AFAQS - Oct 1 - Murugavel Janakiraman, who started the business of online matrimony as a section of his website in 1997. His company, Matrimony.com claims it has 60% of the estimated Rs 30Billion ($480M) online matchmaking market. The company runs 15 matrimonial websites under Bharat Matrimony and ~300 websites under Community Matrimony. The company now has 4K employees. Janakiraman says the company broke even and made a profit in 2009 and the compounded annual growth rate, in the last three years was ~30%. ~90% of its revenue comes from user subscription fee, which ranges from Rs 3,290 to Rs 50,000 ($52 - $800) for three months. It has 2.5M active members. The next big step would be an IPO. Sources say Canaan Partners, which invested $10M in tranches, would get around 10 times of its investment in its exit.
by Gireesh Babu
The full article was originally published at AFAQS, but is no longer available.
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Bharat Matrimony recently became matrimony.com. There's rumors they will IPO soon. For complete news on Bharat Matrimony see http://www.onlinepersonalswatch.com/news/bharatmatrimony/
Posted by: Mark Brooks | Oct 02, 2013 at 04:45 PM
Bharat matrimony has set a benchmark in the matrimonial industry which is difficult to surpass.
Posted by: Lingayat matrimony | Jul 15, 2015 at 03:22 PM