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Bharatmatrimony Gets Second Round Of $11.75 Million From Mayfield Fund, Yahoo And Canaan Partners

By Nikhil Pahwa - Tue 05 Feb 2008 06:30 AM PST

Consim Info, formerly known as BharatMatrimony Group, has announced its second round of funding of $11.75 million led by Mayfield Fund, with participation from existing investors, Yahoo (NSDQ: YHOO) and Canaan Partners. From Mayfield, Nikhil Khattau will join the Board of Consim as Director and Navin Chaddha will be an observer on the Board. Consim had raised $8.65 million in 2006 from Yahoo and Canaan Partners.  [via release]

Around 80 percent of Consims revenues are from the Matrimonial classifieds business, and the company will use the funds to expand into international markets - setting up operations in the US and UK, among other countries. They also intend to strengthen their other offerings - Clickjobs.com, IndiaProperty.com, IndiaAutomobile.com, IndiaList.com, IndiaPages.com, LoanWala.com and Desimatch.com. Their matrimonial business is highly segmented, they have portals for Assamese, Bengali, Gujarati,Hindi, Kannada, Malayalee, Marathi, Marwadi, Oriya, Parsi, Punjabi, Sindhi, Tamil, Telugu and Urdu. They had also launched a matrimonial portal alongwith Yahoo for Indonesia and Malaysia, called Muslimmatrimonial. The company intends to go for an IPO in 2009, CEO Murugavel Janakiraman had told ContentSutra, earlier last year in an interview.

Posted in: Companies, Bharatmatrimony, Venture Capital



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7 Responses:
  • From Atul Tue 05 Feb 2008 02:50 PM

    They are already loosing matrimony market to Shaadi.com....These guys are not really focussed...Take a look Naukri and they are doing extremely well. These guys putting their hands everywhere...best of luck

  • From Kanna Tue 05 Feb 2008 06:37 PM

    So how much revenues & profit/loss is Consim making as a whole ?

    My educated guess is about Rs 50 crores sales for 2007 - Jan to Dec.... any others who might know ?

  • From raj Tue 05 Feb 2008 09:05 PM

    The market share of BharatMatrimony in the matrimony business is more than rest of the players.  It’s only BharatMatrimony growing while rest of the players are loosing.  They are doing the right thing.

  • From shroff Wed 06 Feb 2008 12:03 AM

    yahoo re-invests ?? they themselves are looking for funding. personally doubt if they have invested much.

    Am interested in knowing how much percentage share Comsin has now offloaded through such fundings.

    Ref to who is growing, well not much time left for the two i.e Shaadi & BharatMatrimony aka Comsin to go public - 2009, then the whole world will know who makes more. looking at the US audience on shaadi Vs all portals of Bharatmatrimony i think Shaadi makes more. Indian internet users do pay but considering Matrimonial space generating more monies out of pageviews (as reported by few online surveys if that is what Raj you referring to)… serious doubts....

    but as long as the internet firms grow and get good fundings Am happy.

    Cheers!!

  • From Rajesh Fri 08 Feb 2008 05:43 AM

    I know some senior people at BM and they have confirmed that the valuation was north of $100 million, so i guess they offloaded about 10%

  • From Bobby Churchill Thu 10 Apr 2008 03:07 PM

    India Property - [url=http://www.Kothi.com]http://www.Kothi.com[/url] it the business to watch!

  • From Bangalore Caterers Fri 06 Jun 2008 11:26 PM

    Dear Friends its a Great topic, Nice to see and read these good articles. Please do visit my site Bangalore Caterers and Please send me mails that will help to promote organic food.

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