Indian matchmaking website plans multi million IPO: sources
Published on Jan 23, 2013 5:56 PM
MUMBAI (REUTERS) - An Indian company is hoping weddings and investors are a match made in heaven.
India's Consim Info, owner of BharatMatrimony.com, a matchmaking portal, plans an initial public offering to raise between US$100 million and US$125 million later this year, two sources with direct knowledge of the matter said.
Indian parents have traditionally relied on matchmakers or relatives to help find a suitable spouse for their children.
Matrimonial websites have become popular as young Indians increasingly spend time online.
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