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Indian matchmaking website plans multi million IPO: sources

 
Published on Jan 23, 2013
5:56 PM
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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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