Top News

Consim Info (BharatMatrimony) raises $11.75 million from Mayfield Fund, Yahoo, Canaan Partners

Consim Info, formerly known as BharatMatrimony Group, has closed its second round of investment of $11.75 million led by Mayfield Fund and participation from existing investors, Yahoo and Canaan Partners. The company had received an initial funding of $8.65 million in 2006 from Yahoo and Canaan Partners.

Consim Info, formerly known as BharatMatrimony Group, has closed its second round of investment of $11.75 million led by Mayfield Fund and participation from existing investors, Yahoo and Canaan Partners. The company had received an initial funding of $8.65 million in 2006 from Yahoo and Canaan Partners.

Nikhil Khattau of Mayfield Fund has said, “We are excited to participate in the tremendous growth that Consim Info has achieved in their matrimony and classified businesses. We believe India is poised to see exponential growth in the online classifieds market and that Consim is clearly positioned to be the leader in its field.”

Consim Info plans to take the online matrimony business to international markets with the launch of country specific and religion based matrimony sites. The new funding will also help the company to set up operations in US, UK and other countries and also to promote its other verticals.

Murugavel Janakiraman, founder and CEO, Consim Info, has said, “We plan to leverage this fund to expand our matrimony business in the international markets and to strengthen our other classifieds offerings. We believe that the global knowledge and experience of our investors will help us scale our business strategically.”

Greg Mrva, vice president, corporate development, Yahoo, has said, “Yahoo! is committed to India, and this investment reaffirms our belief in the Indian internet growth prospects, the strength of Consim in the consumer internet space and our confidence in Consim’s management.”

Alok Mittal, managing director, Canaan Partners India, has added, “Consim is a leader in the online matrimony business, and we are confident that the additional investment will help it to expand its leadership and range of services. India is a key market for Canaan Partners and we continue to look at strengthening and creating lasting partnerships with entrepreneurs in the technology space in the coming years.”

Consim Info claims to have over 15 million people registered with its various portals including BharatMatrimony.com, ClickJobs.com, IndiaProperty.com and IndiaAutomobile.com.

Show More

Related Articles

6 thoughts on “Consim Info (BharatMatrimony) raises $11.75 million from Mayfield Fund, Yahoo, Canaan Partners”

Leave a Reply

Your email address will not be published. Required fields are marked *

Close