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Consim Info eyes Rs 200 crore revenue by 2013

Consim Info which runs marquee online brands such as
BharatMatrimony.com and IndiaProperty.com is reportedly targeting a revenue figure
of nearly Rs 200 crore by 2013, reports Mint. According to the
report, the company, which previously planned to touch 200 retail outlets by March
2012, will now reach that number by December 2012.

Consim Info which runs marquee online brands such as
BharatMatrimony.com and IndiaProperty.com is reportedly targeting a revenue figure
of nearly Rs 200 crore by 2013, reports Mint. According to the
report, the company, which previously planned to touch 200 retail outlets by March
2012, will now reach that number by December 2012.

“We have always been a recession-proof industry and hope to
grow this year through increased retail expansion,” Consim chief executive and
founder Murugavel Janakiraman said in an interview. Close to 80 per cent of the
company’s revenue comes from its matrimonial business, which has been
profitable since 2009-10, and the rest from its still-in-the-red property
website.

Consim has been funded to the tune of $20.4
million. The company raised $8.65 million in its first round of funding in 2006
from Yahoo and Canaan Partners. This was followed by a second round of funding
worth $11.75 million from Yahoo Inc., Mayfield Fund and Canaan Partners in
2008. Last year, Yahoo exited Consim by selling its stake for an undisclosed
amount to Bessemer Venture Partners.

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