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MyShaadi.in raises funding from Indian Angel Network

MyShaadi.in, an online portal offering wedding related
services has raised an undisclosed first round of funding from Indian Angel
Network. The investors include active angel investors Rajan Anandnan, Sunil
Kalra, Ashim Mehra and Rehan Yar Khan who is joining the board of directors of MyShaadi.in.
The fund will be used to strengthen operation and further innovate the company’s
suite of services.

MyShaadi.in, an online portal offering wedding related
services has raised an undisclosed first round of funding from Indian Angel
Network. The investors include active angel investors Rajan Anandnan, Sunil
Kalra, Ashim Mehra and Rehan Yar Khan who is joining the board of directors of MyShaadi.in.
The fund will be used to strengthen operation and further innovate the company’s
suite of services.

Launched in February, 2011, by Abhishek Jain, the site claims to have served more than 13,000 couples and aims to have over 1 lakh couples by this
year end. The website also houses an interactive blogging section which is
contributed by the industry experts that illuminates couples on latest trends
and international concepts of wedding.

Rajan Anandan said, “What caught our attention towards
MyShaadi.in was that there was hardly any significant and focused player in the
matrimony domain who offered a gamut of matrimony services catering to Indian
audience. With wedding industry being the fourth largest contributor to India’s
GDP, MyShaadi.in is certainly in a very lucrative space. Needless to say there
is a huge scalability factor in MyShaadi’s business model.”

Abhishek Jain, Founder, MyShaadi.in, said, “It
is indeed a matter of pride to have found support from serial angel investors
such as Rehan Yar Khan, Rajan Anandan, Sunil Kalra and Ashim Mehra. Their
unparalleled expertise and knowledge will help MyShaadi.in to have a great
growth trajectory both in terms of business and human resources while boosting
the confidence of our team by leaps and bounds.”

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