The Deal
Sunday, November 8, 
7:01 pm

VC Rating: Bharat Matrimony

  Share     E-Mail    Discussion (2)     Print Story

Company: Bharat Matrimony
Description: Online matchmaking
Competitors: Shaadi, Jeevensathi
Location: Chennai, India
Amount Raised: $8.6 million
Round: First
Date Announced: 8/2/06
VC Firms: Canaan Partners, Yahoo! Inc.
VC Directors: Alok Mittal
Quick Take: A culture of arranged marriages combined with 1.1 billion people in that culture adds up to a sizable business opportunity. Bharat Matrimony operates a subscription-based Web site that allows people to find a suitable marriage partner. Since most singles in India don't date before marriage, the site is called an online matrimonial service, rather than an online dating site. Whatever the terminology, Canaan Partners had success with Match.com in the United States and should be able to use that experience in India. A danger is Bharat Matrimony's ambition to develop real estate, automotive, classifieds and employment Web sites in addition to its nine-year-old marriage service. I'm not sure how likely it is for one company to become the Craig's List, CarsDirect, Monster.com and Match.com of one country (even if that company is aligned with Yahoo!), but as long as its growth ambitions don't allow it to stray from its matchmaking roots and the company continues to tailor its service to the Indian market, success is attainable.

Technology (1 out of 10): 3
Market: 9
Management: 3
Chances for IPO: 5
Overall VC Rating: 7

For more on Bharat Matrimony's funding, see:
Srishti
ContentSutra
Alok Mittal

Technorati tags: , , , ,

Continue reading below

Also on Dealscape





Comments

From: ragu,

I want email divya.I am amir.the divya live in mumbai.I like divya.


From: mathavaraj,

hello, hai how are you , i like to friendship with you .
bye
mathavaraj


Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Linklaters' Schmidt says how regulators handled Pfizer Inc.'s acquisition of Wyeth is an outlier of how others merger reviews will be conducted.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Dealing with frozen bank lending

If your bank is not willing to lend, what can you do as your company continues to seek growth?


Judgment Call

The coming age of the renminbi

The Chinese currency will play an increasingly important role in international commerce and finance.


Industry Insight

Banking on PE investments

Howls of protest greeted the FDIC policy statement, but the financial services industry should get over it.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.