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Indian Bride Sites

Filed in archive Dating Sites by Mark Brooks on October 30, 2006

Indian Bride Sites
In September Yahoo and Silicon Valley venture capital firm Canaan Partners jointly paid $8.5 million for ~10% of BharatMatrimony.com, a nine-year-old marriage Web site that also has 50 offices across India to serve those without Net access. "BharatMatrimony will help us get a larger share of the Internet market" in India, says Yahoo India Managing Director George Zacharias. Microsoft hooked up with Shaadi.com a year ago, though it didn't invest any money in the site. "Shaadi helps attract huge numbers of users," says MSN India country manager Jaspreet Bindra. Kleiner Perkins Caufield & Byers plowed $4.6 million into Info Edge, which runs matrimonial site Jeevansathi.com. Google is said to be prospecting for a partner. Some 7.5 million people use marriage sites, up from 4 million in 2004, the Internet & Mobile Association of India estimates. Registration is free. Users pay when they want to contact a potential partner. The sites are likely to take in ~$21 million this year. But there's plenty of room to grow. Indians lay out nearly $500 million a year for offline marriage services such as print classifieds. "Today the emphasis is on compatibility and being a professional, something the Internet lets you test, as opposed to the traditional contacts," says Anupam Mittal, Shaadi.com's founder. FULL ARTICLE @ BUSINESS WEEK Mark Brooks: I have an interview with the CEO of Bharat Matrimony in the pipeline. There's a lot U.S. companies can learn from these innovative Indian sites.


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