WestBridge Capital Partners Announces $8 Million Investment in Shaadi.com
Monday, 13. March 2006 - 12:16 pm
Mar 9 — India, Mumbai : Shaadi.com, the flagship brand of People Interactive Pvt. Ltd, which owns other businesses such as Fropper.com, AstroLife.com, and ShaadiPoint has secured an investment of US $8 million from India's WestBridge Capital Partners. Just last week People Group had announced a $10 million investment deal in it's group company, People Infocom (MAUJ Telecom) with a consortium of investors – WestBridge Capital Partners, Intel Capital, and Sequoia Capital. This is People Group's second venture capital deal in two weeks and brings the total amount raised to $18 million. WESTBRIDGE CAPITAL PARTNERS RELEASE
Mark Brooks: Shaadi is a power house in matrimonials and is doing some very innovative work meshing online services with 'real world' bricks and mortar services which will eventually make waves in the US market 