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January 23, 2013

Deal Alert: BharatMatrimony plans $125-M IPO

Consim Info Pvt. Ltd., owner of match-making portal BharatMatrimony.com is planning an IPO to raise $100-125 million later this year. The company is backed by Bessemer Venture Partners. It plans to use some of the proceeds to expand its overseas operations. Other investors in Consim are Silicon Valley-based venture funds Mayfield and Canaan Partners.

The company has picked Deutsche Bank, Citigroup and Kotak Mahindra Capital for the IPO. 

Consim raised $8.7 million in 2006 from Yahoo Inc and Canaan Partners. This followed an investment worth $11.75 million in 2008 by Mayfield and the other existing investors. Yahoo exited Consim in 2011, selling its stake to Bessemer Venture Partners and the two other funds. Source: Reuters

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