DealTracker – BharatMatrimony Raises Another $11.75 Million
Consim Info, formerly known as BharatMatrimony Group, has announced its second round of funding of $11.75 million led by Mayfield Fund, with participation from existing investors, Yahoo and Canaan Partners. From Mayfield, Nikhil Khattau will join the Board of Consim as Director and Navin Chaddha will be an observer on the Board. Consim had earlier raised $8.65 million in 2006 from Yahoo and Canaan Partners.
Around 80 percent of Consims revenues are from the Matrimonial classifieds business, and the company will use the funds to expand into international markets – setting up operations in the US and UK, among other countries. They also intend to strengthen their other offerings – Clickjobs.com, IndiaProperty.com, IndiaAutomobile.com, IndiaList.com, IndiaPages.com, LoanWala.com and Desimatch.com. [Via]
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Filed under: Business, Deal Tracker
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