Nanotechnology - Wednesday, August 2, 2006
Yahoo Makes Its First India VC Deal
Canaan Partners, which did Match.com, invested with Yahoo in an $8.6M round in BharatMatrimony group. This is Yahoo's first investment in India that we know of. Bharat Matrimony was founded in 1997 and is boot-strapped to date. The company manages more than a dozen different matrimony portals plus Clickjobs.com, Indiaproperty.com and Indiaautomobile.com.
Anamika Singh And Her Groom Sitanshu Say Thanks Bharatmatrimony.com
In India, 12% of all net users look for a wife or husband online. Of these 31% head to Shaadi.com, Bharatmatrimony.com gets 16% and another 16% go to Indiatimes dating service and Timesmatri.com. So Bharatmatrimony is a bit behind but Canaan Partners knows that leaders in the dating market are always vulnerable.
Read - Canaan Partners And Yahoo Invest $8.6 Million In BharatMatrimony Group (ContentSutra)
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