eCommerce - Thursday, February 7, 2008
Indian eCommerce Conglomerate Raises $11.75M
India's Consim Info has raised $11.75M in Series B funding led by Mayfield with return backers Canaan Partners and Yahoo. The company had raised an $8.6M first round in 2006. Needless to say that is a lot of Rupees.
The group has over 15M people registered with various portals of the group including BharatMatrimony.com, Clickjobs.com, IndiaProperty.com, IndiaAutomobile.com etc.
The firm started out as BharatMatrimony Group but couldn't resist the call to tackle other Net verticals in India. With the new funding, Consim plans to take the online matrimony business to international markets with the launch of country specific & religion based matrimony sites.
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