Marriages made no more in heaven but online -- What’s in store for Matrimony.com?
Matrimony.com remains the leader in the online matchmaking business with around 60 per cent market share
October 04, 2021 / 04:46 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Marriages are no longer made in heaven. With the advent of the Internet and its rapid progress, online portals are becoming popular platforms for match-making.
Matrimony.com (Matrimony; CMP Rs 973.6, Market capitalisation: Rs 2,228), being India’s largest online matrimony platform, has immensely benefited from this trend and should continue to see its business grow as more tech-savvy eligible bachelors decide to enter into a wedlock. Moreover, its honeymoon with Shaadisaga.com should help Matrimony.com to better cultivate the nascent wedding services...