Matrimony.com to obtain 100 pc stake in ShaadiSaga
By MYBRANDBOOK
Matrimony.com has announced signing definitive agreements to acquire a 100 percent stake in Boatman Tech - the promoters of ShaadiSaga. The transaction is subject to customary closing conditions and regulatory approvals.
In addition to being in the online matchmaking space, Matrimony.com claims to be a pioneer in the wedding services industry as well as it has invested in this space and built a portfolio of offerings, including WeddingBazaar.com and Mandap.com.
Murugavel Janakiraman, Chairman and Managing Director of Matrimony.com, says, “With this strategic acquisition, we will accelerate our growth through supply enhancement and superior product capabilities. We intend to integrate ShaadiSaga’s product, technology, and social media assets with our offerings i.e., WeddingBazaar.com and Mandap.com.”
This deal enables Matrimony.com to scale up its presence significantly in the North and West regions, strengthen its product capabilities, and become the largest wedding services player across the country.
Following this acquisition, ShaadiSaga’s founders - Himanshu Kapsime (CEO) and Manish Garg (COO), along with another key leader, Niraj Patel (CPO) - will join Matrimony.com in senior leadership roles.
Himanshu Kapsime, Co-founder and CEO of ShaadiSaga, says, “We see excellent complementary strengths between ShaadiSaga and Matrimony.com, and we are excited to take this step towards building a comprehensive wedding services brand. With Matrimony.com, we have the potential and the ability to significantly scale the business and drive consumer adoption of an industry-leading next-gen wedding planning solution.”
“With Matrimony.com’s decades of expertise, scale and resources, I am confident that we will be able to offer a superior experience for our customers and will be a strong partner to wedding vendor partners we work with,” adds, Manish Garg, Co-founder and COO of ShaadiSaga.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
Technology Icons Of India 2023: Som Satsangi
With more than three decades in the IT Sector, Som is responsible for ...
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
Technology Icons Of India 2023: Anant Maheshwari
As President of Microsoft India, he is responsible for Microsoft’s o...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...