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Consim Info Planning to Raise Funds For BharatMatrimony and IndiaProperty
07 Dec 2009
Chennai-based Consim Info, formerly BharatMatrimony group, is looking at raising funds for Perspi Interactive, while preparing to launch an IPO for its profit making ventures (BharatMatrimony.com and IndiaProperty.com) in the next one or two years.
Consim plans to hive off some of its online properties such as ClickJobs.com, IndiaList.com and IndiaAutomobile.com under a subsidiary named Perspi Interactive.
Consim Info will not be shutting down any of the portals. There will be no write-offs. All are B2B or B2C websites and not advertising dependant and they will grow them and take it public.
Matrimony and property are high growth verticals for them and are profitable, while the others are emerging and require a different approach.
Matrimony accounts for over 70 per cent of its revenues. Launched in 1997, Consim has already raised around $20 million in venture funding from internet major Yahoo and venture capital investors Canaan Partners and Mayfield Fund.
Tags
consim info, bharatmatrimony, indiaproperty, public issue
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