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.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
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...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
Icons Of India : Debjani Ghosh
Debjani Ghosh is the President of the National Association of Software...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...