Yahoo-backed matchmaking platform Matrimony.com is set to launch its initial public offering next week, aiming to raise more than $78m in proceeds.
Matrimony.com, an India-based online matchmaking service backed by internet company Yahoo, will launch an initial public offering next Monday worth more than Rs5bn ($78m), the Economic Times reported yesterday.
The company has priced its shares at Rs983 to Rs985. The IPO will include an offer for sale of up to 3,767,254 shares currently held by Bessemer India Capital, Mayfield Fund, Canaan Partners and angel investors Murugavel Janakiraman and Indrani Janakiraman.
Matrimony.com will be listed on the Bombay Stock Exchange and…
