From Venture Wire: Indian Online matrimonial service Shaadi.com said “I do” to an $8 million round, finding a suitor in WestBridge Capital Partners. This is the first round of capital for Mumbai-based Shaadi, whose official name is People Interactive Pvt. Ltd., and is yet another leading Internet company joining WestBridge’s portfolio, which already includes Internet portal Times Internet Ltd.
Shaadi already holds about 50% of the online matrimonial market in India, according to Singhal, and will use the new capital to invest in its other Web sites – online dating site Fropper.com and astrology-oriented personals site AstroLife.com – as well as to make acquisitions.
The online service charges subscription fees starting at $42 for a three-month membership, and typically has about half a million members subscribing on average for six to nine months.
It’s not often I come across a dating site that is ISO 9001:2000 certified.
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