Forbes India has published a new article about Murugavel Janakiraman, the founder and MD of Matrimony.com, entitled: “Matrimony.com: A market leader in online matchmaking.”
Matrimony.com Ltd is a company based in India which provides both matchmaking and marriage related services through websites, mobile sites and mobile apps – and is also complemented by 140+ company owned retail outlets.
The featured article speaks about how Janakiraman went from living in a one bed house with his parents and his elder brother to being the leader in India’s online matchmaking service, measured by the average number of unique visitors.
The piece also covers Matrimony.com’s competitors, including shaadi.com and jeevansathi.com, who reportedly received 420,000 and 380,000 unique visitors respectively compared to Matrimony.com’s 991,000.
Opportunity in the Indian dating market is highlighted, with the dating sector expected to grow by an average of 0.84% until 2021. 60.5 million weddings are estimated to take place in the country between 2017 and 2021.
Janakiraman talks to Forbes about his past work experience and setting up on his own. He started sysindia.com, a website which offered Tamil Indians a plethora of services. He said: “I developed applications for services such as Tamil festival reminders, daily calendars, a dedicated chat forum, a travel section where one could connect with travel agents, etc. It was a basic website—one page for brides and one for grooms.”
Janakiraman has steadily grown Matrimony.com by partnering with platforms such as Yahoo! and Sify to drive traffic onto his website, but instead of re-investing into the business, he has been ploughing the money into growing other online business verticals such as loans, jobs, automobiles and real estate, and others.
From starting off small and wanting to own a functional home, Janakiraman has now set his sights on making Matrimony.com a £1 billion company: “I want to build a legacy that will last beyond my lifetime and touch millions of lives.”
Read the full article here.