Earlier this week, Matrimony.com,which runs online match-making portals such as Bharatmatrimony.com, said it is looking to raise Rs 350 crore via an initial public offering (IPO), reports Reuters. The Chennai-based company has filed its papers for an IPO with the Securities and Exchange Board of India. Here is a quick lowdown of what we could find about the company from its draft red herring prospectus (DRHP). Download here. Matrimony has sustained losses in four of the last five fiscal years The company has posted losses of Rs 1.67 crore in FY 11, Rs 3.79 crore in FY12, Rs 9.16 crore in FY14 and Rs 2.93 crore in FY15. For the fiscal year ended March 2013, Matrimony posted a profit of Rs 10.41 crore. The company mentions that the losses in fiscal 2014 and 2015 resulted from the impact of exceptional expenses incurred in defending Matrimony, its promoter and certain investors in connection with the Desai et al. v. Infonauts, Inc.,et. al litigation. The legal costs in FY 15 were Rs 14.18 crore and Rs 18.90 crore in FY14. Revenues Matrimony.com reported revenues of Rs 242.85 crore for the FY15. Majority of the company's revenues came from its match making services (Rs 231.99 crore) followed by marriage services (Rs 7.35 crore) and sale of products (Rs 2.07 crore). A look at the company's revenues over the last five years: Number of users and average transaction value - In fiscal 2015, 2.57 million free profiles were registered through Matrimony's websites, mobile sites and mobile apps and the…
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