Info Edge's online matrimonial service Jeevansathi has posted an operational EBITDA profit of Rs 65 lakh for the quarter ended June 30. Info Edge reports Jeevansathi, Shiksha and other companies together under a separate segment, however the company reported matrimonial site's performance in a separate notification on the stock exchanges. In the June quarter, the segment posted revenues of Rs 25.77 crore and a loss of Rs 1.97 crore. Jeevansathi reported revenues of Rs 14.56 crore for the June quarter, showing a growth of 34% year-on-year (YoY) and 8.82% quarter-on-quarter (QoQ). Its headcount at the end of June was 378 and the revenues per employee was Rs 3,85,185. Mobile continues to be a focus are for Jeevansathi with more than 80% of its sessions coming in from its mobile site or app. In a call with analysts, Hitesh Oberoi, managing director of the company, said that it wants to dominate the Northern and Western markets. "So Jeevansathi has always been a strong player in the north. We would actually do almost 0% in the south. So most of our revenue come from north and west. While we are #3 player nationally, we believe that we maybe actually #2 player in the north and west and definitely in the north," Oberoi explained. Jeevansathi competes with Matrimony.com and People Interactive's Shaadi.com. Matrimony is looking to raise Rs 550 crore in an IPO later in November. Info Edge's results For the quarter ended June 30, Info Edge reported a net profit after tax (on a…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...