Matrimony.com, which runs online match-making portals such as Bharatmatrimony.com, will be looking to IPO in November and is looking to raise Rs 550 crore, CEO Murgavel Janakiraman told MediaNama. This development was first reported by TechCircle. Rs 350 crore will be going in to Matrimony as primary offering and the rest will provide and exit for venture capital firm Bessermer Venture Partners, Janakiraman said. Bessemer is looking to offload around 1.66 million shares. Majority of the shares (79.63%) at the company are held by Janakiraman followed by Bessemer (9.89%), Mayfield Mauritius (5.19%) and CMDB II (2.92%). The company mentions in its DRHP that Canaan Partners sold its investment in the company and same was taken up by CMDB II. Matrimony had filed its DRHP in August last year and at the time was looking to raise Rs 350 crore. It…
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