Matrimony.com has expanded its wedding venue booking platform MatrimonyMandaps to three more states in southern India- Telangana, Karnataka and Kerala.
MatrimonyMandaps enable users to find wedding venue, check availability, get the price quotes and easily book the venue via the platform. The customers can also see photographs and videos of the venues, along with other information such as type of food availability etc.
The online matrimonial company launched this service in May this year, and is already available in Chennai, Madurai, Coimbatore and Trichy, in Tamil Nadu, Hyderabad, Secunderabad, Cochin & Bangalore. The company claims that it has close to 2,000 mandaps and banquet halls listed on the platform.
Matrimony.com, which runs BharatMatrimony opened its Initial Public Offering (IPO) in September this year, for which total bids from Retail Investors stood at 9,258,390 for 509,890 shares offered to them- this is oversubscribed, at around 18.16 times.
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).
Apart from MatrimonyMandaps, the marriages services vertical of the company consists of MatrimonyPhotography for wedding photos and videos; MatrimonyBazaar for wedding related products and services such as jewellery, catering, honeymoon packages etc; MatrimonyDirectory, which basically works like a listings of contacts of wedding related service and products providers such as wedding planners, caterers, photographers, venues, jewellery etc.