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Business News/ Companies / Consim Info expects to touch Rs200 crore in revenue
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Consim Info expects to touch Rs200 crore in revenue

Consim Info expects to touch Rs200 crore in revenue

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Chennai: Online services firm Consim Info Pvt. Ltd, which runs the Bharatmatrimony.com matchmaking service, is eying a revenue of nearly Rs200 crore this year and continued 50% growth over last year.

“We have always been a recession-proof industry and hope to grow this year through increased retail expansion," Consim chief executive and founder Murugavel Janakiraman said in an interview.

The retail format is an offline marriage bureau where people can walk in to pay, register and be helped by a counsellor to find a match. The company earns revenue from both subscription and advertising.

“It is a reasonably stable model but advertising could take a hit depending on the company’s revenue size," said Milan Sheth of audit and consulting firm Ernst and Young.

Consim, which also owns property website IndiaProperty.com, had been funded to the tune of $20.4 million by email and web search provider Yahoo Inc. and venture capital investors Mayfield Fund and Canaan Partners. Last year, Yahoo exited Consim by selling its stake for an undisclosed amount to Bessemer Venture Partners.

Close to 80% of the company’s revenue comes from its matrimonial business, which has been profitable since 2009-10, and the rest from its still-in-the-red property website.

Janakiraman refused to comment on Consim’s complaint against Google.com at the Competition Commission of India (CCI).

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Published: 19 Jun 2012, 03:41 PM IST
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