India's Biggest Online Matchmaker Opens Its IPO

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By Saritha Rai

September 11, 2017 at 10:45 AM UTC

Corrected

September 13, 2017 at 5:40 AM UTC

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India’s biggest online matchmaker opened its initial public offering Monday, selling shares in Matrimony.com Ltd. for about $15 apiece.

Backed by Silicon Valley investor Bessemer Venture Partners, Matrimony.com expects to raise as much as 5 billion rupees ($78 million) with the IPO closing on Wednesday. The startup has already raised funds from Goldman Sachs India Ltd., BNP Paribas Arbitrage and Baring Private Equity India AIF.