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Consim Info, formerly known as BharatMatrimony Group, has announced its second round of funding of $11.75 million led by Mayfield Fund, with participation from existing investors, Yahoo (NSDQ: YHOO) and Canaan Partners. From Mayfield, Nikhil Khattau will join the Board of Consim as Director and Navin Chaddha will be an observer on the Board. Consim had raised $8.65 million in 2006 from Yahoo and Canaan Partners. [via release]
Around 80 percent of Consims revenues are from the Matrimonial classifieds business, and the company will use the funds to expand into international markets – setting up operations in the US and UK, among other countries. They also intend to strengthen their other offerings – Clickjobs.com, IndiaProperty.com, IndiaAutomobile.com, IndiaList.com, IndiaPages.com, LoanWala.com and Desimatch.com. Their matrimonial business is highly segmented, they have portals for Assamese, Bengali, Gujarati,Hindi, Kannada, Malayalee, Marathi, Marwadi, Oriya, Parsi, Punjabi, Sindhi, Tamil, Telugu and Urdu. They had also launched a matrimonial portal alongwith Yahoo for Indonesia and Malaysia, called Muslimmatrimonial. The company intends to go for an IPO in 2009, CEO Murugavel Janakiraman had told ContentSutra, earlier last year in an interview.