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Venture Capital | 19 April 2012    1 Comment

IAN Invests In Wedding Planner - MyShaadi.in

by Irfan Khan
 
@irfan
Myshaadi.in, a wedding planning portal has raised first round of funding from @Indian_Angel. The investors include Rajan Anandnan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan.

Rehan Yar Khan has joined the board of Shaadi.in. The funds will be used to strengthen operations and further innovate it's suite of services.

@MyShaadi_in was launched in 2011 by Abhishek Jain. The portal enables couples to plan wedding events, share invitations, share photographs along with features like budget calculator, shopping list, to do list, etc. The website has so far served more than 13,000 couples and aims to have over 1 lakh couples by this year end.

The website also boasts of an interactive blogging section which is contributed by the industry experts that illuminates couples on latest trends and international concepts of wedding.

Olympus India Acquires 4.8% In Karur Vysya

Olympus India Holdings Ltd has acquired 4.8% stake in Karur Vysya Bank Limited for 200.67Cr through bulk deal.

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Matrix Partners Part Exits Muthoot Finance

Matrix Partners India LLC has sold a major part of its investment in gold loan company Muthoot Finance Limited for a consideration of INR 836.9 Mn in the open market. The firm sold 4.85 Mn shares amounting to 1.22% stake in the company at a unit price of INR 172.53. Also Government of Singapore picked up 0.87% stake for INR 603.5 Mn.

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