Backed by the likes of Sequoia during the early stages, Shaadi.com was founded in 1996 by Mittal. Five years later, he established the People Group as an umbrella entity. Other brands under People Group include the real estate platform Makaan.com, mobile gaming company Mauj Mobile and Mobango.
Matrimony platform Shaadi.com is looking at a second attempt in filing its initial public offer (IPO) after more than a decade of pause. Its first attempt to go public was made in 2009.
Anupam Mittal, the founder said, “We are profitable, and in about 12 months, we will be IPO-ready, and it’s a good place to be.” Mittal added that the company doesn’t require capital at the moment. The first IPO attempt of Shaadi.com planned to dilute around 15-20% of the total equity of the People Group, the parent company of Shaadi.com.
“We plan to go for an Initial Public Offering in 2009 to dilute 15-20 per cent stake in the Group. This will, however, depend on the prevailing market condition at that time. It (the listing) is in its early stages of exploration. We are thinking on that line,” Mittal told PTI back in 2007.
Backed by the likes of Sequoia during the early stages, Shaadi.com was founded in 1996 by Mittal. Five years later, he established the People Group as an umbrella entity. Other brands under People Group include the real estate platform Makaan.com, mobile gaming company Mauj Mobile and Mobango.
