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Happily Unmarried Raises $843k from Info Edge

1Oct By PriyankaNo Comments

FUNDING

Happily Unmarried Raises $843k from Info Edge

India based Info Edge Ltd invested $843k (Rs 6 crore) in Happily Unmarried Marketing through its wholly-owned subsidiary. Info Edge has agreed to acquire 1,244 optionally convertible cumulative redeemable preference shares and the cost of acquisition is about Rs 6 crore, Info Edge said in a regulatory filing. The aggregate shareholding of the company in Happily Unmarried, post previous fund raise exercise from other investors and completion of current fund raise exercise by Happily Unmarried, would be 42.33 per cent on fully converted diluted basis. Happily Unmarried has diversified into men's grooming through its brand 'Ustraa' that is now driving the growth of the business. The investment would help in consolidating Info Edge's position into the said line of business within...

Mukesh Ambani’s Daughter To Marry Business Tycoon Soon

7May By Sheldan RungasamyNo Comments

News

Mukesh Ambani’s Daughter To Marry Business Tycoon Soon

Isha Ambani, daughter of India’s richest person, Mukesh Ambani and Nita Ambani, is set to marry Anand Piramal, son of Ajay Piramal and Swati Piramal, in India this year. Anand and Isha have been long-time friends and the former dropped the knee over the weekend at a temple in Mahabaleshwar. Once the proposal accepted, the couple celebrated the joyful news with their parents and other family members, including Isha’s brothers Akash and Anant. Anand, founder of Piramal Realty, one of India’s most successful real-estate companies is also an acclaimed businessman. In 2012, when the real estate business was crashing down. Anand Piramal founded Piramal Realty and raised about Rs 2,700 crore from famous global funding corporations Goldman Sachs and Warburg Pincus. The company grew very ...

Bridging The Gap Between Arranged Marriage and Love Marriage – A DIY Matrimonial Network

17May By NitishNo Comments

Story

Bridging The Gap Between Arranged Marriage and Love Marriage – A DIY Matrimonial Network

When Saneesh Sukumaran saw his friends, cousins and even himself struggling through awkward arranged marriage meetings and scouring impersonal matrimonial networks, he thought of a Self Arranged matrimonial platform as an obvious solution. As destiny would have it, he found his partner well before the site was up and running. Wedeterna is a new-age, personalised and fresh approach to arranged marriages where all profiles are self created. Wedeterna is meant for those who want to give traditional arranged marriages a shot without leaving it entirely to family and relatives. On Wedeterna you can hide personal details, email id and phone number, to be shared only upon user's approval. The main idea behind Wedeterna was to retain the goodness of traditional arranged marriages which is the...

This startup will fund your wedding, but if you divorce you have to pay them back

12Dec By AnkitaNo Comments

Story

This startup will fund your wedding, but if you divorce you have to pay them back

Do you think your love is forever? Well this startup is willing to put up the funds for your wedding if you think it is. SwanLuv is currently accepting applications from soon-to-be-wed couples who think they've found everlasting love, Geekwire reports. After you've filled out the form, the company will make its own assessment of your bound and give out a loans of up to $10,000 to fund your dream nuptials. The catch? If you get a divorce, you have to pay the loan back - with interest. The couples that do stay together will never have to pay a cent. But in a depressing twist, it's the couples that part that end up funding the blissful couple's wedding day. (This sounds like it has potential for a reality show spin-off.) The Seattle-based company mines online data and uses algorithm so...