Matrimony.com to see Bessemer exiting through Rs 500 cr IPO

Mayfield to sell 1% of holding, JP Morgan Asset Management will sell a third of its investment

Matrimony.com Ltd, the online matchmaking services player based in Chennai, is expected to launch an Initial Public Offer to raise around Rs 500 crore on September 11, and one of the private equity investors in the company is expected to see an exit through the route.

According to company officials, Bessemer India Capital is expected to sell 1,461,006 equity shares in Matrimony.com through the IPO, marking its exit from the company. The investor has around seven per cent stake in the company at present.

Another private equity investor, Mayfield, is expected to sell less than one per cent of its shares in