India Deals: eBay Sells Stake In Indian Ops; Bharatmatrimony Gets $11.75 Million From Yahoo & Others
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Two major Indian Internet deals today, covered in details on ContentSutra:
—eBay Sells Stake in Indian Arm: Kijiji India, the Indian site for eBay (NSDQ: EBAY) classifieds, will now be jointly owned by the company and VC fund Matrix Partners..this will not affect the main eBay India site. Like most generic classifieds sites, Kijiji has been off our radar, and it’s been observed that the specialized classifieds sites are the way to go in India.
—Bharatmatrimony Gets $11.75 Million From Mayfield, Yahoo And Canaan: Online matrimonial and classifieds company BharatMatrimony has raised a second round of funding of $11.75 million led by Mayfield, Yahoo (NSDQ: YHOO) and Canaan Partners. The company had raised $8.65 million in 2006 from Yahoo and Canaan Partners.
Posted In: Money, M&A & Venture Capital, Venture Capital, Companies, Yahoo, Countries, Asia, India, bharatmatrimony, canaan partners, ebay, kijiji, matrix partners, mayfield fund
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