New reports are emerging that the Match Group remain in conversations with Shaadi.com relating to a potential tactical financial investment. Shaadi.com is an Indian marriage and matchmaking platform.
Sources with understanding of the conversations have actually informed The Economic Times that the 2 brand names have actually had several conversations and remain in the last of the offer. The precise monetary information are still being settled, sources share.
Both Shaadi.com and Match Group have actually not discussed this story.
This move by the Match Group might be an outcome of the business’s restructuring, after it designated Malgosia Green, who was formerly working as CEO of Plenty of Fish, the head of Match Group Asia.
In this function, Green is accountable for Match Group’s items in the area and accountable for development in Asian markets. The business has platforms particularly for Latino, Black, and older communities, implying an India-focused site would broaden its existing offerings.