Shaadi.com Plans IPO: India's Leading Matrimonial Platform Explores Public Listing

Shaadi ranks among India's most established and extensive digital matrimonial platforms.

People Interactive India Pvt., which manages the widely recognized marriage matchmaking service Shaadi.com, is making preparations for an initial public offering, according to sources familiar with the situation.

The company, headquartered in Mumbai, has engaged in discussions with investment bankers over recent weeks to explore listing possibilities, according to these sources, who requested anonymity as the information remains confidential. These conversations remain in preliminary stages, and the company has not yet officially appointed financial advisers.

Shaadi, a Hindi term meaning wedding, stands as one of India's pioneering and largest digital matrimonial services providers. It operates in competition with companies such as Matrimony.com Ltd., which completed its public listing in 2017, and Jeevansathi.com, which is owned by Info Edge India Ltd.

Discussions regarding the IPO are currently ongoing, with key aspects including valuation, timing, and offering structure still under consideration. People Interactive did not respond when contacted for comment.

IPO proceeds across India have exceeded $19 billion this year and could potentially challenge last year's record of almost $21 billion, according to data compiled by Bloomberg. This trend reflects the continued enthusiasm of local companies to pursue public listings in what has become one of the world's most vibrant markets for new stock offerings.