Wednesday, August 02, 2006

Yahoo, Canaan invest $8.65 mln in BharatMatrimony |

"Internet media company Yahoo Inc. and venture firm Canaan Partners said on Wednesday they had invested $8.65 million in an Indian portal, attracted by strong growth prospects in Asia's third-largest economy.
The investment in BharatMatrimony, which has about 3.5 million active users, is the third major overseas foray in India's Internet business this year by private funds, said an industry expert."

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