Companies to acquire 100% stake in Boatman Tech Pvt Ltd

Chennai | Updated on July 08, 2021

Deal will allow the company to scale up presence, a Chennai-based online matrimony company, has signed a definitive agreement to acquire 100 per cent stake in Boatman Tech Pvt Ltd, promoters of (a Delhi-based online wedding services company) for ₹11 crore in all cash consideration, says an announcement by to the Bombay Stock Exchange.

The deal will enable to scale up its presence in the north and west regions; strengthen its product capabilities and become one of largest wedding service players in India, says a release from

Founded in 2015, ShaadiSaga has over 40,000 vendors across multiple services and caters to customers across 15 major cities. Following this acquisition, ShaadiSaga’s founders - Himanshu Kapsime and Manish Garg - will join in senior leadership roles, the release said.

Murugavel Janakiraman, Chairman and Managing Director of said with this acquisition, the company will accelerate growth through supply enhancement and superior product capabilities. “We intend to integrate ShaadiSaga’s product, technology and social media assets with our offerings - and The deal will strengthen the positioning of Wedding and in the industry and will enable both brands to become the number one wedding services brands pan India,” he said.

Published on July 07, 2021

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