Matrimony.com Forays Into Online Job Market With ‘ManyJobs’

Matchmaking platform Matrimony.com has ventured into the online recruitment space with the launch of a separate vertical, called ManyJobs.com.

As per news agency PTI, the new platform will target “grey collar” job seekers and will initially be available in two languages – Tamil and English. The company is looking to onboard 10 Lakh job seekers in the first six months of the launch. 

“For the very first time, after almost two decades being in matrimony services, we are launching a complete job portal — ManyJobs.com, a different vertical altogether. This will be India’s first grey collar job portal for job seekers,” Matrimony.com CEO Murugavel Janakiraman said. 

He added that the company plans to expand the offering pan-India after “attaining success” in Tamil Nadu.

He said that a “lot of job openings” are available in the grey collar segment, which comprises customer service industry, sales, retail, hospitality sector. ManyJobs.com is eyeing to be an exclusive platform for frontline and entry level job seekers in the southern state. 

The new platform was launched at an event in Chennai by Tamil Nadu industries minister TRB Rajaa. 

“I congratulate ManyJobs.com for launching this initiative. I wish ManyJobs.com will create many, many jobs in Tamil Nadu. It is good to launch the service in the state as Tamil Nadu is the investment capital of India and we will create many more jobs here,” Rajaa said. 

Janakiraman said that the service would be available for “free” for job seekers, and the company plans to monetise the new platform by charging commissions from companies looking to hire employees. 

The CEO said that the diversified industrial base and availability of robust infrastructure in Tamil Nadu is the reason behind the company choosing the state for the launch of the platform.

Matrimony is also exploring a plan to collaborate with the state government to train freshers with relevant skills.

ManyJobs will pit Matrimony directly against Info Edge-backed Naukri. The two also compete in the matrimonial space, as Info Edge operates Jeevansathi.com.

The latest launch comes a week after the listed matrimonial major forayed into the fintech space to offer loans for weddings. The company plans to provide a platform for taking wedding loans in the range of INR 1 Lakh to INR 1 Cr in partnership with Tata Capital, IDFC First Bank, L&T Finance, TVS Credit, and Bhanix Finance and Investment. 

The two new offerings are expected to further bolster its top line and create additional streams of revenue for Matrimony.com. 

On the financial front, the Chennai-based company’s profit after tax (PAT) rose 5.6% to INR 13.2 Cr in the second quarter (Q2) of the fiscal year 2024-25 (FY25) from INR 12.6 Cr in the year-ago period. Meanwhile, operating revenue declined 5% year-on-year (YoY) to INR 115.5 Cr in the quarter under review.