Launching Manyjobs.com, Matrimony.com Enters the Job-Search Sector

Nitin Konde, Varun Bhardwaj

Nov 26, 2024 — 3 min read

Manyjobs.com: Matrimony.com’s New Job-Search Platform Debuts

Murugavel Janakiraman, the CEO of Matrimony.com, launched India's first matchmaking website more than 20 years ago, and now he's entering the job search sector. Manyjobs.com, the newest of Matrimony.com's stables, aims to link recruiters and job seekers seeking entry-level or "frontline" positions in this "grey-collared" sector, as Janakiraman refers to it.

In an exclusive interview with a media channel, Janakiraman stated that the company recognised a market opportunity in the grey-collar job-search market. Manyjobs.com is a dedicated job portal for the grey-collar workforce, which makes up 45% of India's total workforce. The company asserts that this is not just another job portal.

Entering at the Right Time

According to the matchmaking tech expert, there is a gap that has to be filled, so now is the ideal moment to enter the job-search market. He noted that while there weren't many job openings nearly 20 years ago, there are now openings because job openings have also gone up. The firm's challenge is to bridge the gap in the grey-collar job market by connecting recruiters and job seekers.

According to Janaikraman, manyjobs.com will focus on filling openings in industries including customer service, retail, sales, business process outsourcing (BPO), and healthcare. He is of the opinion that the website's primary distinguishing feature is that incumbent employment portals, such as Monster.com and Naukri, do not exclusively focus on entry-level or front-line positions.

Not Monetising Manyjobs.com

It's interesting to note that Janakiraman has no plans to make money off of Manyjobs.com for at least the next two quarters: Revenue is not the company's goal; instead, it recognises the current need for a dedicated grey-collar job portal. He went on to say that the company would start making money from it in a few quarters. Some companies are willing to subscribe, but it's too early to discuss that at this time, he noted.

Now, it is hoped that Manyjobs.com would reach its benchmarks and start placing applicants as well. If everything goes according to plan, Matrimony.com will expand its new website into new Indian markets by Q1FY26 and intensify its ambitions to build a dedicated job platform for grey-collar occupations.

Matrimony.com Introduces a Financial Platform to Provide Financing for Weddings

On 15 November, Matrimony.com, a matchmaking service provider, announced the launch of weddingloans.com, a financial technology platform with the goal of assisting with marriage-related expenses.

To provide a full lending solution, the company has worked with top financial institutions like Larsen and Toubro Finance, Tata Capital, and IDFC. According to an official statement released by Matrimony.com, this platform will do more than just provide wedding loans; it will assist clients in making the best choice possible, paying particular attention to their financial security.

Since wedding costs have increased over the past ten years and extravagant weddings have become more popular due to social media, many couples are choosing to take out personal loans for their union, according to the WeddingLoans website.