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Matrimony.com opens IPO for Indian wedding matchmaker

Bloomberg India’s biggest online matchmaker opened its initial public offering, selling shares in Matrimony.com Ltd. for about $15 a piece. Backed by Silicon Valley investor Bessemer Venture Partners, Matrimony.com expects to raise as much as $78 million with the IPO closing. The startup has already raised funds from Goldman Sachs India Ltd., BNP Paribas Arbitrage and Baring Private Equity India ...

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WeWork sues China over trademark row

Bloomberg WeWork Cos. is escalating a legal fight against UrWork with a US lawsuit, accusing the rapidly expanding Chinese rival of infringing on its trademarks. The US startup, which has been valued at about $20 billion, filed a lawsuit against UrWork in New York, saying it copied parts of its name and logo. That follows a separate legal action taken ...

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They kill for a piece of Pakistan property pie

Bloomberg Perween Rahman was returning home one evening in March 2013 from her job as head of the Orangi Pilot Project, which for years has pushed land title claims for Karachi’s poor, when she was shot three times by a gunman. Rahman died as she was rushed to hospital by her friend and colleague Anwar Rashid. “He was a sharp ...

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