wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeShop18 Raises $23.5M From GS Home Shopping, Network18

GS Home Shopping, South Korea's largest home shopping retailer, has entered the Indian market with a strategic investment of $18.5 million in Indian peer HomeShop18. Homeshop18 parent company Network18 will also invest $5 million in the venture. The investment from and the strategic tie-up with GS Shopping is expected to help HomeShop18 counter the emerging threat from the still-being-piloted STAR CJ Network India, a 50:50 joint venture between News Corp owned STAR India and another Korean company, CJ Home Shopping. GS Shopping has been eying the Indian home shopping market since 2007. When we had contacted Network18 CEO Haresh Chawla earlier today, he had declined to confirm or deny the development. GS Home Shopping will hold 15% equity stake in Homeshop18, while Network18 will remain a majority shareholder with 51% stake on a fully diluted basis. Homeshop18 is something of an out-performer in the Network18 group of companies. For the quarter ended September 2009, it reported revenues from commissions of Rs. 108.38 million, doubling year on year, with gross sales have crossed Rs. 450 million in the quarter ending September 2009. Preparing For STAR CJ Competition With the launch of the STAR CJ network on the horizon, Homeshop18 has recently upped its distribution: previously it was primarily available on cable channels, but just two days ago, it accoIt appears that the Network18 company, which has primarily been available on cable channels so far, has announced a partnership with DTH networks Dish TV, Airtel Digital TV and Videocon's d2H services. It has now launched…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ