Update: Surajit Agarwal has also recently joined Web18 as Managing Editor of Tech2.com, Compareindia.com and Chip India, Web18 Informs us. Agarwal is a veteran of the Consumer and Enterprise Technology spaces, having been with Cyber Media India for almost 4 years in various capacities (Editor, Cyber News Service; Senior Sub-Editor, Dataquest; Senior Asst-Editor, DQ Week Delhi), and having worked with Global Sources in Philippines, Reed Business Information Asia, Zdnetindia.com and as Head, Online and New Media for Chandamama.
Earlier: Arunava Sinha will be joining Nework18 group company Web18 as Head of IBNLive and CricketNext, Web18 CEO Surya Mantha has confirmed to MediaNama. Sinha joins from NDTV Convergence, where he was Chief Product Officer. At the time of filing this report, he was not available for comment, but according to our sources, is expected to join Web18 in early January.
Sinha is expected to fill the editorial vacuum left by the resignation of Roshan Tamang, who left to join Indiatimes as VP (Content & Convergence), and get involved with products development. Mantha declined to comment on Sinha’s role, saying that it is too early too comment on it. Sinha is a veteran in the digital and media space, having previously worked as Chief Product Officer at Naspers owned MIH India (Ibibo), as Executive Producer at Indiatimes, and Group Editor at Indya.com, according to his LinkedIn profile.
As we had reported last week, Shop.in.com, the ecommerce vertical at Web18s portal In.com was going to be powered by sister concern HomeShop18. The switch has now taken place. Remember that Shop.in.com was previously StoreGuru.com. At the time of the StoreGuru launch, in January 2008, I had asked (at ContentSutra) about why Web18 needs another shopping portal, and why it doesn’t tie up with HomeShop18, Network18s other shopping business? Almost two years later, the question has been answered, it seems. This is the right move from Web18.
HomeShop18 does appear to be among Network18s recent successes, reporting gross revenues of Rs. 450 million in the quarter ending September 2009, and handling 230,000 orders in the quarter before that. So they have the infrastructure and wherewithal to deal with large number of transactions. HomeShop18 recently raised $23.5 million from GS Home Shopping, and expanded its channels distribution to DTH.
— E-Commerce Restructuring At Web18; Some Execs Asked To Leave
— Web18 To Raise $10 M From Nokia Growth Partners; Growth Capital? Profitability?
— HomeShop18 Raises $23.5M From GS Home Shopping, Network18