wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeShop18 To Buy Online Books Retailer CoinJoos: Sources

Update: Network18 sources have confirmed to MediaNama that the deal is done. We're still awaiting an official confirmation. You're reading it here first: Online retailer CoinJoos.com is being acquired by TV and online commerce company HomeShop18, MediaNama has learnt from multiple, reliable HomeShop18 sources. Calls and an SMS query to Narasimha Jayakumar, Business Head (E-commerce) at HomeShop18, had not elicited a response at the time of filing this report, and we're awaiting a response from a HomeShop18 spokesperson. CoinJoos was launched in November 2009 by OnGraph Technologies, and allows users to trade their books, movies and/or music for coins (virtual currency) and buy other products in exchange. HomeShop18 already retails books as a part of its e-commerce business. OnGraph also owns a social deals website called YouHaveDeal.com, but from what we understand, only CoinJoos is being acquired. OnGraph founder Nitin Gupta is travelling abroad and was also unavailable for a confirmation. Homeshop18 had been focusing on expanding its e-commerce business, and has recently revamped its online portal. The company has a strong logistics network and claims to deliver to more than 2750 locations in India. Our sources also said that it has expanded stocking to 30 more cities, which will enable it to carry out speedier and more reliable deliveries. HomeShop18 is something of an out-performer in the Network18 group of companies. According to Network18′s financial report for the Q4 FY11, the company’s revenues increased from Rs 51 crore that it registered in FY2009-10 to Rs 71 crore in FY2010-11. Although, HomeShop18′s quarterly…

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

Free Reads

News

The Bill allows the Attorney General or any district/ city attorney to seek injunctive or other equitable relief against a large online platform

News

The tech giant made it clear it doesn't share data from organizations using Azure OpenAI and Copilot to third-parties or use it to train...

Google

Among the selected organizations are Quill.org and the World Bank, both known for their work in AI-powered tools.

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