wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeShop18 Raises Around $30M From OCP Asia, Network18

TV and online commerce company HomeShop18 has raised around $30 million from hedge fund OCP Asia and Network18, in what appears to be, and is being positioned as, a valuation defining fund-raising. According to the announcement, the fund raising of $15 million from OCP Asia and "a similar amount" from Network18 values the company at $330 million. Network18 will continue to hold around 51% in the company following this investment. Other investors in the venture include SAIF Partners and GS Home Shopping. HomeShop18 is positioning itself as a virtual commerce business: across TV home shopping and on digital via homeshop18.com. The company claims a customer base of 6.1 Million, a portfolio of over 12 million SKUs across multiple product categories and a logistical reach of over 3,000 locations across India. There have been murmurs about HomeShop18 looking at an IPO,…

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

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

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

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

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...

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...

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