Network18 Media & Investments Ltd (Network18) has announced that OCP Asia (OCP Asia) has entered into an agreement to invest $15 million in its virtual commerce business, HomeShop18. Network18 will also invest a similar amount in the company. Network18 will continue to be the majority shareholder (51 per cent plus) in HomeShop18.
HomeShop18 launched India’s first 24-hour home shopping TV channel in 2008. Today, it provides an integrated virtual shopping experience on internet, television and mobile through HomeShop18.com and the HomeShop18 24×7 channel. HomeShop18 has over the years built an impressive portfolio of over 12 million SKUs across multiple product categories and a logistical reach of over 3,000 locations across India. It is one of India’s fastest growing virtual commerce companies with revenues more than doubling over the last year.
Source: http://cablequest.org/news/national-news/item/2134-homeshop18-raises-$30-mn-as-growth-capital.htmlSource: http://cablequest.org/news/national-news/item/2134-homeshop18-raises-$30-mn-as-growth-capital.html
Source: http://cablequest.org/news/national-news/item/2134-homeshop18-raises-$30-mn-as-growth-capital.htmlSource: http://cablequest.org/news/national-news/item/2134-homeshop18-raises-$30-mn-as-growth-capital.html
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