HomeShop18 news and archive

Manish Kalra is the new Chief Executive Officer of Homeshop18

The board of directors of TV18 Home Shopping Network has appointed Manish Kalra the new Chief Executive Officer of Homeshop18. Kalra joins Homeshop18 at a critical yet promising stage in its journey when it has merged business with Shop CJ, thereby becoming the largest Television Home shopping Brand in India. Manish brings with him extensive...

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Homeshop18 secures funds in round two

Homeshop18 has raised Rs 85.40 crores through a follow -up funding round with GS Home Shopping (GS), funds managed by OCP Asia and Network18. GS will invest Rs 67.10 crores, OCP Asia and Network18 will invest the remaining amount and the entire transaction is valued at Rs 2,196 crores. GS is the third largest Home Shopping company in the world...

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Homeshop18 aims to make profits in FY14

Homeshop18, the online and on-air retail platform of Network18 Group is looking to break-even in fiscal ’14, after witnessing a CAGR of around 80 percent over the past five years. In the sixth year of its operations, the company has witnessed over 100 percent growth in revenues for FY13 at over Rs 1,000 crores, and is hopeful of registering...

Apparel

Homeshop18’s virtual wall to boost sales

After raising funds worth 30 million dollars (about Rs 160 crores) from OCP Asia, Homeshop18 is keen on expanding its virtual network apart from taking up various marketing initiatives to boost sales. It’s introduced a virtual wall that is attracting consumers to the portal. The platform stands ahead in the e-commerce war with its various...

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Homeshop18 gets fresh round of capital

OCP Asia, which manages hedge funds, along with Network18 has invested a fresh round of capital worth 30 million dollars (Rs 163 crores), in one of India’s oldest ecommerce brand Homeshop18. OCP Asia will invest 15 million dollars (Rs 81 crores) into the company, matched by an equal contribution from Network18. While the transaction values...

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Homeshop18.com awarded for retail excellence

India's leading e-commerce player, Homeshop18.com has been awarded at the ET Now Awards for 'Innovative Retail Concept’ of the year and 'Retailer of the year: E-Commerce and Online'. Homeshop18.com has received the award for outstanding performance as an e-tailer. It was selected from amongst 75 nominations. Over time, Homeshop18 has come to be...

Apparel

Homeshop18.com adds lingerie store

HomeShop18.com, India’s largest e-commerce company has added lingerie and innerwear category by launching one of the biggest online lingerie stores in India. Earlier this year, HomeShop18 acquired Coinjoos.com, a books vertical to strengthen its product portfolio. HomeShop18.com will offer brands like Lovable, Bwitch, Bodycare, Groverson’s,...