HomeShop18.com news and archive

Sundeep Malhotra resigns as HomeShop18 CEO

Founder and CEO of HomeShop18 Sundeep Malhotra has put in his papers after serving the company for nine years, which saw him turn around the business to match the ecommerce era. He established HomeShop18 as a multi-screen digital platform that can be accessed across TV, web, and mobile devices by customers. As announced earlier, Sanjeev Agrawal,...

People

Sanjeev Agrawal of Skechers to take over as Homeshop18’s CEO

Tv shopping and e-commerce firm Homeshop 18's CEO Sundeep Malhotra has put in his papers, the company he had founded seven years ago. Sanjeev Agrawal, current MD of Skechers South Asia will step into Malhotra’s role. Agrawal with over 14 years of experience in the retail industry has been the CEO of Pantaloon and later served as CEO of Future...

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...

Apparel

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...

Apparel

India to witness online shopping touch $34 billion by ‘15

Online shopping in India which is at a nascent stage is poised to witness significant growth in the next few years. The industry is likely to touch 34.2 billion dollars (Rs 18,758 crores) by 2015. According to Homeshop18 data, in India around 27 million people are active mobile internet users. Currently 4 per cent are buying products, through...