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Tag: Homeshop18

  • Acquisition by RIL not to affect listing of HomeShop18 in NYSE

    Acquisition by RIL not to affect listing of HomeShop18 in NYSE

    NEW DELHI: Homeshop18 is to be listed on the New York Stock Exchange, and the fact that Reliance industries has acquired Network18 which holds 54.5 per cent in Homeshop18 is not expected to bring about any change of plans.

     

    In fact, Homeshop18 CEO Sundeep Malhotra has assured his employees that its $75M IPO and the future of its management team will not change. However, it is learnt that three board members will change. There are expectations that Reliance may in fact double the IPO.

     

    The concern of the employees flows out of the fact that many of them have stock options in the firm.

     

    According to Homeshop18’s filing, in the TV18 HSN Holdings Limited Employee Stock Option Plan 2008 it says, “As of September 30, 2013 options for a total of 2,486,500 ordinary shares were outstanding, of which options for a total of 2,111,500 ordinary shares had vested and options for a total of 2,070,750 ordinary shares had become exercisable. As of September 30, 2013, 209,750 ordinary shares had been issued upon exercise of options granted under the plan.”

     

    Following the preliminary filing with the Securities and Exchange Commission (SEC) this April, the company is expected to submit a revised offer document soon.

     

    NW18 HSN SEC, registered in Cyprus, is not expected to receive any proceeds from the sale of ordinary shares. However, the parent company NW18 which will be participating in the IPO will provide funds in rupee equivalent of $42.3 million to HomeShop18 from the proceeds, and HomeShop18 can use these funds to purchase equity interest in its Indian subsidiary.

     

    HomeShop18 in October 2013 entered into a $14-million follow-on funding round with Korea’s GS Home Shopping (GS) funds managed by OCP Asia Ltd (OCP Asia) and Network18.

     

    NW18 continues to be the majority shareholder (54.5%) in HomeShop18. SAIF Partners (25.2%), GS Home Shopping (17.1%) and OCP Asia (6.4%) are the other existing investors.

  • Madison Media Group wins HomeShop18 Media AOR

    Madison Media Group wins HomeShop18 Media AOR

    MUMBAI:  Madison Media Group has been appointed as the media AOR (Agency on Record) for Homeshop18, a shopping channel from the Network 18 group. The account will be handled by Platinum Media in Delhi. The account was previously handled by Mindshare and the estimated media spend is in the range of Rs 30 crore.

    Commenting on the win, Platinum Media CEO Basabdatta said, “We are delighted with this new win and are confident that we can add strategic value in building the HomeShop18 brand in the country.”

    On the development, HomeShop18 chief marketing officer Vikrant Khanna said, “Homeshop18 is proud to be associated with Madison, which is the leading media planning agency in the country. I am confident they will be a strong partner in our journey to become India’s leading virtual commerce player. Having worked with Madison in the past I know that Madison is best equipped to help us  reach our intended audience in the most economical and integrated way.”

    Madison Media has been on an account winning spree, having recently won a host of new businesses including Raymond Apparel, Piramal Healthcare, Epic Channel, McCain Foods, Ruchi Soya, Max India’s corporate account, Café Coffee Day, Radikal Rice and Crompton Greaves.

    The gross billing of Madison Media is about Rs. 3000 crores.

  • GS Home Shopping Leads Funding Round in HomeShop18 Company Raises USD 14 Million of Growth Capital

    GS Home Shopping Leads Funding Round in HomeShop18 Company Raises USD 14 Million of Growth Capital

    NEW DELHI: HomeShop18, India’s leading virtual commerce business, announced that it has closed a USD14 million follow-on funding round with GS Home Shopping (GS), funds managed by OCP Asia Ltd. (OCP Asia) & Network18. GS will invest USD 11 Million; OCP Asia & Network18 will invest the remaining amount. The transaction values HomeShop18 at USD 360 Million.

    Network18 will remain the majority shareholder (51%) in HomeShop18. SAIF Partners, GS Home Shopping and OCP Asia are the other existing investors at HomeShop18. GS is the third largest Home Shopping company in the world and the market leader in Korea.

    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 24×7 TV channel. Since inception, HomeShop18 has acquired a customer base of 7.5 Million. It has built an impressive portfolio of over 12 million SKUs across multiple product categories and a logistical reach of over 3,000 locations across India. Homeshop18 is one of India’s fastest growing virtual commerce companies with revenues having more than doubled over the last year.

    Announcing the transaction, Sundeep Malhotra, CEO, HomeShop18 said, “This round marks an inflexion point for the business as the company rapidly moves towards profitability while continuing to scale up revenues. It is gratifying to see the vote of confidence in our business model from GS and the continued support of OCP and our Promoter, Network18.”

    Huh Tae Soo, CEO and President, GS Home Shopping said, “We are delighted to invest further in HomeShop18, India’s leading virtual commerce company. We believe that HomeShop18 is well positioned to capitalize on the Indian consumer opportunity and we look forward to supporting the company with our global experience. “

    Raghav Bahl, Managing Director, Network18 said that, “We are pleased to see that the business continues to grow strongly and that profitability is firmly on the horizon. A significant amount of value has already been built in the business and we are very excited about future prospects as the business continues to scale rapidly. GS has been a great partner in generously sharing their unique insights and expertise to help grow the business. We look forward to their continued support.”

    BMR Advisors acted as transaction advisors to the company.

  • Television business props up Network 18 Q1-2014; prevents further reddening

    BENGALURU: Network 18 Media & Investments Limited (Network 18) reported a profit after tax (PAT) of Rs18.9 crore in Q1-2014, as compared to a loss of Rs 90 crore in Q1-2013.

    Results from three of the four revenue segments of the media and entertainment player reported losses, with television playing the lone hand in keeping profits for Q1-2014 buoyant and positive. Though Network 18 reports combined figures for Television and Motion Pictures, company officials confirmed that Motion Pictures had also added to Network 18 losses.

    Despite showing revenue growth, the other two segments -digital content and e-commerce business; and allied businesses also pulled down profits for Q1-2014.

    Let us take a look at the figures for Q1-2014

    Operating revenue for Q1-2014 stood at Rs 556.6 crore on a reported basis.

    The corresponding figure for Q1-2013 was Rs 435.6 crore, hence showing a 28 per cent growth for Q1-2014. Operating revenue during Q1-2014, was however lower by 18 per cent as compared to the Rs 679.6 crore for the preceding quarter Q4-2013.

    Revenue from the television and motion business at Rs 437.4 crore was 47.2 per cent higher than the Rs 297.2 crore for Q1-2013 but about 8.6 per cent lower than the Rs 511.3 crore for Q4-2013.

    Revenue from digital content and e- commerce at Rs 106.9 crore grew 46.8 per cent as compared to the Rs 72.8 crore in Q1-2013, and was about 3.2 per cent lower than the Rs 110.4 crore during Q4-2013.

    Revenue for Q1-2014 from allied businesses fell 37.7 per cent to Rs 65.6 crore from Rs 105.3 crore in Q1-2013 and 36.7 per cent from Rs.103.6 crore in Q4-2013.

    Digital content and e-commerce reported a loss of Rs 43.5 crore. Allied businesses reported a loss Rs 9.9 crore and Rs 9.2 crore were contributed to the losses from discontinued operations. Television and Motion picture business propped up the company with an operating profit of Rs 23.8 crore. The company turned in a profit after tax of Rs 18.9 crore for the quarter.

    Network18 managing director Raghav Bahl said, “The macroeconomic environment continues to be challenging and growth prospects remain uncertain. Despite this backdrop, our core TV and digital businesses turned in a steady performance. We continued the profitable monetisation of our investments and raised growth capital in HomeShop18. There were pockets of weaknesses in our portfolio and we are committed to improving segments that are not meeting expectations. We have a strong portfolio of media businesses and remain confident of unlocking its value for our stakeholders”.

    Network 18,group CEO B. Saikumar said, “The core television and digital businesses got off to a stable start in the new fiscal year. Our entertainment broadcasting business showed strength and the e-commerce businesses grew strongly. While our news and infotainment businesses have seen distinct softness in advertising, our entertainment businesses led by Colors have performed well on this front. Motion pictures have seen losses this quarter and the management is confident of stemming them in the immediate term. Net distribution revenues from IndiaCast are on a strong growth trajectory and we continue to be enthused by its growth potential. Our e-commerce businesses continued their stellar growth and the digital content business grew steadily as well. We remain confident of delivering a strong year ahead.”

  • HomeShop18 introduces Virtual Shopping Wall at Delhi airport

    MUMBAI: HomeShop18 has associated with Delhi International Airport (Dial) to introduce a Virtual Shopping Wall named ‘Scan N Shop‘ which offers premium merchandise to consumers at Terminal 3 (T3) domestic side of New Delhi‘s-IGI Airport (IGIA).

    Around 45000 passengers depart daily from T3 of IGIA with each having an average of 60 minutes at hand before boarding a flight.

    With this HomeShop18 virtual shopping wall, the passengers will be able to view range of products like consumer electronics, mobiles, tablets, clothing, accessories, fashion jewellery, and perfumes on dynamic screens.

    HomeShop18 has brought in world leading technology to the market with this innovation.

    At HomeShop18‘s virtual shopping wall, Scan N Shop flyers will be able to order by simply scanning the QR code displayed against each item or over the phone at the call centre. HomeShop18 has also enabled the convenient cash on delivery payment method to drive trials and will follow it up with mobile payments subsequently.

    HomeShop18 Founder & CEO Sundeep Malhotra explains, “With the Virtual Shopping Wall, HomeShop18 embarks on the next major journey into mobile-commerce (M commerce). By bringing M-commerce to India, HomeShop18 is taking the convergence of mobile and retail to a new high. The brand today offers the widest portfolio of products, addressing a wide range of consumer needs.

    “Backed by extensive R&D, HomeShop18 is reinforcing its commitment to innovation in offering the best customer experience. The idea behind ‘Scan N Shop‘ is to enable tech-savvy, smart-phone and tablet users to experience a smart new way of shopping. In Dial, we have found a true innovator as a partner. T3 is a marvellous lifestyle destination and ‘Scan N Shop‘ couldn‘t have found a better location.”

  • Homeshop18 awards Eleven Brandworks its creative biz

    Homeshop18 awards Eleven Brandworks its creative biz

    MUMBAI: On air and online retail brand Homeshop18 has appointed Eleven Brandworks as its creative partner following a multi-agency pitch.

    Eleven Brandworks has been entrusted with the duty of building and establishing a strong ‘HomeShop18’ brand across the verticals of TV, web and mobile.

    Homeshop18 CMO Rashmi Berry said, “Eleven Brandworks displayed the right combination of creativity & agility, both critical in the highly competitive and cluttered E-commerce space. We look forward to building a compelling & differentiated brand with them with their highly talented team of rofessionals.”

    Eleven Brandworks is a full service agency based in Mumbai and Gurgaon, founded three years ago by Prateek Bhardwaj who was earlier a creative director from McCann-Erickson. Its client list includes Tata Mutual Fund, Times Group, Big FM, Archies Ltd, NDTV Goodtimes, Sportsfit and Star Plus.

    Bhardwaj said, “Homeshop18 is already a household name in India. Eleven Brandworks’ mandate is to create a robust integrated strategy for the brand and help carve a distinct dotcom brand out of it too.”

  • TV 18’s national news ops break even in Q3

    TV 18’s national news ops break even in Q3

    MUMBAI: The national news business of TV18 Broadcast has attained break-even status while losses continue to kick in from regional news operations.

    TV18‘s general news operations on a combined level, however, posted an operating loss of Rs 16 million for the fiscal third quarter, reversing from a profit of Rs 71 million in the earlier year. The loss in the second quarter of this fiscal was lower at Rs 7 million.

    Operating profit from the business news segment has narrowed to Rs 108 million for the three months ended December 2011, from Rs 225 million a year ago.

    TV18‘s operating loss from combined news operations was Rs 162 million, reversing from a profit of Rs 296 million in the earlier-year quarter. Revenue grew to Rs 1.67 billion compared to Rs 1.53 billion a year ago.

    In the general news segment, revenue rose to Rs 773 million, from Rs 744 million in the third quarter of the previous fiscal. For business news, revenue stood at Rs 876 million, up 11 per cent.

    Revenue from infotainment channel History 18, which was launched in the third quarter of this fiscal, stood flat at Rs 22 million. The channel posted a loss of Rs 253 million.

    Digital business continued to be in the red with the loss widening almost 51 per cent to Rs 322 million. Revenue rose 10 per cent to Rs 584 million.

    Web18 recorded revenues of Rs 263 million, a growth of 21 per cent over the corresponding quarter last year on a proforma basis. Newswire18 delivered revenues of Rs 108 million for the quarter, and HomeShop18 Rs 213 million, a growth of 28 per cent over the corresponding quarter last year.

    On a consolidated basis, TV18 Broadcast posted a net loss of Rs 535 million for the fiscal third quarter , mainly due to new channel launches.

    The company‘s consolidated net profit in the same quarter of the earlier year stood at Rs 198 million.

    Revenue increased to Rs 3.43 billion, up from Rs 2.36 billion a year ago.

    TV18‘s consolidated numbers include 100 per cent standalone and AETN18, 50 per cent share of Viacom18 and 50 per cent share of IBN Lokmat.

    The company‘s shares closed at Rs 31.30, down 2.03 per cent on the BSE.

  • SRK ties up with HomeShop18 for Ra.One merchandise

    SRK ties up with HomeShop18 for Ra.One merchandise

    MUMBAI: Shah Rukh Khan has tied up with Homeshop18, to showcase Ra.One merchandise on a special series on the home shopping channel.

    With the deal in place, exclusive offers and gift hampers on the original merchandise will be available on the channel‘s website.

    As official shopping partner of Ra.One, HomeShop18 will sell the original movie merchandise through both its 24 hours home shopping channel and ecommerce portal, www.homeshop18.com.

    Khan said, “I would like everyone to watch the movie and bring home G.One. It gives me immense pleasure to collaborate with HomeShop18 as the association would help us reach out to the masses with our super-movie. Through this association, we are trying a new form of movie marketing in India, much like the practice in Hollywood. We want our audiences to not only get entertained by Ra.One but also get a chance to own a piece of the movie as they shop in the comfort of their homes.”

    “HomeShop18‘s retail setup is a significant boost to the movie industry and we look forward to partnering with them for our future projects,” he added.

    HomeShop18 founder and CEO Sundeep Malhotra added, “We are excited to partner with Red Chillies for the biggest release of this year, Ra.One as its shopping partner. SRK wanted to take the merchandise to families across the country and we are happy to provide him with the platform. Ra.One merchandise and toys would make for an excellent gifting option along with our ongoing Diwali Dhamaal promotion,”

    The merchandise includes gift hampers like Ra.One action figure, G Balls, Ra.One Frisbee, pencil box, lunch box, stationary set, notebooks, sipper set, exam board, coin bank, toy laptops, fridge magnets, wristbands, key chains and car danglers.

  • HomeShop18.com unveils its new TVC

    HomeShop18.com unveils its new TVC

    MUMBAI: eCommerce portal www.homeshop18.com today launched its new TV commercial titled “India Shops Online at HomeShop18.com”.

    The new commercial has been produced by Cell18 under the direction of Zubin Driver.

    The campaign thought has been created to resonate the eCommerce company‘s aim of rapid growth and success among customers. The spot targets all demographics but focused on youth.

    HomeShop18 CEO Sundeep Malhotra said, “This commercial is reflective of our deep focus on the ecommerce domain and is meant to accelerate the growth of the ecommerce category and of homeshop18.com as a consequence, being the clear leader. In this commercial you will find a clear leader-like tonality and a deep association of ecommerce and homeshop18.com, through the intelligent use of the “click” both visually and in the audio.”

    The TV commercial is the first in a series and has been produced in a 30-second format with 15 second versions to follow. It is learnt that there will be more TV commercials to follow under the “India Shops Online at HomeShop18.com” theme.

    The company has recently been in news for having acquired a books etailer called “coinjoos.com” and also for raising funds worth Rs 1 billion.

  • CNBC-TV18 to launch Business Trivia Challenge

    MUMBAI: JP Morgan Asset Management is launching a three-month long business quiz contest Business Trivia Challenge to be run simultaneously on CNBC-TV18 and moneycontrol.com.

    Business Trivia Challenge will have five shows each day with a business trivia question posed to viewers. Winners will receive CNBC-TV18 signature golf accessories, a weekly bumper cash prize of Rs.100,000 and gift vouchers from Homeshop18 and yatra.com.

    TV18 business media director Ajay Chacko said, “There is also need to create interactive and entertaining properties so as to improve viewer involvement levels and deliver a value-added experience to the viewers.”