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Tag: Sundeep Malhotra

  • Network18 appoints Sanjeev Agrawal as Homeshop18 CEO

    Network18 appoints Sanjeev Agrawal as Homeshop18 CEO

    MUMBAI: In order to strengthen its leadership and business, Network 18 has appointed Sanjeev Agrawal as CEO of Homeshop 18 with effect from 4 May, 2015. 

    He will be based in Noida.

    Homeshop18 founder and CEO Sundeep Malhotra will mentor Agrawal over the next several months while Malhotra transitions to another entrepreneurial opportunity within or outside RIL retail.

    Network18 group CEO AP Parigi said, “On behalf of the Board of the Homeshop18 and our valued partners SAIF, GS Home Shopping and OCP Asia – I wish to place on record the outstanding contributions made by Sundeep in establishing Homeshop18 as one of the India’s premium brands. I am delighted to welcome Sanjeev Agrawal to the Network18 Group. I wish him every success in his new role.”

     

    Malhotra added, “It’s been an amazing nine year journey and I feel privileged and blessed to have got this opportunity to not just build an outstanding business but to have worked alongside some of the finest colleagues, talent, investors and associates, without whose help this journey would not have been possible. Homeshop18 is today the undisputed market leader in the TV shopping genre and I wish Sanjeev and the entire team all the very best for the future.”

    Agrawal said, “Homeshop18 is a pioneer in its field and has a unique business model. Full credit to Sundeep and team to have built this business. Both the consumer and the industry are evolving at a rapid pace. I see Homeshop18 at the forefront of driving this change and maximising the opportunity. I am excited to be a part of this journey.”

    Agrawal comes with over 26 years of experience across FMCG, fashion and retail sector. He has held senior leadership positions at Future Value retail and Pantaloon Retail besides his FMCG stints at Balsara, Revlon, P&G, Godrej and HLL. In his last assignment he was managing director at Skechers South Asia.

  • HomeShop18 launches sale to celebrate 7th anniversary

    HomeShop18 launches sale to celebrate 7th anniversary

    MUMBAI: It’s time for celebration at HomeShop18 as the e-retailer celebrates its seventh anniversary. As the company celebrates its birthday, it has launched a special anniversary shopping extravaganza. 

     

    From 4 – 19 April, 2015, Homeshop18 offers customers with unbeatable deals on products across categories and with discounts of up to 70 per cent. Over and above that, customers can win lots of gifts. 

     

    One winner stands the chance to win the grand prize, a Mahindra Scorpio. HomeShop18 customers can also win over 100 Panasonic LED TVs and 25 TVS bikes and scooties during this birthday celebration. 

     

    Speaking on this celebratory occasion, HomeShop18 founder and CEO Sundeep Malhotra said, “This promotion is special for us as we celebrate HomeShop18’s seventh anniversary. The products have been especially cherry picked for this birthday promotion, keeping in mind the most preferred products across categories. This is our way of rewarding our valued customers for their unrelenting loyalty that we have enjoyed over the last seven years. They are equal stakeholders in our success and that’s why we present them this opportunity to shop at the lowest possible prices from the best of brands.”

     

    Malhotra further added, “To celebrate our seventh anniversary, we will also be launching the new look and feel of the channel. This is a vital milestone for us with many more exciting landmarks ahead.”   

     

    Some of the deals that customers can enjoy during the sale include discount of up to 70 per cent on home and kitchen products like casserole sets and multi-utility racks from Nayasa, Euroclean Litevac vacuum cleaners and Ezy Electric Insect Killers for the home.

     

    Men can revamp their wardrobes and shop for summer wear with discounts on denims by Trendz, Polo T-shirts by Teesort Xpress and formal shirts and trousers by BSL. For women, this shopping extravaganza has enticing offers on fashionable tops by Vvoguish, traditional heavy embellished sarees by Hiba, Kundan and Meenakari Jewellery Sets by Kavya, Lotus Herbals Whiteglow kit and much more.

  • Shilpa Shetty partners with Homeshop 18 for new saree collection

    Shilpa Shetty partners with Homeshop 18 for new saree collection

    MUMBAI: Shilpa Shetty, known for her immaculate dressing sense, has added a new feather to her cap. She has now turned into a designer and has launched her fashion brand Shilpa Shetty Kundra (SSK).

     

    The collection has been exclusively announced in partnership with HomeShop 18 and was launched at a special event in the capital recently. Shetty also walked the ramp wearing a sari from her new collection.

     

    Talking about the launch, she tweeted, “Excited to launch SSK sarees with India’s fav shopping channel. My first sari from the SSK line for Home shop 18 will be available from the 11 october.”

     

    Shetty also added, “In this exclusive collaboration, I’ve enjoyed experimenting with unique styles to suit different tastes. The SSK collection has been designed keeping in mind an Indian ethos with a modern twist, light fabrics and embellishments enhancing their richness, with the biggest prerequisite being budget-friendliness.”

     

    Sarees contribute to more than 25 per cent of the entire lifestyle range at HomeShop18 and the partnership with a film celebrity will further boost its brand presence.

     

    “We are adding to the festive cheer with our partnership with Shilpa Shetty Kundra for SSK line of designer sarees. It offers our customers a premium collection at affordable prices,” HomeShop18 CEO Sundeep Malhotra told PTI.

     

    Besides, the firm also aims to tap the growing interest for premium apparel from small cities like Dhanbad, Gulbarga, Gaya, Gorakhpur, etc.

     

    The firm launched India’s first 24 hour home shopping TV channel in 2008, while it ventured into online shopping in 2011 and introduced mobile shopping in 2013.

     

    Besides entering the fashion world, Shetty has also tried her hands in film production. She along with husband Raj Kundra co-produced the film Dhishkiyaoo in 2014.

     

  • 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.

  • 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.”

  • 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.

  • TV18 & SAIF’s Home Shopping Network appoints Sundeep Malhotra as CEO

    TV18 & SAIF’s Home Shopping Network appoints Sundeep Malhotra as CEO

    MUMBAI: Television Eighteen has appointed a chief executive officer for its yet-to-launch Home Shopping Network. Pepsi Foods Ltd executive VP- sales Sundeep Malhotra has been named as the CEO for the Home shopping channel.

    At Pepsi Foods LTD, Malhotra was spearheading Modern Trade & On Premise channels for Pepsi’s Indian subcontinent beverage businesses. Apart from his five year stint with PepsiCo, he also has over 15 years of experience in the retail industry, working with companies like Bata and Benetton, informs an official statement.

    Early this year, TV18 had announced the launch of the Home Shopping Network in association with the SAIF Partners.

    According to TV18 CEO Haresh Chawla says “Sundeep brings with him an immense knowledge of both consumer behaviour and fast changing channel and sales dynamics which are critical for this business. I am confident that his robust consumer orientation and his diversified retail and organised trade experience, will give Home Shopping Network a cutting edge.”