::::HomeShop18 to raise $100 million through US listing::::

<img src=&quot;http://www.indiadigitalreview.com/sites/default/files/homeshop18.com-logo.jpg?1335358382&quot; border=&quot;0&quot; alt=&quot;Image&quot; width=&quot;320&quot; height=&quot;160&quot; align=&quot;left&quot; /><p><span style=&quot;outline-width: initial; outline-color: initial&quot;>HomeShop18</span>, the ecommerce and TV shopping brand from Network18, is planning to get listed in the US and raise about $100 million,&nbsp;<span style=&quot;outline-width: initial; outline-color: initial&quot;>reports</span>&nbsp;Reuters. The group is in talks with institutional investors, including private equity firms for pre-IPO placement and to take up shares as part of the listing plan.</p><p style=&quot;outline-style: none; outline-width: initial; outline-color: initial; margin-top: 0.6em; margin-right: 0px; margin-bottom: 1.2em; margin-left: 0px; padding: 0px&quot;>HomeShop18 has a current revenue of Rs 750 crore ($142.13 million) and sells everything from mobile phones, laptops and televisions sets to apparel and lifestyle products. It plans to set up warehouses with a size of 1 million square feet and is in the process of carrying out internal evaluations.</p><p style=&quot;outline-style: none; outline-width: initial; outline-color: initial; margin-top: 0.6em; margin-right: 0px; margin-bottom: 1.2em; margin-left: 0px; padding: 0px&quot;>&ldquo;We have ambitions to get listed and are open to it but it is premature to talk about it now. We cannot give any timeframe on that at the moment,&rdquo; Sundeep Malhotra, Founder and Chief Executive Officer, HomeShop18 has said.</p><p style=&quot;outline-style: none; outline-width: initial; outline-color: initial; margin-top: 0.6em; margin-right: 0px; margin-bottom: 1.2em; margin-left: 0px; padding: 0px&quot;>Between 2007 and 2008, HomeShop18 raised $26 million from private equity fund SAIF Partners in two tranches and in 2009 it raised $18.5 million from South Korean home shopping retailer GS Home Shopping.</p><p style=&quot;outline-style: none; outline-width: initial; outline-color: initial; margin-top: 0.6em; margin-right: 0px; margin-bottom: 1.2em; margin-left: 0px; padding: 0px&quot;>&nbsp;&ldquo;We will focus on investments in technology and operational capabilities like a strong and efficient backend&hellip;We are hoping our business will be three times the current size in the very next year,&rdquo; Malhotra said.</p><p>&nbsp;</p>

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