Indian eCommerce Giant HomeShop18 Grabs $30 Million In Backing

HomeShop18, an Indian eCommerce site specializing in home shopping, has raised a $30 million funding round, according to VentureBeat.

Hedge fund manager OCP Asia and Network18 contributed equally to the round. An earlier Reuters report states that HomeShop18 is aiming for a $100 million IPO.

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