According to Wallis Partridge, Indian E-retailer and TV shopping portal, Homeshop18 is to raise capital with a rights issue on the NASDAQ.
West Kowloon, Hong Kong., April 15, 2014 - (PressReleasePoint) - Wallis Partridge says the flurry of tech sector, internet and e-commerce IPOs continues apace as TV shopping portal and e-commerce company, Homeshop18 becomes the latest of a number of India’s online retailers to tap investors for capital with a public offering.
The company is part of the Network18 group which is one of India’s fastest-growing media and entertainment groups that runs the country’s leading business news channels.
“India’s e-commerce space is very exciting place to be right now especially considering its small size in relation to the sheer size of the country’s population” said a Wallis Partridge analyst. “The market’s size is set to grow beyond $20 billion within the next 5 years so there are a lot of fundamental factors supporting the optimism among investors for tech stocks out of India,” he continued.
Homeshop18 has raised capital from investors before including $14 million from Korean TV shopping outfit, GS Home Shopping to and $26 million from private equity group, SAIF Partners. Wallis Partridge believes that this latest round of capital raising will help the company position itself for the inevitable and like rapid expansion of India’s online retail and e-commerce market.
“To say that we’re bullish on the potential for the Indian e-commerce market would be the understatement of the year so far,” opined the Wallis Partridge analyst. “Without doubt, the country’s had its fair share of challenges with inflation at a level the government finds ‘uncomfortable’ not to mention the dreadful rout the Rupee suffered last year but e-commerce will take off fantastically among the growing middle classes,” he concluded.
About Wallis Partridge:
Wallis Partridge is a wealth management practice that provides performance-related investment management, financial consulting and planning services to high net worth individuals and institutional investors by offering high yielding investment opportunities in a broad array of asset classes to our clients. We deliver prudently selected investment products to grow our clients' wealth in a timely manner.
We have a proven track record in anticipating the markets and investing in innovative companies that have performed well above their peers over the long term and have created efficiencies of scale to accelerate growth potential. For many years we have been in the vanguard of delivering contemporary investment strategies that produce unusually high returns on capital.
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