Network18 Group, India’s fastest growing media and entertainment group that operates Indian business news television channels including CNN-IBN, CNBC TV18 and CNBC Awaaz, has invested in a $30m round in the TV18 Home Shopping Network.
OCP Asia, an Asia-focused alternative investment fund manager, also invested in the teleshopping and e-commerce arm of Network18 that runs under the HomeShop18 brand.
In 2009, Korea’s GS Home Shopping invested $18.5m for a 15% stake in HomeShop18 with Network18 infusing $5m to hold a 51% stake in the company at the time of the investment. Venture capital firm SAIF Partners is also an investor according to Network18’s website.