Homeshop18 raised its last round of funding in July 2016. New Delhi: E-commerce company Homeshop18 on Thursday entered into an agreement with home shopping network Shop CJ Network Pvt. Shop CJ is an equal joint venture between South Korean home shopping company CJO Shopping Co. Ltd and P5 Asia Holding Investments (Mauritius) Ltd from the Providence Equity Partners group. Under the deal, shareholders of Shop CJ will be issued 25% equity in HomeShop18, making Shop CJ a subsidiary of HomeShop18. Homeshop18 raised an undisclosed sum in its last round of funding in July 2016.

Source: Mint September 28, 2017 18:22 UTC