India’s E-commerce Giant HomeShop18 Reportedly Looking at U.S. IPO
According to Reuters, Indian e-commerce juggernaut HomeShop18 is discussing a possible U.S. IPO with institutional investors. The report cites unidentified sources as saying that ‘the process has just begun’ and talks with bankers and investors are underway.
HomeShop18 has been pretty productive over the past year, most notably launching a huge online bookstore after its acquisition of CoinJoos.com. But the Indian e-commerce space is indeed an increasingly competetive one, with strong domestic players like Flipkart and SnapDeal, not to mention online retail giant Amazon which launched Junglee.com two months back [1]. Even Wal-Mart is looking to get a piece of the pie, and is reportedly in talks with some e-commerce players about possible partnerships in India.
When we spoke to HomeShop18’s CEO Sundeep Malhotra last year, he didn’t appear phased by the increased competition in India, as he feels the market is big enough for all players to grow. Regarding a possible IPO, Malholtra tells Reuters:
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.
我々は株式公開を熱望しており、可能性としてはありえるが、現在そのことについて語るには時期尚早であるといえよう。我々は今のところいかなる期間や時間なども明確にすることはできない。
Currently the e-commerce market in India is said to be worth about $10 billion. But growth is somewhat hampered by poor internet infrastructure, and naturally the potential growth of e-commerce players – including HomeShop18 – hinges on that. Nonetheless consumer confidence is said to be growing, and the average shopper in India is willing to spend much more online than they were in the past.
Back in 2010 another Indian company, MakeMyTrip.com (NASDAQ: MMYT) went public with a U.S. IPO, and is currently on the lookout for potential acquisitions in the travel sector in order to improve its product offerings.
1. Junglee allows users to buy from other retailers, including HomeShop18.
去る2010年、もう一社のインドの企業であるMakeMyTrip.com(NASDAQ:MMYT)が、米国の新規株式市場にて上場したが、当企業は現在、提供商品の改善を試みるため、トラベル分野での買収の可能性を探している。
1.Jungleeでは、ユーザーは、HomeShop18などを含む他販売業者から購入することをできる。
2010年に戻ると、MakeMyTrip.com(NASDAQ:MMYT)という別のインド企業が、米国IPOを使って公開した、現在、自身の製品の改善のため、旅行の領域で企業買収の可能性を模索している。
1. JungleeはHomeShop 18などの別の小売業者からの商品購入を利用者に許している。
最後1文、訂正させてください。失礼致しました。→
1.Jungleeでは、ユーザーは、HomeShop18などを含む他販売業者から購入することができる。
いつもありがとうございます。了解しました。