TVC Skyshop company logo

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tvcskyshop.com

Founded Year

2000

Stage

Unattributed VC - II | Alive

Total Raised

$7.93M

Valuation

$0000 

Last Raised

$1.6M | 9 yrs ago

About TVC Skyshop

TVC Shopping is a telemarketing companies engaged in sales and distribution of wide range of products in different categories, including electronics, beauty and wellness, sports and fitness, home appliances, and jewellery and accessories. The company markets products to Indian consumers at affordable prices offering full value for money.

TVC Skyshop Headquarter Location

TVC House, Khandwala Center, Daftary Road, Malad (East) Maharashtra

Mumbai, 400 097,

India

860-233-5786

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Latest TVC Skyshop News

DealCurry.com : Morpheus Fund Makes Additional Investment In TVC Skyshop

Nov 26, 2013

Private Equity | 21 November 2013 Morpheus Fund Makes Additional Investment In TVC Skyshop by Pranali Shah   @Pranali_Shah After the recent fund raise, consumer retailing platform TVC Skyshop has raised an additional R10 Cr from Morpheus fund, Iamwire states. The investment values the multi-channel virtual retailer at R500 Cr. Morpheus Fund had acquired 8% stake in TVC Skyshop for R42 Cr. The company is planning for acquisitions before it goes for the next fund raise. With the funding, it has already expanded its footprints in the Middle East region where it is running a pilot project ‘A very low cost and risk operations’ before making any serious investments. The company chose West Asia for its first overseas destination due to various reasons such as low costs, especially for delivery, and high penetration and usage of credit cards. Founded by Vinod Agarwal in 2000, TVC Skyshop is a telemarketing companies engaged in sales and distribution of wide range of products in different categories, including electronics, beauty and wellness, sports and fitness, home appliances, and jewellery and accessories. Samara Capital had invested in TVC Skyshop in 2007 and holds a 22% stake in the company. Currently TVC Skyshop has more than 50 lakh customers and had reported a revenue of INR 69 Cr for the March ending 2013. The retailer had acquired an existing pharmaceutical manufacturing unit from Ankur Drugs Ltd in 2008 and renamed it as TVC Life Sciences. It manufactures beauty and wellness products, to be marketed exclusively by TSS. Headed by former IMG India Chief - Babul Nayar, invests between R40 Cr and R50 Cr, for a 5% to 15% stakes in ventures, across segments such as food, personal care retail, over-the-counter pharmaceuticals and apparel.The fund expects to make 10 investments over its life-cycle, with periods ranging between three and five years. Last July, Morpheus Capital Advisors raised R475Cr for its final closure of its consumer goods focused fund. Recently, its competitor Homeshop18 raised $14 Mn in funding led by existing investors Korean home shopping major, GS Home Shopping, OCP Asia Ltd and Network18. Sequoia To Invest In Girnar Software Sequoia Capital is likely to invest over $15 Mn for a 20% stake in Girnar Software which runs websites like Cardekho, Bikedekho and Pricedekho, TOI states. The funding which values the company around $75 Mn will be utilized to fuel its international expansion plans. Little Black Book Delhi Gets Seed Funding Little Black Book Delhi (LBBD), an online city and lifestyle guide, has secured $150,000 in its seed round of funding from a group of angel investors including Google India's Rajan Anandan, Outbox Ventures's Niraj Singh, MakeMyTrip co-founder Sachin Bhatia, Singapore Angel Network and Vadehra Art Gallery’s Aseem Vadehra.

TVC Skyshop Web Traffic

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Page Views per User (PVPU)
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TVC Skyshop Rank

  • When was TVC Skyshop founded?

    TVC Skyshop was founded in 2000.

  • Where is TVC Skyshop's headquarters?

    TVC Skyshop's headquarters is located at TVC House, Khandwala Center, Daftary Road, Malad (East), Mumbai.

  • What is TVC Skyshop's latest funding round?

    TVC Skyshop's latest funding round is Unattributed VC - II.

  • How much did TVC Skyshop raise?

    TVC Skyshop raised a total of $7.93M.

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