The global home shopping market size reached US$ 3,581.7 Billion in 2022. Looking forward, the market is forecast to reach US$ 7,986.6 Billion by 2028, exhibiting a growth rate (CAGR) of 14.6% during 2023-2028. Home Shopping Market Trends:
The considerable expansion in the e-commerce sector, the increasing proliferation of internet and smartphone users, and the rising need for online shopping to purchase consumer goods are some factors primarily driving the market growth. This can be further attributed to the escalating disposable incomes, changing consumer preferences, and easy access to such platforms. Moreover, the shifting consumer inclination toward home shopping, owing to its multiple benefits, such as enhanced convenience, better deals, and a secured payment interface, is acting as another growth-inducing factor. Additionally, the widespread adoption of home shopping models by businesses instead of brick-and-mortar systems to reach and serve a broader consumer base, especially during the COVID-19 pandemic, is contributing to the market growth. Furthermore, the advent of augmented reality (AR) shopping in the retail industry for a virtual demonstration of products, personalized navigation, greater consumer engagement, and online trials are propelling the market growth. Other factors, such as extensive celebrity endorsements, ongoing product sales through online mediums, and strategic collaborations amongst key players to enhance user interface (UI), are creating a positive outlook for the market. Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global home shopping market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type and market type. Breakup by Product Type:
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group, Amazon.com Inc., Best Buy, Ebay Inc., Flipkart Internet Private Limited, Naaptol Company, The Home Depot Inc, VGL Group and Walmart Inc.
Key Questions Answered in This Report
What was the size of the global home shopping market in 2022? What is the expected growth rate of the global home shopping market during 2023-2028? What are the key factors driving the global home shopping market? What has been the impact of COVID-19 on the global home shopping market? What is the breakup of the global home shopping market based on the market type? What are the key regions in the global home shopping market? Who are the key players/companies in the global home shopping market? Key Attributes:

Home Shopping Global Market Report Forecasts 2023-2028: Profiles of Leading Players Alibaba, Amazon, Best Buy, Ebay, Naaptol, The Home Depot, VGL and Walmart

Text Size:
A+
Jaipur (Rajasthan) [India], April 18 (ANI/GPRC): Vaibhav Global Limited (VGL) is elated to announce that its subsidiaries Shop LC (US) and Shop TJC (UK) have launched the second edition of ‘Catapult: A global product search program’ in collaboration with RangeMe- a globally recognized platform aiming at discovering new and innovative products. The first edition of Catapult was a huge success having received hundreds of product ideas globally. Our top 11 finalists got the chance to sell their innovative products on our proprietary live TV channels across the US and UK. VGL Group, being present in ~102 million households across US and UK, will provide an opportunity to the participants to incubate, create and showcase innovative products on our TV and digital platforms. Participants can leverage our in-house manufacturing capabilities and experienced business personnel to identify and bring to market the latest and most innovative products from around the world. The application window has been opened from 14th April 2023 and will close on 15th May 2023. To apply for CATAPULT please visit TJC’s and Shop LC’s websites as follows:
“We are excited to announce the launch of the second edition of Catapult, following the great success of our first program,” said Kulathendral, Chief Innovation Officer at VGL. “Our goal is to continue identifying the most promising startups in the Fashion Jewellery and Lifestyle products category including Health, Wellness, Supplements, Mobility, Beauty, and other innovative lifestyle products and provide them with the necessary resources and mentorship to achieve success. Through this program, we aim to foster innovation and help entrepreneurs bring their ground-breaking products to market. We can’t wait to see what the next generation of entrepreneurs will bring to the table!” says Kulathendral, Chief Innovation Officer, Vaibhav Global Limited. “RangeMe is proud to partner with TJC and Shop LC on CATAPULT, and we are excited to help retailers discover new suppliers and bring innovative products to their customers,” said John van der Valk, RangeMe Europe’s CEO. “Through this program, we hope to allow suppliers to expand their reach and access new markets while providing TJC and Shop LC with fresh, innovative products to offer to their customers.”
This story is provided by GPRC. ANI will not be responsible in any way for the content of this article. (ANI/GPRC)
This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content. Subscribe to our channels on YouTube & Telegram
Support Our Journalism
India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that. Sustaining this needs support from wonderful readers like you. Whether you live in India or overseas, you can take a paid subscription by clicking here .

VGL Group launches the second edition of ‘Catapult: A Global Product Search Program’

Mohammed Farooq
Vaibhav Global Limited, a multi-national electronic retailer and manufacturer of fashion jewelry and lifestyle accessories, announced the appointment of Mohammed Farooq as Group Chief Technology Officer of the company, with effect from March 10, 2023. Mohammed will be operating out of the Austin, Texas office and will oversee VGL Group’s IT initiatives and support strategies, a statement said. According to the company’s exchange filing, “Vaibhav Global Limited is announcing the joining of Mr. Mohammed Farooq as Group Chief Technology Officer with effect from 10th March 2023.”
Mohammed Farooq has over 20 years of experience in the technology industry, including leading global tech companies. Prior to joining VGL Group, Mohammed Farooq served as the Chief Product and Technology Officer for Andromeda 360 (Austin, Texas), directing product roadmap and market strategy. Mohammed Farooq was also instrumental in building and implementing Hybrid Multi-Cloud Management platforms and Cloud Operating Model for IBM’s clients, a statement said. “With a successful track record of delivering innovative solutions and leading technology teams, we are excited to welcome him to our leadership team,” according to the company’s statement. Ashish Nain

Vaibhav Global appoints Mohammed Farooq as Group CTO

CentralNic Group proposed acquisition of VGL Verlagsgesellschaft mbH

21 Concordia invests in VGL
July 4, 2018
21 Concordia, a private equity fund from 21 Partners group, acquired a 40% stake in the leading Polish freight forwarding and logistics operator – VGL Group Sp. z o.o. VGL Group operates in several segments of the transport & logistics service market and employs about 450 people. The Company forwards about 55,000 TEU and processes over 90,000 FTL orders per year. It also conducts logistic operations on 12,000 sqm of rented warehouse storage area. The Group focuses also on retail and consumer products segments, providing complex supply management services to its key clients. VGL’s diversified customer base includes over 4,500 clients. The Group operates through 17 locations in 14 cities located across Poland with the headquarters in Gdynia, and has 3 offices in China (Hong-Kong, Ningbo, Shanghai). Sebastian Sołtys (CEO) together with Supervisory Board Members and VGL’s long-time founders – Grzegorz Dobkowski and Marcin Gruchała, together with 21 Concordia team will implement a joint strategy supporting dynamic development of the Company through:
- strengthening current operations through technology enhancement and effective cross-selling of VGL logistic services,
- international expansion,
- further development of added value services (i.e. container trucking segment). Dariusz Górka, the Managing Partner of 21 Concordia commented: "VGL is an excellent investment opportunity with high growth track record and perspectives backed by an increasing tendency of enterprises to outsource logistic operations to professional service providers offering fully integrated solutions. We look forward to working with VGL’s highly skilled management team to write a new chapter in the company’s development "
"We have chosen 21 Concordia as our financial investor because of common vision of growth, experience in market consolidation and the entrepreneurial approach of the Fund. We are convinced, that 21 Concordia will support us in growing our business in Poland and entering new market segments and geographies." ─ said Grzegorz Dobkowski, co-founder, current shareholder and a Member of the Supervisory Board of VGL Group. Sebastian Sołtys, President of the Management Board of VGL Group added: "Partnership with 21 Concordia represents a new phase in our growth story. We believe, that with the professional support of the Fund, we will be able to accelerate the Company’s growth and benefit from dynamic development of logistics market."

21 Concordia invests in VGL

21 Invest is a private equity firm. It focuses on investing in European mid-market companies. The company invests in companies operating in the business products and services, customer products and services, healthcare, and financial services sectors. 21 Invest was formerly known as 21 Partners. The company was founded in 2011 and is based in Treviso, Italy.

21 Invest

Sebastian Sołtys , President of the Management Board of VGL Group added : „ Partnership with 21 Concordia represents a new phase in our growth story .

VGL Group – Executive Board of VGL GROUP announces that 40% stake has been acquired by 21 Concordia

PEKAES

Merger

VGL Group is a Polish logistics service provider. It is a holding company that focuses on sea air rail, supply chain, road, and distribution. The company was founded in 2000 and is based in Gdynia, Poland. In July 2022, VGL Group merged with Ligentia.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
7/18/2022	Merger		Ligentia	$99M	0 FY undefined	3
5/14/2018	Private Equity		Subscribe to see more	$99M	0 FY undefined	10

Date	7/18/2022	5/14/2018
Round	Merger	Private Equity
Amount
Investors	Ligentia	Subscribe to see more
Valuation	$99M	$99M
Revenue	0 FY undefined	0 FY undefined
Sources	3	10

First funding	Last Funding	Investor	Rounds	Board Seats	Type	Location
7/18/2022	7/18/2022	Ligentia	1 Merger		Corporation	United Kingdom
00/00/0000	00/00/0000	21 Invest	Subscribe to see more		Private Equity	Italy

First funding	7/18/2022	00/00/0000
Last Funding	7/18/2022	00/00/0000
Investor	Ligentia	21 Invest
Rounds	1 Merger	Subscribe to see more
Board Seats
Type	Corporation	Private Equity
Location	United Kingdom	Italy

Wells Fargo Success Story

Professional Services

Platform Overview

VGL Group

Investors Count

Funding, Valuation & Revenue

VGL Group Investors