India Online Roundup: Mirai Store launches private label, HS18 grows 325%

Mirai Store launches private label – Felicia for women

Bangalore based online retailer MiraiStore which raised $1mn in funding earlier has launched its own private label Felicia for women.

Designed and manufactured in Italy, the Felicia has been created for the young women and brings the latest in western fashion to India.

Founded by Ram Bhamidi, Asha Shridhar, Sankar Bora and Femina Prem, MiraiStore sells goods with a 24 hour shipping guarantee and offers brands like FCUK, Alcott, Free soul, Jealous 21 and People.

For men, the etailer gives options like casual, ethnic and party wears etc. under apparels including sunglasses, wallets, belts, scarves and mufflers in accessory section.

HS18 grows 325% over the corresponding quarter last year

HomeShop18, a division of Network18, has continued to scale across key operating parameters. As per company’s announcement, revenues of HomeShop18 (TV,  selling + ecommerce)  grew at over 325% over the corresponding quarter last year.

Commenting on the results for the quarter, B. Saikumar, Group CEO, said, “Our e-commerce businesses have turned in another stellar quarter doubling over the previous year.”

The group claims that revenues of HS18  grew at over 325% over the corresponding quarter last year with its eCommerce businesses and continues to maintain its leadership positions.

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