Flipkart is buying Letsbuy.com

[sujoyp]

This news is quit strange...they r the biggest e-commerce/online retail site in India...This buyout is a loss to consumers


Flipkart to finalize LetsBuy.com buyout deal

A report in MediaNama comes in as a confirmation to floating rumours, and it is true that popular online retail brand, Flipkart has bought LetsBuy.com for an undisclosed amount. Although the terms of the said deal haven't been disclosed, the report in an update stated that "LetsBuy’s valuation was between $20-25 million. Another suggests that it is upwards of $25-30 million, depending on the payout."

Source- > Flipkart to finalize LetsBuy.com buyout deal

 

[pkkumarcool]

wHAT weird!!!

 

[theserpent]

Wow!They are buying there toughest competitor? is it good or bad?

 

[Demon Lord]

If thats true,that ll make flipkart 'andre the Giant'

 

[gameranand]

Good for them bad for us.

 

[Demon Lord]

seems like a reaction to amazon.com launching in india

 

[ritvij]

its good, atleast now letsbuy's delivery times will be better!

 

[theserpent]

Good for them bad for us.

Why bad to us

 

[KDroid]

Why bad to us

Flipkart's pricing is a bit higher. With this deal, the only main competitor is going.

 

[sygeek]

This. Instead if abusing patents, just buy the competitor outright. No one will be at loss.

 

[sujoyp]

Its a real loss to us...due to competition the price comes down...now that biggest competitor is gone flipkart will dominate

 

[The Sorcerer]

Majority of the startups are made to attract others to buy them. Its nothing new, its like the least expected as many speculated amazon would buy out flipkart (and you might never know)

 

[Ronnie11]

isn't there any monopoly act in online sector??

 

[coolpcguy]

isn't there any monopoly act in online sector??

I fail to see how Flipkart's a monopoly.

 

[reniarahim1]

yaa...sad news..no competetors now...hope amazon comes up strongly to avoid market monopoly.

 

[Krow]

Let's face it. Letsbuy was very unreliable. Hope their service improves now.

 

[d6bmg]

If it is true, then very bad time lies before us. No competition in Indian market = unrealistic high price at flipkart.

 

[tkin]

Flipkart is no longer what it used to be, its prices have soared up, discounts on books have decreased, they had also stopped coupons for some time now, that's one more site going down, if they did not have COD they would have suffered a lot by now.

On a related news, ebay india now offers COD on some items.

 

[d6bmg]

On a related news, ebay india now offers COD on some items.

For example? I mean any tech related products?

 

[theserpent]

Lets just hope..flipkart keeps the discounts as it is...I have been observing a product in flipkart for the last 5 days..Each day the price is different once it was 435 then it became 520 now its back to 460

Hey guyz check letsbuy
There having a clearance sale
But what will flipkart achieve ?Only some more customers and revenue...Will they offer new products and more discount then?