Flipkart is buying Letsbuy.com

[Demon Lord]

Its official now,Flipkart has acquired Letsbuy. Sachin Bansal,flipkart co-founder told in a press conference. Howeva the deal amount is undisclosed.

 

[abhidev]

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

if the prices hike...we'll get it from the local vendors what say???

 

[Krow]

Really guys, stop it with the monopoly crap. There are enough e-retailers around to provide competition. Flikart's service was undoubtedly the best so it had no competition anyway. As for pricing, yes it is increasing but you can't always get the best service for the least price. There is always some trade-off. I think price is a minor trade-off for peace of mind,

 

[theserpent]

Really guys, stop it with the monopoly crap. There are enough e-retailers around to provide competition. Flikart's service was undoubtedly the best so it had no competition anyway. As for pricing, yes it is increasing but you can't always get the best service for the least price. There is always some trade-off. I think price is a minor trade-off for peace of mind,

Ya your right flipkart has the best delivery and service,Who knows the deal might keep the prices less.

 

[Alok]

Good , its giant now.

 

[bubusam13]

Its too bad. In many instances, Flipkart price is higher than lets buy. And Flipkart doesn't have discount coupons

 

[Krow]

^Decide what you want. Cheaper price or better service. Once you do that, you wil be happy.

 

[bubusam13]

And if we want peace of mind, then better buy from retail store.
Most people buy online because its cheap. Yesterday I bought Logitech C110 webcam which price on Flipkart is Rs 900+, in eBay RS 699+shipping(Rs 50) and I bought it from a local shop at Rs 720.

 

[funskar]

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



Source- > Flipkart to finalize LetsBuy.com buyout deal

chk it ..
Flipkart acquiring LetsBuy is a rumor: Hitesh Dhingra — Entrepreneur India

 

[bubusam13]

WOW !! Great to hear that. We really need tough competitors. Else the situation will be like Hard Disk manufacturers with no tough competitors and price seem like never going to fall back.

 

[Alok]

Wtf ! I hate rumors.

 

[arnab.d287]

NO real Competitor will be out there and prices will not be checked.. Bad for us

 

[Krow]

And if we want peace of mind, then better buy from retail store.
Most people buy online because its cheap. Yesterday I bought Logitech C110 webcam which price on Flipkart is Rs 900+, in eBay RS 699+shipping(Rs 50) and I bought it from a local shop at Rs 720.

Nice way to miss the point. I was talking about online stores. Better to know for sure that your order will reach in time than wait for days and fight with customer care.

 

[Sarath]

To all those ranting...Imagine...if letsbuy bought flipkart?

Letsbuy's days were numbered anyways. Their discounts ended and their service apathies were growing.

 

[Anish]

WOW !! Great to hear that. We really need tough competitors. Else the situation will be like Hard Disk manufacturers with no tough competitors and price seem like never going to fall back.

When I last inspected, Flipkart does manufacture nothing.
and there are many competitors - even the local dealers are competitors for the products sold @ flipkart.

@sarath: I remeber your woes about letsbuy service long back

 

[d6bmg]

chk it ..
Flipkart acquiring LetsBuy is a rumor: Hitesh Dhingra — Entrepreneur India

Ah! At last! Peace of mind.
Competition = better service.

 

[thetechfreak]

Just read it via Digits twitter channel that the acquisition had been completed.

 

[bubusam13]

When I last inspected, Flipkart does manufacture nothing.

I am not talking about Flipkart manufacturing anything. Flipkart is a online reseller and not manufacturer.

Nice way to miss the point. I was talking about online stores. Better to know for sure that your order will reach in time than wait for days and fight with customer care.

I agree Flipkart have complete peace of mind and COD adds to it.
I just want to say what we expect from a online store --"Cheap and secure delivery without any hassle", else local shop is better. If Flipkart is pricy, people will go to shops and not online via Flipkart. As far delivery is concerned, you are right, Flipkart is best.

 

[Faun]

*29.media.tumblr.com/tumblr_luaa4eiDBO1qbkfyho1_400.png

 

[Vyom]

The way I see the merger is that, two of the giants are getting married. So, I am expecting better results.

If Flipkart's awersome service combines with the low prices and discounts of Letsbuy, that would have a potential to kick a$$ every major online retail shop including Amazon.

But if it becomes the other way round... then Amazon zindabad.

Flipkart should not forget that, we as consumers will have choice.