Flipkart To Acquire LetsBuy.Com, Online Shopping Portal
According to some media reports by some media houses Online Retailer Flipkart is all set to acquire it main competitor LetsBuy.com. Flipkart is one of the leading online retailers in India that sells everything on Internet. In fact it is one of few Indian companies that have promoted E Commerce market in India.
From last few years it was facing tough competition from LetsBuy especially in Mobile Phone and Tablets. However it should also be noted that Letsbuy has a better inventory and buyers can easily get the required products on demand where as Flipkart was not able to maintain the wide range of products.
Hence Flipkart has decided to acquire Letsbuy.com and is hopeful that it will definitely increase it business in years to come.
