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Flipkart Acquires Letsbuy; Common Investors Get Consolidated Play

VCCircle
Flipkart.com, the largest online retailer in India is buying out Letsbuy.com, a specialised e-commerce site run by two and half year old start-up eTree Marketing Pvt Ltd. The deal marks yet another consolidation move in a bustling e-commerce industry in India that has seen a string of sites folding up recently even as many others are attracting hyper interest from venture capital and private equity investors. read more
Mentions: Samsung Matrix Partners Future Group