FlipKart buys LetsBuy to Compete with Junglee for $20 – $25 mln

Flipkart.com, Top Indian retail website, acquired Letsbuy.com in order to compete with the Amazon’s new Indian Shopping Site Junglee.com.¬†Flipkart havent disclose the value, but a person with direct knowledge have said it was in the range of $20 million to $25 million.¬†Letsbuy is India’s second largest retailer in electronics, Flipkart said.

Junglee.com – Indian Version of Amazon

Several rumors were going on and finally Amazon.com has started his Indian Shopping Site named as Junglee.com which is currently features more than 12Million products across 14,000 brands in 35Category which includes Phones, TV, kitchen and Home productsm movies, music and a lot of veriety.