Flipkart is buying Letsbuy.com

[Kola2842]

Wtf ! I hate rumors.

[arnab.d287]

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

[Krow]

Originally Posted by 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.

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]

Originally Posted by 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.

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]

Originally Posted by funskar

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]

Originally Posted by Anish

When I last inspected, Flipkart does manufacture nothing.

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

Originally Posted by Krow

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]

[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.

[Anish]

Originally Posted by bubusam13

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

Since you've compared flipkart with harddisk manufacturers, I tried to tell that manufacturing competition is different than reselling competition.

[d6bmg]

[bubusam13]

Man !! use logic. Should I write here a huge explanation. Be it Hard Disk manufacturers or resellers, competition is everywhere. Competition may be different but it leads to one conclusion "Low price better quality". Now you can count on this statement to get what I am talking about. Competition will lower prices.

[Cybertonic]

@d6bmg Nice one.

I doubt that this would have been approved in USA. Letsbuy was indeed strong competition for flipkart. Now any other left except junglee(amazon india), ebay, infibeam?

[Extreme Gamer]

Originally Posted by Krow

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

Flipkart has made three major blunders already with my orders...of which one was a bad comedy of 200 different errors...

If a 7970 that costs more than a 6990 is only a slight price increase for you...then I have nothing at all to say to you.

[Anish]

Originally Posted by bubusam13

Man !! use logic. Should I write here a huge explanation. Be it Hard Disk manufacturers or resellers, competition is everywhere. Competition may be different but it leads to one conclusion "Low price better quality". Now you can count on this statement to get what I am talking about. Competition will lower prices.

Spoiler:

No offense bro.. but I tried to say that the thing about hard disk is manufacturing - (A new company started should invest hell a lot of money) and we know there are no competitors
But a reseller always has competitors if flipkart buys letsbuy too, it has competitors such as koovs, indiavarta, indiaplaza, snapdeal, suleka etc. And starting such business is also not costly when compared to manufacturing hard disks..

anyways.. the discussion ended...and its told that its a rumor. cool

[Krow]

Originally Posted by Extreme Gamer

Flipkart has made three major blunders already with my orders...of which one was a bad comedy of 200 different errors...

If a 7970 that costs more than a 6990 is only a slight price increase for you...then I have nothing at all to say to you.

If I were you, I would report the price problem to Flipkart instead of thinking of it as a major unforgivable blunder.

As for the bad experiences, you probably are just unlucky (read bad experiences with Flipkart, your motherboard and what not). Their services have mostly been reliable (check online shopping guide and feedback thread). The best part is that they acknowledge their errors and own up to them (in my experience over the past year or so).

If you judge a website by your experiences only, then it applies only to you. Not everyone else in India.

[tkin]

Originally Posted by d6bmg

For example? I mean any tech related products?

CASH ON DELIVERY - SIMPLE STEPS TO PURCHASING - eBay India

[bubusam13]

Cool... no room for rumors. Discussion ended. Thread should be closed.

[d6bmg]

Originally Posted by tkin

CASH ON DELIVERY - SIMPLE STEPS TO PURCHASING - eBay India

Thanks for the link.

[Sarath]

Originally Posted by bubusam13

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.

Flipkart is cheaper than the local shop but not as cheap as you want it to be. That's where letsbuy comes into picture.

[Faun]

There is nothing like the luxury of having your product delivered at your doorstep and that too on COD. Some people prefer that.

[bubusam13]

Originally Posted by Sarath

Flipkart is cheaper than the local shop but not as cheap as you want it to be. That's where letsbuy comes into picture.

I don't agree with you. Look for Logitech C110 webcam on Flipkart, Rs 904. I bought locally for Rs 720. Look Intex Night Vision webcam Rs 656, locally available for Rs 400. Look for cabinet CM Elite 310. There are other products also like RAM, PSUs priced high.
Though most are low, few are highly priced.

Originally Posted by Faun

There is nothing like the luxury of having your product delivered at your doorstep and that too on COD. Some people prefer that.

Yes, he he. One reason I Use Flipkart. Plus I save on Petrol ha ha

[Soumik]

Some how among my 6 purchases from Letsbuy so far.. I have received perfect delivery with online payment as well as COD. I have nothing to compain against them. And this deal for me is real bad. I trusted only Flipkart and Letsbuy for online shopping.. and mostly ended up buying from Letsbuy due to cheaper prices. This deal can only be because Letsbuy was increasing their inventry like anything.. offering a lot more products than Flipkart, and with higher prices, Flipkart would soon have lost hopes of survival. To avoid that, they needed to buy the comparatively new Letsbuy. This will help boost their business as well as help them compete against the new boys in town like Adexmart and others. Plus, if Amazon.com is starting in India, it is a big threat to both of them, that may have led to the merging of the two.

[bubusam13]

While Letsbuy, along with its 350-member team, will continue to function independently, it can now access Flipkart’s technology platform and supply chain capabilities.

Flipkart buys Letsbuy in a cash-equity deal

Hope price don't increase. Else it would be great.

[ssk_the_gr8]

MUMBAI: In a big consolidation move for the burgeoning Indian e-commerce market, the poster boy of Indian online retail - Flipkart.com - has bought out electronics retailer Letsbuy.com for an estimated $25 million. Both sites are backed by common investors - Tiger Global Management and Accel Partners. Although no details were made available by the company or the investors about the deal value and the structure of the transaction, TOI has learnt that Letsbuy.com had been on the block for a while and was looking for a valuation of about $80-85 million but had to finally resort to a distress sale after finding no takers at that price.

People familiar with the situation said the online portal, which was founded in 2009 by Hitesh Dhingra and Amanpreet Bajaj, was in desperate need of funding but could not muster it from the existing investors. When asked about investors wanting to push for this consolidation, Sachin Bansal, CEO & co-founder, Flipkart.com, told this paper, "We will not be doing anything which is not in line with our long-term business goals. All investors have been supportive as they see value creation for both companies. Helion, the lead investor at Letsbuy, also believes that the combined strength of the two leading players is formidable. While we do not have a set budget for acquisitions, if the time and price is right (as was the case with this deal) we will be open to more such opportunities." Bangalore-based online retailer Flipkart, which started off as an online book seller but now has a diversified product line, has been eyeing a $1-billion valuation.

TOI has also learnt that another online start-up, Exclusively.in, backed by the same investors (Accel, Tiger and Helion), has sacked several employees and is up for sale. The founders of the fashion flash sales site are now focusing their resources on their private label portal, SherSingh.com. "Currently we are running Exclusively.in but we are focusing on our private label business which requires less human capital," said Sunjay Guleria, CEO & co-founder, Exclusively.in and SherSingh.com, which has raised $19million so far.

so we see consolidation already taking place.. FK is going to grab a really large pie of the market

source

[Extreme Gamer]

Originally Posted by Krow

If I were you, I would report the price problem to Flipkart instead of thinking of it as a major unforgivable blunder.

Who said price problem is a blunder?? re-read my post- I said they made blunders with my orders.

[Krow]

Rewrite your post. What you think and what you type are two different things. :-P

[Kola2842]

So its not rumor...

[bubusam13]

I have written to flipkart about their price problem. In case of complaint for orders, they take action promptly. But in this case they didnt take any action, the price of cabinets, psu and webcam are as it is.