FlipKart shuts down LetsBuy post acquisition


First MasterCard logo used from 1979–90.

First MasterCard logo used from 1979–90. (Photo credit: Wikipedia)

Flipkart purchased LetsBuy.com in Feb 2012 and now they are going to integrate its operation to its parent website.

LetsBuy.com founders:-Hitesh Dhingra (founder and CEO) and Amanpreet Bajaj (co-founder and COO).

Investors:- Manish Vij, the co-founder of the Vun Network

Nitin Gupta (former country manager, South Asia at MasterCard and former president and COO at Rediff.com) had made angel investments in LetsBuy.com.

Similarly SnapDeal had shut down eSportsBuy.com.

http://www.jaggi.in

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