About Letsbuy
Letsbuy is a company based in Bengaluru (India) founded in 2009 by Vinod Nangia, Inder Kumar Dhingra, Dinesh Nangia, Meenu Khattar, Vijay Nangia, and Rajesh Khattar was acquired by Flipkart in February 2012. Letsbuy has raised $6 million across 2 funding rounds from investors including Flipkart, Accel and Helion Venture Partners. Letsbuy operates in a competitive market with competitors including Newegg, Digicartz, AskmeA2Z, GearWale and Choosemychoice, among others.
- Headquarter Bengaluru, India
- Founders Vinod Nangia, Inder Kumar Dhingra, Dinesh Nangia, Meenu Khattar, Vijay Nangia, Rajesh Khattar
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Sectors
Retail
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Phone
Locked
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Website
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Social
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- Legal Name Etree Marketing Private Limited
- Date of Incorporation 22 May, 2009
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
Not available
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Net Profit
-$127.09 (USD)-2.61as on Mar 31, 2018
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EBITDA
-$127.09 (USD)-2.61as on Mar 31, 2018
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Total Equity Funding
$6 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
Jan 17, 2011
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Investors
Flipkart
& 3 more
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Employee Count
Not available
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Acquired by
Flipkart
(Feb 09, 2012)
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Funding Insights of Letsbuy
Letsbuy has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in January 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Letsbuy
Letsbuy has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Flipkart, Accel and Helion Venture Partners.
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Early to late-stage venture capital is invested in Indian sectors.
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Accel is recognized as a leading venture capital firm.
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Venture and private equity investments are managed with global diversification.
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Investor details for Letsbuy
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Investments & Acquisitions by Letsbuy
Investment portfolio details for Letsbuy
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Financial Statements - Letsbuy
Detailed financials for Letsbuy
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Letsbuy Comparisons
Peer comparison for Letsbuy
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Competitors of Letsbuy
Letsbuy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Newegg, Digicartz, AskmeA2Z, GearWale and Choosemychoice, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category electronic products are sold via an online marketplace.
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An online platform offering a wide range of consumer electronic products.
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Online platform for buying electronics, fashion, and home appliances.
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Online store selling smartphone accessories such as covers and tempered glass.
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Online platform selling electronics, accessories, and groceries to consumers.
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Detailed competitors of Letsbuy
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Latest news on Letsbuy
Complete news archive for Letsbuy
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Frequently Asked Questions about Letsbuy
Letsbuy was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Letsbuy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Letsbuy is a funded company, having raised a total of $6M across 2 funding rounds to date.
Letsbuy was founded in 2009 in Bengaluru, India, as an online retailer focused on computer technology and digital lifestyle products. Over 5,000 items from major international and domestic brands were offered through direct associations that enabled special deals. Operations centered on e-commerce sales in the consumer electronics sector. The company was acquired by Flipkart in February 2015 for an estimated 20-25 million.
Letsbuy has 4 investors. Key investors include Flipkart, Accel, Helion Venture Partners, and Tiger Global.