Why was Letsbuy.com Sold for a Song? The inside story!!  Sachin
Bansal promoted Flipkart.com bought out E-Tree Marketing
promoted Letsbuy.com for a valuation of about USD 25 million
when they themselves were valued at around USD 1000 million just
a few months before that. Both companies had almost identical
business model, product list, look and feel. So why was there
such a big difference in valuation? What was really there for
flipkart in letsbuy whch is did not already have? Was it
customer base, vendor base, supply chain management, warehouses?
On all counts Flipkart would have been far superior and even to
a layman, there was really no value addition in real terms for
Flipkart in taking over letsbuy.   So what really happened?
Well did we miss out a very vital info? That both these
companies had two big VC or Common Angel Investors, Accel
Partners and Tiger Global. While these two invested close to USD
180 mil in flipkart over the previous two years, together with
another VC Helion Venture Partners, th