Is Flipkart.com planning to pull the plug on Letsbuy.com?

No one knows what the exact issue is however; it certainly indicates that Letsbuy is in a big mess and might shut shop soon.

(prHWY.com) March 24, 2012 - delhi, India -- In Feb-2012 Flipkart.com acquired Letsbuy.com for an estimated $25 million (Rs.125 crore). There were a number of speculation surrounding the deal with many saying it was due to VC pressure (both shared the same investor Helion& Tiger) to save the ailing Letsbuy while someanalyzingthat the move would plant Flipkart in the online electronics commerce firmly which it is struggling to breakthrough for a whilewithLetsbuy being the leader in this space. Also, this would ensure that other upcoming players like Snapdeal, Yebhi, TIL properties, Smile Group ventures will stand very little to none chance to complete with now mightier than before Flipkart in the Indian eCommerce space where everyone is fighting to get the biggest pie.

Here comes the Scoop!
Everything looked normal on the surface of this deal however; I sense that there is something fishy going on inside with many or should I say most Letsbuy employees searching for a safe place (read job) desperately. From the information I could gather; Letsbuy employees are on a rampage and are not leaving any stone unturned to grab any new opportunitythey can get their hands onto. Pretty obviously some of them are really sought after by the competitors as is the case anywhere but the surge is really high at this point of time with people referring some of the Letsbuy employees.

There are a lot of unanswered questions with prominent ones being:
1. Is Flipkart apparently shutting down Letsbuy?
2. Was this Flipkart's strategy from the start?
3. Is this a long term plan where Flipkart want to kill all the other smaller fishes one at a time?
4. Are they scared of some potential threat?
No one knows what the exact issue is however; it certainly indicates that Letsbuy is in a big mess and might shut shop soon.

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