LetsBuy.com Raises 6 Million Dollars

LetsBuy.com is an an 'online shopping mall' by Tyroo and CafeGadgets founder Hitesh Dhingra. The company sells consumer electronic goods, home appliances to music players and digicam along with laptops other products. The company was founded in 2009 and based out of Delhi. The company raised over $6 million from Helion Venture Partners, Accel Partners & Tiger Global, Pluggd.in reports.

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LetsBuy

This investment makes the ecommerce game in India totally interesting. Recently, group buying giant GroupOn entered India by #-Link-Snipped-#. The existing players include Rediff Shopping, IndiaTimes shopping, Network18 along with the famous Flipkart.com that's recently expanded into mobiles and consumer electronics. Not to forget Infibeam.com, which sells everything from Laptops to Flowers in India.

Do you think e-commerce is getting traction in India?