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Flipkart gets jump on Amazon in India's e-shopping market
Flipkart buys Letsbuy in a cash-equity deal
Signalling consolidation in the Indian online retail space, leading e-commerce company Flipkart has acquired Letsbuy, a strong cyber player in the consumer electronics category. While the industry referred to the deal as an Amazon-Junglee effect, co-founder and CEO of Flipkart Sachin Bansal told Business Standard, "the discussions have been on for some time. So it would be incorrect to say that it's
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