Ecommerce portal LetsBuy.com has received $6 million in venture capital funding from Helion Venture Partners, Accel Partners and Tiger Global. This is its first round of institutional funding - it received an undisclosed sum from angel investors in May 2010.
Interestingly, Accel Partners and Tiger Global have invested in another ecommerce portal - Bangalore-based Flipkart.com. Accel Partners India invested an undisclosed amount in Flipkart in October 2009 while Tiger Global invested $10 million in June 2010 in the portal. Rival Infibeam is seeking venture capital funding to fuel its platform business.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
