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Letsbuyit.com looks for more cash

Online cooperative-buying retailer Letsbuyit.com is looking to raise cash through a strategic partnership with a high-street retailer by the end of the year, according to reports.

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LONDON (Brand Republic) - Online cooperative-buying retailer Letsbuyit.com is looking to raise cash through a strategic partnership with a high-street retailer by the end of the year, according to reports.

Letsbuyit.com said in August that it has enough cash to last until the middle of next year, but analysts believe that the company needs to raise between €80m (£46.39m) and €90m (£52.19m) to see it through to profitability.

www.letsbuyit.com



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