CrazyPricing acquires majority stake in CafeGadgets

Delhi based CrazyPricing, a consumer electronics retail chain has acquired majority stake in CafeGadgets, online retailer of gadgets and gizmos.

CafeGadgets has a registered user base of over 1 lakh customers and was also powering CrazyPricing site.

What’s happening in retailing space?

Many of the offline stores are looking to expand to the Internet world (very recently, Picsquare secured funding from Bhola Digital Labs.)and are looking for a good deal. Many of such Internet portals haven’t been able to gain major traction (aren’t you surprised that seventymm has only 70K customers?) and are maybe, available for a cheap price.

What’s your opinion?

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