The future of deeply troubled Letsbuyit.com looks a little brighter after securing new investors.

The last few months have been rather shaky for the discount shopping site and it looked as though Letsbuyit.com would join the ranks of failed dotcoms, after narrowly avoiding bankruptcy last month.

Customers who have not been able to buy goods from the site for over three months, can now look forward to the site reopening. Letsbuyit.com has assured users the site will be up and running as soon as possible.

Letsbuyit.com was unwilling to comment on who the investor is, but said the cash injection was in the region of £30m.