Flipkart shuts down ANS Commerce, lays off employees

Flipkart is reportedly shutting down ANS Commerce, an e-commerce enabler it acquired in 2022. Despite a revenue increase to Rs 54 crore in FY24, the decision was influenced by widening losses of Rs 73.8 crore. This move includes layoffs among ANS Commerce employees and aims to ensure a smooth transition for all stakeholders.

​Flipkart is reportedly shutting down ANS Commerce, an e-commerce enabler it acquired in 2022. Despite a revenue increase to Rs 54 crore in FY24, the decision was influenced by widening losses of Rs 73.8 crore. This move includes layoffs among ANS Commerce employees and aims to ensure a smooth transition for all stakeholders.