Flipkart Closes ANS Commerce 3 Year After Takeover, Lays Off Workforce

Flipkart has confirmed the closure, stating: "After careful consideration, ANS Commerce, a full-stack e-commerce enabler that was acquired by Flipkart in 2022, has decided to close its operations"

The exact number of employees affected by the closure is unclear. However, ANS Commerce had 600 employees at the end of FY2022, states the report

Source : Unsplash

E-commerce giant Flipkart has shut down its subsidiary, ANS Commerce, and laid off its entire workforce, according to a PTI report citing sources familiar with the matter. Founded in 2017, ANS Commerce provided a range of support services, including marketing tools and warehousing, to businesses looking to sell products online. Flipkart acquired the company in 2022.

Flipkart has confirmed the closure, stating: "After careful consideration, ANS Commerce, a full-stack e-commerce enabler that was acquired by Flipkart in 2022, has decided to close its operations. As we wind down operations, we stay committed to ensuring a smooth transition for all stakeholders, including employees and customers.”

“To minimize the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, outplacement services, and severance packages," the company added, as per the report.

The exact number of employees affected by the closure is unclear. However, ANS Commerce had 600 employees at the end of FY2022, states the report.

Flipkart Ventures Recent Investments

Meanwhile, Flipkart Ventures announced on Thursday that five startups have been selected for the third cohort of Flipkart Leap Ahead (FLA). The chosen startups are Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly. Flipkart’s investment arm stated that the flagship startup accelerator program aims to foster technological synergy within the startup ecosystem and accelerate the growth of early-stage ventures.

This edition, building on the success of the previous cohorts, focuses on startups driving advancements in AI and technology-driven solutions. The selected startups include Xportel, a cross-border e-commerce logistics platform that enables fast international deliveries to over 150 countries; Factors.ai, an AI-powered marketing intelligence platform providing account-based marketing (ABM) tools using cross-channel intent signals; and Expertia.ai, an AI-driven recruiting platform that helps companies source, identify, assess, and hire top talent globally.

Other startups selected for the cohort include Bharat Krushi Seva, an agritech company creating a traceable and ethical end-to-end value chain for fruits, offering everything from advisory services to output linkages; and Visa2Fly, a travel tech platform simplifying visa applications by providing end-to-end support, including documentation, processing, and travel assistance.