Latest News | Flipkart Shuts Down ANS Commerce, Lays off Workforce
Get latest articles and stories on Latest News at LatestLY. E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source.
New Delhi, Feb 28 (PTI) E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source.
Founded in 2017, the firm was providing all support including marketing tools, warehousing, etc to entities that wanted to sell their product online.
It was acquired by Flipkart in 2022.
When contacted, Flipkart confirmed the development.
"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," Flipkart said.
The number of employees impacted by the closure could not be ascertained. ANS Commerce had 600 employees at the end of FY2022.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)