Flipkart shuts its arm ANS Commerce, lays off entire workforce
ANS Commerce had 600 employees at the end of financial year 2022
New Delhi: E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source.
The Walmart-owned company had acquired ANS in 2022 to strengthen its ecommerce playbook.
The number of employees impacted by the closure could not be ascertained. ANS Commerce had 600 employees at the end of FY2022.
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 minimise the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, outplacement services, and severance packages,” Flipkart said.
Founded in 2017 by Amit Monga, Nakul Singh, Sushant Puri and Vibhor Sahare, the direct-to-customer (D2C) firm was providing all support including marketing tools, warehousing, etc to entities that wanted to sell their product online.
