Walmart-backed e-commerce giant Flipkart closed down its Gurugram-based ANS Commerce business three years after its acquisition, for which the firm spent up to ₹300 crore, reported the news portal Times of India on Sunday, March 2.
“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,” said Flipkart’s spokesperson cited by the news portal.
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