Flipkart shuts down ANS Commerce, lays off employees, says: As we wind down operations, we …

Flipkart is reportedly shutting down ANS Commerce, its full-stack e-commerce enabler. According to a report in Entrackr, Flipkart has decided to shut down ANS Commerce, its full-stack e-commerce enabler, three years after acquiring the Gurugram-based company. “Flipkart has decided to shut down ANS Commerce and has also laid off several employees associated with it,” said the report quoting sources.

The decision comes despite a 39.4% increase in ANS Commerce’s operating revenue to Rs 54 crore in FY24, though its net loss widened to Rs 73.8 crore.