Flipkart Shuts Down ANS Commerce, Lays Off Employees

Indian e-commerce giant Flipkart has officially shut down its subsidiary, ANS Commerce, leading to the layoff of its entire workforce.

Flipkart had acquired ANS Commerce in 2022. While the exact number of affected employees remains undisclosed, the company had a workforce of approximately 600 employees at the end of the 2022 fiscal year.

Flipkart Pledges a Smooth Transition for Employees and Stakeholders

Confirming the development, Flipkart issued a statement: “After a thorough evaluation, ANS Commerce, a full-stack e-commerce enabler acquired by Flipkart in 2022, has decided to cease operations. As we wind down the business, we remain committed to ensuring a seamless transition for all stakeholders, including employees and customers.”

The company further stated: “To minimize the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, provide outplacement services, and offer severance packages.”

About Flipkart

Flipkart is an India-based e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. Initially launched as an online bookstore, Flipkart gradually expanded into a large marketplace offering products across various categories, including electronics, fashion, home essentials, and more.

In 2018, U.S.-based retail giant Walmart acquired a 77% stake in Flipkart for approximately $16 billion, making it the majority shareholder. This acquisition became one of the largest deals in India’s e-commerce sector.

Flipkart is one of India’s leading e-commerce platforms, competing with major players like Amazon India and Reliance Retail. The company also owns Myntra and PhonePe, among other subsidiary brands.