Flipkart Acquires Minivet AI to Strengthen E-Commerce Capabilities
India’s leading e-commerce platform Flipkart has announced that it has acquired a majority stake in Bengaluru-based artificial intelligence (AI) and machine learning (ML) solutions provider, Minivet AI. This strategic acquisition aims to enhance Flipkart’s video and conversation-based e-commerce experiences.
One of India’s largest e-commerce platforms, Flipkart, has announced the acquisition of a majority stake in Minivet AI, an AI and machine learning solutions provider. Founded in 2024, the Bengaluru-based startup specializes in transforming static product catalogs into video content, achieving this transformation at a much lower cost than traditional production methods. This move is seen as part of Flipkart’s broader strategy to expand its generative AI (GenAI) capabilities and improve the e-commerce experience.
Aiming for Enriched Shopping Experiences with Minivet AI
While the financial details of the deal have not been disclosed, this acquisition is considered an important step toward Flipkart’s goal of establishing long-term technological advantages in AI-powered shopping experiences. By incorporating Minivet AI’s technology, Flipkart aims to accelerate the shift towards video-based, conversation-driven, and visually enriched shopping experiences.
Minivet AI’s platform will enable Flipkart to transform its product catalogs into dynamic video content. This innovation will provide a more interactive and dynamic shopping experience, increasing customer engagement and boosting conversions. The startup also offers AI solutions such as semantic search and conversational interfaces, making it a comprehensive GenAI partner for online retail platforms.
“Minivet AI Solutions Will Improve Customer Engagement and Conversions”
Flipkart’s Senior Vice President, Ravi Iyer, emphasized the importance of this acquisition, stating, “Acquiring Minivet AI allows us to bring in specialized capabilities and proprietary technologies critical for visual and video-focused commerce.” He also noted that the integration of Minivet AI solutions would improve customer engagement and conversions over time.
Minivet A I’s founder, Aditya Rachakonda, expressed his excitement about the partnership, stating that the acquisition would help scale GenAI solutions. Rachakonda said, “We are excited to be part of Flipkart’s vision of transforming the online shopping experience.”
As the e-commerce sector increasingly shifts towards AI-powered discovery and visual content, Flipkart’s acquisition of Minivet AI comes at a time when brands are striving to stand out in a saturated market. This partnership will make shopping on Flipkart more intuitive and immersive, laying the foundation for a more personalized and visually appealing user experience.