Flipkart has decided to shut down its subsidiary ANS Commerce, a full-stack e-commerce enabler, and is laying off employees as part of the wind-down. This closure comes three years after Flipkart's acquisition of the Gurugram-based company, despite ANS Commerce reporting a 39.4% increase in operating revenue to Rs 54 crore in FY24. The decision was driven by the unit's widening net losses, which reached Rs 73.8 crore, indicating significant financial challenges. The move, confirmed in early March 2025, represents a strategic shift for Flipkart within the competitive e-commerce and technology services industry, impacting the team that supported major brands.
