New Delhi, March 2 -- 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 Rs.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.

(.more to come..)

Published by HT Digital Content Services with permission from MINT....