New Delhi, March 2 -- Walmart-backed e-commerce giant Flipkart closed down its Gurugram-based unit ANS Commerce, three years after its acquisition for Rs.300 crore.

The company was acquired by Flipkart in 2022.

"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," Flipkart said, as per news agency PTI report.

"To minimize the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, outplacement services, and severance packages," Flipkart also said.

Founded in 2017, ...