Flipkart Shuts Down ANS Commerce, Lays Off All Staff 3 Years After Acquisition
Flipkart is shutting down ANS Commerce, acquired for $35-40 million, and laying off its staff. Despite a 39.4% revenue increase, ANS Commerce's net loss widened to Rs 73.8 crore in FY24.
Flipkart is shutting down ANS Commerce, acquired for $35-40 million, and laying off its staff. Despite a 39.4% revenue increase, ANS Commerce's net loss widened to Rs 73.8 crore in FY24.
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