Flipkart shuts down ANS commerce after 3 years, lays off employees amid e-commerce restructuring – Details – Technology

March 2, 2025 08:13 Ist updated

Picture : Et digital now

Philip Cart has made a difficult decision to eliminate ANS commerce. It came three years after the acquisition of a Grogram -based company, providing a wide range of e -commerce services, including store technology, performance marketing, and warehouse solutions.

Philip Cart decides to close the ANS commerce

According to a report mentioned in the Times of India, Philip Cart has made a difficult decision to eliminate ANS commerce. It came three years after the acquisition of a Grogram -based company, providing a wide range of e -commerce services, including store technology, performance marketing, and warehouse solutions. Despite the 39.4 % increase in operating income in FY24, the net loss of ANS commerce reached Rs 73.8 crore.

“After carefully considering the closure of the ANS commerce, Philip Cart said,” After careful consideration, the ANS commerce has decided to close its operations. When we remove the operations, we are committed to ensuring smooth transfer to all stakeholders, including employees and users. “

Although ANS Commerce has shown an increase in revenue, it is believed that its growing losses have played an important role in the decision to close the business. Despite the increase in revenue, the company’s net loss is increasing by Rs 73.8 crore, which indicates operational and financial challenges. This closure indicates a significant change in the flip cart approach to be capable of e -commerce.

Acquisition of ANS Commerce

ANS Commerce received an estimated 250 to 300 million ($ 35-40 million) three years ago by Philip Cart three years ago. The company, founded by Amit Manga, Vibhur Support, Sushant Puri, and Nicole Singh, was serving major brands like Jack & Jones, Vero Mada, Hole and Lockm. ANS Commerce collected 2 2.2 million in a pre -series A round in 2021 before its acquisition.

Holidays and transitions

As a result of the closure of ANS commerce, significant holidays are also taking place, in which many employees are affected by the closure. Philip Cart has assured that it will easily handle the transfer to all the parties. Despite the loss of jobs, the company is determined to help employees move forward.

What is next for Philip Cart?

The closure of ANS Commerce has raised questions about the Philip cart strategy in the e -commerce place. Since the company focuses more on scaling its basic actions, the move may be trying to smooth its resources and focus on other important fields. It will be interesting to see how the Approach Approach moves his point of view of the Philip Cart e -commerce eligibility.

This shutdown, despite the possibility of the company’s early growth, highlights the challenges that also face major tech companies in the competitive market in the long -term stability and profitability.

Tech holidays continue in 2025

Tech companies are not special for the roof sample Autodesk. According to Levs.com, 59 largest companies have left 13,802 tech workers so far this year. Meta said earlier this year, depending on the performance, it will leave 5 % of its employees. Facebook, horizontal VR, and logistics monitoring Meta teams will be affected by the holidays. Sixth .The total number of workers who have lost their jobs in Meta 2022.

Microsoft also announced in January -based performance -based performance. The corporation announced that the losses in the gaming, sales and other divisions would be found, but it did not specify the definitive number of the affected employees.

The computer maker HP revealed plans to eliminate 1,000 to 2,000 positions, or less than 4 % of its total staff, while Google also confirmed more in its cloud and human relationship units.

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