Page 10 - Flipkart

E-commerce major Flipkart shuts down ANS Commerce, lays off workforce

E-commerce major Flipkart has shut down its arm ANS Commerce and laid off its entire workforce, according to a source. Founded in 2017, the firm was providing all support including marketing tools, warehousing, etc to entities that wanted to sell their product online. It was acquired by Flipkart in 2022. When contacted, Flipkart confirmed the development. "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. "To minimize the impact on employees during this transition, we plan to offer internal opportunities at Flipkart, outplacement services, and severance packages," Flipkart said. The number of employees impacted by the closure could not be ascertained. ANS Commerce had 600 employees at the end of FY2022.

IIT Kanpur alumnus who left Flipkart job for start-up admits to 'struggles'

Bengaluru-based CEO Harsh Pokharna took to social media to share his journey from quitting his job at Flipkart to starting his own company. In his post, he says, "long way to go"

Flipkart-backed super.money acquires checkout financing platform BharatX

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands

Walmart Q4 growth: Retail giant leverages Flipkart's Big Billion Days shift

On overall performance, the US-based retail giant said that the company performed well in India

Flipkart Ventures picks AI startups for third accelerator programme

Companies will get financing and business advice from e-commerce giant's leaders

The travails of Sachin Bansal's Navi, a fintech that wanted to be a bank

Earlier this week, Bansal stepped away from the CEO post pf the finserv and tech verticals to focus on the group's long-term vision, expansion and M&A efforts

Flipkart 'Tablet Premier League': Check deals, offers on iPads, Galaxy Tabs

During the sale period, Apple iPad 10th generation model will be available for Rs 28,999, including all offers

Flipkart ramps up quick commerce: 500 dark stores before 'Big Billion Days'

Flipkart is set to expand its quick commerce service 'Minutes', aiming for over 500 dark stores by 2025, positioning itself as a strong rival to Blinkit, Zepto, and Swiggy Instamart

Flipkart's chief product and technology officer Venugopal steps down

Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring

Flipkart Axis Bank credit card: Key changes in fees, surcharges & cashback

Effective December 20 last year, Axis Bank has changed the terms and conditions of the Flipkart Axis Bank Credit Card

Flipkart has ended its partnership with us: Medicine e-tailer Sastasundar

Medicine e-tailer Sastasundar on Tuesday said that e-commerce giant Flipkart has ended its partnership in the online pharmacy and healthcare space with it. The Kolkata-based entity also said it has reclaimed its brand's intellectual property rights (IPRs). The Walmart-owned Flipkart had acquired a 75 per cent stake in Sastasundar Marketplace in 2021. An e-mail sent to Flipkart on the development did not elicit any response. "The deal with Flipkart is over and we got back all the intellectual property rights of the Sastasundar brand from it. Now, we will launch our app. In 2021, we had sold a 75 per cent stake in Sastasundar Marketplace Ltd for around Rs 750 crore to Flipkart," Sastasundar Group chairman B L Mittal told PTI. This reclaim transaction did not attract any material investment, he said. Holding company Sastasundar Ventures has re-acquired the brand's IPRs and non-compete rights from Flipkart Health+ through its newly-formed subsidiary, Sastasundar Healthtech Ltd, he ..

Supreme Court stays ruling favouring Tiger Global in Flipkart deal

The next hearing of the case at the Supreme Court has been scheduled for February 14

Musk hosts Indian bizmen, says 'open to lowering India-US trade barriers'

Oyo, Flipkart and Aditya Birla Group leaders among entrepreneurs who met with Elon Musk and toured his SpaceX base

Walmart-owned Flipkart hires Dunzo co-founder Kabeer Biswas to lead Minutes

Biswas' appointment is seen as a strategic move by Flipkart to help it compete with quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart, and Zepto

Sachin Bansal eyes sale of $100 mn Ola stake to focus on Navi expansion

Flipkart co-founder Sachin Bansal is in talks to sell his $100 million stake in Ola, seeking a $4 billion valuation, as he shifts focus to his fintech venture Navi amid IPO and funding efforts

Amazon, Flipkart pleas against CCI probe order transferred to Karnataka HC

A single-judge bench of the Karnataka High Court is likely to hear the case on January 15

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart

Tech wrap Jan 1: WhatsApp Pay, Flipkart sale, Samsung Galaxy S25 series

How to use WhatsApp Pay. Flipkart 'Big Bachat Days' sale. One UI 7 to bring Gemini Live on lock screen. OnePlus Watch 3 health features. upcoming iPhone features

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

Walmart's Flipkart has a tough battle ahead in India, a 2026 IPO likely

Flipkart is a stake Walmart has put down in a market where brick-and-mortar foreign retailers face stifling restrictions