eCommerce

Flipkart To Acquire Majority Stake In AI Startup Minivet

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SUMMARY

The ecommerce did not disclose the deal size of the acquisitions

With this acquistion Flipkart is aiming at building and investing in core GenAI (GenAI) capabilities

Founded in 2024, Minivet AI offers a platform which transforms static product catalogue into engaging video content via GenAI

Ecommerce major Flipkart will acquire a majority stake in AI and ML startup Minivet AI to strengthen its GenAI capabilities. 

In a statement, the IPO-bound company said that it has signed definitive agreements to acquire the…

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