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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Flipkart To Acquire Majority Stake In AI Startup Minivet


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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