Flipkart Acquires Majority Stake in Minivet AI to Boost Generative AI Capabilities

• E-commerce giant Flipkart has acquired a majority stake in Minivet AI, an AI/ML solutions provider founded in 2024.
• The acquisition is a strategic move by Flipkart to enhance and invest in its core generative AI capabilities.
• Walmart-backed Flipkart announced the deal on Friday, though financial details were not disclosed.
• Artificial Intelligence (AI) and Machine Learning (ML) are becoming crucial for business growth, competition, and innovation across sectors.
• AI enables machines to think, learn, and make decisions, improving customer experience, fraud detection, and automation.

Why It Matters: Flipkart invests in Minivet AI to strengthen its generative AI capabilities for future growth.