Highlights
Ampivo AI Expands in E-Commerce with Commerce Forever Solutions Acquisition
Ampivo AI, a prominent provider of multi-modal AI solutions, has successfully acquired a majority stake (51%) in Commerce Forever Solutions. This strategic acquisition is designed to enhance Ampivo AI’s position within the e-commerce sector by implementing its AI technology in practical B2B applications.
For the financial year 2024-25, Commerce Forever reported impressive net sales amounting to Rs. 115 crore. Ampivo AI intends to leverage advanced predictive AI technology within Commerce Forever to achieve sustainable cost optimization. This integration allows Ampivo AI to penetrate a previously untapped segment of B2B commerce, benefiting from Commerce Forever’s established operational framework within the Indian market.
Integration and Operational Focus
Despite the acquisition, the existing leadership and day-to-day operations will remain unchanged. The integration’s primary focus will be the incorporation of AI into critical business processes, with well-defined KPIs aimed at improving cost efficiency.
As part of this stock-based acquisition, Commerce Forever will maintain its brand identity while becoming an integral part of the larger Ampivo Ecosystem. According to Ampivo AI, this acquisition provides new opportunities to demonstrate how its technology can enhance operational efficiency and reduce costs across the B2B e-commerce value chain.
Collaboration for Future Innovation
Commerce Forever brings extensive experience in back-end e-commerce operations, while Ampivo AI supplies the technology necessary to automate, predict, and optimize these operations. Both companies perceive this partnership as a foundation for scalable innovation in the e-commerce arena.
Ampivo AI is a multi-modal AI solutions provider known for its expertise in conversational AI and predictive insights. The company empowers B2B clients to scale effectively by improving business processes through intelligent automation. It serves clients in the healthcare and e-commerce sectors and is now venturing into the finance industry, applying its expertise to foster innovation and efficiency in new sectors.