Amazon shuts down wholesale distribution business in India
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New Delhi: Amazon on Monday stated that it has decided to shut down its wholesale distribution business in India.
The announcement comes while the company is closing many of its verticals as well as laying off employees as part of a global bid to cut costs.
Amazon is closing down Amazon Distribution, it's wholesale e-commerce website available in some parts of Bengaluru, Mysore and Hubli.
Earlier, it had shut down its food delivery and online learning platform called Academy in India.
In a statement, the company said, "We don't take these decisions lightly. We are discontinuing this programme in a phased manner to take care of current customers and partners."
The e-commerce giant launched its distribution service to boost the local kirana stores, pharmacies and department stores in India.
The food delivery service it started in May 2020 was wound up in the last week. The ed-tech was also shut down around the same time.
The company said, "As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food."
However, the company has denied laying off staff in India.