U.S. online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business.
Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and department stores in India to secure inventory from the firm.
A company Spokesperson said they don’t take these decisions lightly and they are discontinuing this program in a phased manner to take care of current customers and partners.
The exit will result in layoffs of hundreds of workers.