After food service, Amazon now shutting another business in India
Meanwhile, the company will discontinue its ed-tech segment- Amazon Academy, from August 2023
Amazon is shutting down its wholesale distribution business in India as a part of the annual operating planning review process and the cost-cutting measures.
The distribution vertical is operated in three cities-- Bengaluru, Mysuru, and Hubli .
It deals in buying fast consumable products from businesses and distributes it in wholesale directly to local shops like kirana stores, pharmacies and department stores to support their small business.
The U.S -based tech giant is currently working on cost-cutting measures amid the economic slowdown.
After the mass lay off, the company decided on cost-cutting around its global business amid the economic slowdown.
In one of the media statements, Amazon confirmed that the company will discontinue Amazon Distribution, their wholesale e-commerce division, as part of the annual operating planning review process.
The service will no longer operate from December 29, 2022.
Significantly, it's the third business the company has closed in India. Earlier, the company announced to discontinue its food delivery service- Amazon Food and ed-tech venture- Amazon academy.
The Amazon food delivery service was started in 2020 as a pilot project based in Bengaluru. The service will now stop from December 29.
Meanwhile, the company will discontinue its ed-tech segment- Amazon Academy, from August 2023.
Amazon started the Amazon Academy as an online learning platform for engineering students to prepare for competitive exams like the JEE.
