Amazon to shut down B2B unit Amazon Distribution in India

E-commerce major Amazon will shut down its wholesale unit Amazon Distribution, which was serving small shop owners in three districts of Karnataka.

Amazon Business, the wholesale B2B marketplace integrated with e-commerce platform Amazon.In, will continue to operate in the country, a source aware of the development said.

When contacted, an Amazon India spokesperson confirmed the e-tailer's decision to discontinue Amazon Distribution.

TRENDING NOW

Telangana Election Result 2023 Date: Check date, time of counting of votes, results announcement of 200 Assembly seats

Whole Life Assurance (Suraksha): Post Office life insurance plan, sum assured up to Rs 50 lakh; loan; tax exemption; and more benefits

RBI expected to continue with stricter measures to curb extensive expansion of unsecured retail loans

India Vs Australia 3rd T20I Free Live Streaming: When and Where to watch IND VS AUS T20I series Live Match on Mobile Apps, TV, Laptop, Online

FPIs investment in debt market hits 2-year high at Rs 12,400 crore in November

HPCL, BPCL and IOCL shares hit 52-week highs after crude oil prices slip below $80/barrel

Rupee recovers from record lows; rises 6 paise to settle at 83.34 against US dollar

Indian equity market set to see inflow of $3.6 billion after US federal pension fund switches index

Small Saving Schemes: Guaranteed returns, tax exemption, income assurance and other benefits of government savings schemes

Paytm shares slip after Berkshire Hathaway affiliate pulls the plug on Indian fintech firm

19% sales growth for automobiles during festive period

MCX shares hit an all-time high after board decides to recover tech cost from MCXCCL for old platform

Tata Motors hits fresh peak; stock has jumped over 60% in one year

Anil Singhvi strategy November 28: Important levels to track in Nifty50, Nifty Bank today

TCS buyback set to open on December 1; here are the details

The spokesperson explained that Amazon experiments and invests in new ideas to delight customers and continually evaluates the progress and potential of products and services to deliver customer value.

"We regularly make adjustments based on those assessments. As part of our annual operating planning review process, we have made the decision to discontinue Amazon Distribution, our wholesale e-commerce website for small neighbourhood stores around Bengaluru, Mysore and Hubli.

"We don't take these decisions lightly. We are discontinuing this programme in a phased manner to take care of current customers and partners and we are supporting our affected employees during this transition," the spokesperson said.

This is the third business unit to be closed after the company announced the wrapping up of Amazon Academy and the food delivery business.

An Amazon spokesperson said that the company remains focused on providing our growing customer base with the best online shopping experience with the largest selection of products at great value and convenience.

"We remain committed to India and will continue to invest across those areas where we can bring value to our customers including Grocery, Smartphones and Consumer Electronics,

Fashion and Beauty, as well as our B2B offerings such as Amazon Business," the spokesperson said.

Also Read: TCS starts virtual Quantum Computing lab on Amazon Web Services