Amazon India to delist online seller Appario from its e-commerce site
"Amazon and India's Patni group-owned Zodiac Wealth Management LLP have agreed to renew their joint venture Frontizo Business Services Private Limited. Partners have decided that Appario Retail Private Limited, a wholly-owned subsidiary of Frontiz...
Appario is a wholly-owned subsidiary of Frontizo which is a joint venture between Amazon India and Patni group-owned Zodiac Wealth Management LLP.
"Amazon and India's Patni group-owned Zodiac Wealth Management LLP have agreed to renew their joint venture Frontizo Business Services Private Limited. Partners have decided that Appario Retail Private Limited, a wholly-owned subsidiary of Frontizo, will cease to be a seller on amazon.in and amazon.in/business within the next 12 months," a joint statement said.
Appario became one of the largest sellers on Amazon after Cloudtail, a joint venture firm between Infosys founder N R Narayana Murthy and Amazon was shut down.
"The partners will continue to explore new business opportunities, including helping businesses across India to scale up their online presence," the statement said.
(With inputs from PTI)
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