Amazon to shut Appario Retail in a year

Amazon will be shutting down Appario Retail, one of the largest sellers on its platform, in a year, after which it will no longer be listed as a seller on the e-commerce portal, the companies said in a joint statement on Monday.

Appario Retail is a unit of Frontizo Business Services Private Limited, a joint venture (JV) between Amazon and the Patni group. The decision was despite the two companies announcing that they would renew their partnership. The shuttering down of Appario comes after Amazon shut Cloudtail — the largest seller for the e-commerce giant — earlier this year.