During a review of its operations, Amazon has decided to shut down its food delivery business in India.
Image By- ET
The company has also announced that it will lay off thousands of employees globally.
Image By- PYMNTS
In the Indian market, Amazon has made a total investment of over $6.5 billion in the last eight years.
It has also invested in various areas like smartphones, consumer electronics, grocery.
Amazon has a large selection of products and is one of the biggest online retailers.
However, the company has struggled to grow in high-margin categories, like fashion, & electronics.
It is also facing an unfavourable regulatory environment for foreign retailers.
Amazon has partnered with 3,000 restaurants to offer food delivery in Bengaluru, southern India.
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