Amazon India to remove seller Appario from its ecommerce site

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Amazon India and its joint venture partner Patni Group-owned Zodiac Wealth have decided to remove online seller Appario Retail from the company’s online platform, according to a joint statement issued on Monday.

According to an official source, the move is voluntary and intended to avoid any conflict of interest. Appario is a wholly owned subsidiary of Frontizo, a joint venture between Amazon India and the Patni group’s Zodiac Wealth Management. After Cloudtail, a joint venture between Infosys founder NR Narayana Murthy and Amazon, was shut down, Appario became one of Amazon’s top sellers.

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Amazon India to remove seller Appario from its ecommerce site

Amazon India and its joint venture partner Patni Group-owned Zodiac Wealth have decided to remove online seller Appario Retail from the company’s online platform, according to a joint statement issued on Monday.

According to an official source, the move is voluntary and intended to avoid any conflict of interest. Appario is a wholly owned subsidiary of Frontizo, a joint venture between Amazon India and the Patni group’s Zodiac Wealth Management. After Cloudtail, a joint venture between Infosys founder NR Narayana Murthy and Amazon, was shut down, Appario became one of Amazon’s top sellers.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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