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CLOUDTAIL INDIA
Cloudtail India FY23 revenue plummets 84% as firm stops selling on Amazon marketplaceThe parent company of Cloudtail India has been renamed -- from Prione Business Services to Amazon Smart Commerce Solutions. Last year, Amaz...- Cloudtail India posts Rs 522 crore loss in 2021-22The JV was dissolved after Murthy's Catamaran, which held a 74 per cent stake in the Prione Business Services that operated the JV, decided...
- Cloudtail challenges validity of CCI raids, says no links with AmazonWhile the Delhi High Court stayed the investigation on June 3, the case is currently in the argument stage.
- Cloudtail challenges validity of CCI searches on April 28People with direct knowledge of the matter said through a web of corporate restructuring, Amazon gave up its stake in Cloudtail India even ...
- CCI raids top sellers of Amazon, other etailersPeople familiar with the matter said the raids, carried out in the capital, New Delhi and the southern tech hub of Bengaluru, related to CC...
- Cloudtail sends termination notice to vendorsThe notice from the Cloudtail CEO marks the first instance of the Prione subsidiary formally informing vendors of shutting Cloudtail.
- Cloudtail starts shipping business inventory to other sellers as closure nearsVendors who supply to Cloudtail across categories like electronics, health and personal care, and smartphones are being sent new contracts ...
- Amazon set to wheel away Cloudtail basketThe contract between Amazon and Catamaran Ventures – NR Narayana Murthy's investment office –- is slated to expire on May 19, but Amazon is...
- Amazon India finds Cloudtail’s replacement for retail of electronic goodsThe Salarpuria-Sattva Group, one of the largest real estate developers in South India, has incorporated Dawntech Electronics to take over t...
- Appario Retail, Cloudtail India and More Retail sales cross 36,000 crore in 2020-21Cloudtail’s and Appario’s revenue surged by over 46% to Rs 16,639 crore and Rs 14,628 crore respectively in FY21, while that of food and gr...
- ET Exclusive: Murthy's Catamaran Ventures and Amazon India decide not to renew JV next year in CloudtailCatamaran and Amazon, the two partners have mutually decided to not continue their joint venture beyond the end of its current term ending ...
- Indian Sellers Collective asks Narayana Murthy to end partnership with AmazonThe letter states that for years, Murthy, has been the idol of millions of Indians and more than leading Infosys and the Indian IT services...
- Amazon India vendor Cloudtail faces Rs 56 crore tax demand: ReportCloudtail has disputed the service tax claim and the matter is before the adjudicating authorities, says a spokesperson for the joint ventu...
- UK Chancellor Rishi Sunak drawn into in-law Narayana Murthy Amazon tax disputeAmazon reportedly developed independent sellers such as Cloudtail, as 'special merchant' which enjoyed over 35 per cent of total sales on t...
- Cloudtail India's GST registration suspended after tax officials find mismatch in records“It may be noted that as part of a regular physical verification exercise, the premise (principal place of business) of M/S Cloudtail India...
- Cloudtail supplies hit after Haryana GST registration suspensionThe suspension of GST registration sparked some confusions among Cloudtail vendors, many whom approached the Bengaluru-based vendor for ans...
- Top Amazon vendor Cloudtail delays payments to suppliersCloudtail said it’s working with stakeholders to ensure that the disruption is minimised. “We are actively working with vendors, employees,...
- Cloudtail India revenue up 25%, touches Rs 8,945 croreCloudtail’s growth comes despite a major change in ownership of its holding firm.
- Sellers allege Amazon favours Cloudtail, plan to move CCICloudtail is a joint venture between Amazon and Infosys cofounder Narayana Murthy’s family office Catamaran Ventures, and has been one of t...
- Narayana Murthy's bet on Amazon faces rough weatherA star venture capitalist recently lauded Infosys founder N R Narayana Murthy as the smartest e-commerce investor in India.
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