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CLOUDTAIL REVENUE
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...- Amazon seller Appario Retail’s revenue rises 9% to Rs 15,000 crore, profit surges 53%The seller firm, which falls under the Amazon-Patni JV, will be shut within a year. Appario Retail also reported that profit shot up 53% to...
- Amazon India’s erstwhile biggest seller Cloudtail revenue jumped 15% before shutdownCloudtail’s biggest expenditure was related to purchase of inventory, which rose around 6% to Rs 15,492 crore.
- Amazon to absorb all Cloudtail, Prione employees, JV CEO tells employeesCloudtail, set up in 2014 as a joint venture between Amazon and Infosys founder NR Narayana Murthy’s Catamaran Ventures, is one of the larg...
- 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 seeks CCI's nod to buy Catamaran's stake in CloudtailWhile Cloudtail will operate as per current strictures until May, if CCI’s clearance comes before that, the companies will move ahead to co...
- 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...
- 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...
- Cloudtail’s fee to Amazon India more than doubles in two yearsCloudtail, one of the largest sellers on Amazon India, has seen its marketplace fee or commission to Amazon India more than double in the l...
- Cloudtail sees profit jump 130% in FY20For Cloudtail, a joint venture between Amazon and Infosys co-founder Narayana Murthy’s Catamaran Ventures, this is the third year in a row ...
- 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,...
- Focus on B2B pushes Amazon Wholesale’s revenue up 73%After regulatory changes in early 2016, the company saw a huge rise in revenue to Rs 7,047 crore in FY17 from only Rs 2.6 crore in FY16.
- Cloudtail’s growth graph stalls as Amazon shifts focus to other sellersAmazon’s move to focus on other sellers beyond its seller entity Cloudtail has seen the latter’s revenue growth remain almost stagnant, whi...
- 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...
- Amazon JV gets favourable order: HC restrains company from using name similar to CloudtailLast month, Cloudtail dragged the Mumbai-based company to the Delhi court and sought damages of more than Rs 1 crore.
- To comply with foreign investment norms, Amazon India's Cloudtail to stop selling mobile phonesCloudtail is a joint venture between Amazon Asia and Infosys founder Narayan Murthy’s personal investment vehicle Catamaran.
- 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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