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PRIONE GROUP OF COMPANIES
Catamaran Ventures picks up 1.12% stake in garment maker Gokaldas ExportsGokaldas Exports, one of India’s largest garment manufacturers and exporters, is promoted by Florintree Advisors, a private equity firm run...- 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...
- 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.
- Rupa & Co scions take over Cloudtail’s home, kitchen and sports businessRetailEZ is among many new sellers that are taking over Cloudtail’s business following Amazon’s acquisition of the latter’s parent company ...
- 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.
- 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...
- CCI clears Amazon’s proposal to buy Catamaran’s stake in Cloudtail parentTop Amazon India executives are expected to hold a meeting on the matter on Thursday, people aware of the developments said.
- Myntra appoints Nupur Nagpal as CHRO and elevates Raghu Krishnananda as CTPONagpal will be responsible for leading the HR roadmap and has joined from Sprinklr, where she was leading the people function for JAPAC mar...
- Amazon India marketplace clocks 49% revenue growth in FY21Amazon Seller Services, which runs the Amazon India marketplace, posted a loss of Rs 4,748 crore in FY21, down from Rs 5,849 crore in FY20....
- 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...
- Covid gains: 3 sellers on Amazon log 38% increase in FY21 salesCloudtail's and Appario's revenue surged by over 46% to ₹16,639 crore and ₹14,628 crore respectively in FY21, while that of food and grocer...
- 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 ...
- 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 revenue up 25%, touches Rs 8,945 croreCloudtail’s growth comes despite a major change in ownership of its holding firm.
- ‘Ecommerce rules won’t hit Cloudtail volumes on Amazon’Seller’s sales on Amazon platform have always been below a quarter of the retailer’s annual sales transactions, say industry sources.
- 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.
- Accenture to acquire Germany-based Prion GroupAccenture today said it will acquire Germany-based Prion Group, a move that will help enhance its product lifecycle management.
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