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AMAZON CLOUDTAIL TRANSITION
Amazon veteran Samir Kumar to replace Manish Tiwary as India headSamir Kumar, an Amazon veteran, will replace Manish Tiwary as the country manager for India starting October 1. Kumar, who has been with Am...- Amazon India head Manish Tiwary resigns as competition heats upWhile no immediate replacement is planned, the leadership team will work closely with Amit Agarwal, SVP, EMs. Tiwari's resignation comes at...
- Amazon top seller Appario’s revenue dips 8% in FY23Appario Retail reported a marginal rise in profit for FY23 at Rs 84 crore against Rs 82 crore in FY22, according to its regulatory filings ...
- Appario looks for a new way to keep selling on AmazonAmazon and Patni Group, joint venture partners of Appario’s parent firm Frontizo, had in October last year announced plans to shut the sell...
- Amazon lays off 500 employees in India across functionsThe Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.
- Amazon JV seller Appario starts shipping inventory to new merchantsMoves inventory of goods to emerging super sellers on the platform like Dawntech and Clicktech Retail.
- Amazon relooking experiments, not shutting businesses: TiwaryTech giant to double down on its business-to-business (B2B) marketplace, pharmacy, grocery and social commerce.
- 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.
- Etailers Amazon, Flipkart ask sellers to prepare for September-end big festive saleWalmart-owned Flipkart is expected to kickstart its flagship Big Billion Days on September 24 while Amazon will likely follow suit around t...
- ‘Mini Cloudtails’ mushroom on Amazon after largest seller shuts downThese new entities are run by former executives of Cloudtail, as well as of Appario Retail, another company which is still a seller on the ...
- 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 ...
- Finfluencers face new reality; Rajeev Misra steps back at SoftBankNow it looks like the party is over for these 'finfluencers', who tell us their income has fallen 30-40% from last year as startups slash t...
- FMCG sales fall on Amazon after Cloudtail transitionFinance teams at leading fast-moving consumer goods brands say the new entities lack the required heft in dealing with high-volume transact...
- Amazon India CFO Raghava Rao gets additional charge of emerging marketsRaghavaRao’s elevation comes soon after India country head Amit Agarwal was given additional charge of emerging markets.
- 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...
- Pushback on crypto ‘shadow ban’; Amazon to absorb Cloudtail, Prione employeesNow, many top banks which have blocked UPI for trading crypto based on “verbal instructions” from NPCI, want it to spell out the rules in w...
- 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’s Amit Agarwal elevated to head emerging marketsManish Tiwary to run day-to-day India operations
- Amazon plans Cloudtail takeover; Swiggy eyes Rapido betAmazon will pick up Catamarans’ stake in the joint venture and the ecommerce giant has made a filing with the Competition Commission of Ind...
- Amazon bets on 3rd-party sellers, doubles 2020 India target to $16 billionThe overall volume of sales by these sellers has gone up in the range of 6-10% in the recent past as Amazon-backed sellers have tried to cu...
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