Amazon’s sales from international operations remain flat; losses shrink marginallyLosses in the international business contracted marginally, by 3%, to $1.24 billion, from $1.28 billion in the first quarter of 2022.
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 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 to delist top seller Appario, renews JV with FrontizoIn a joint statement, the two parties said the joint venture has been renewed for three years but Appario will cease to be a seller on both...
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...
ISC urges Narayana Murthy to extend support to antitrust probe against AmazonIn an open letter to Murthy, ISC also urged that the Rs 5,856.45 crore margins/profit out of the Rs 39,043 crore revenue that Cloudtail ear...
Amazon to appoint independent sellers to take over Cloudtail businessAmazon will also not hold any stake directly or indirectly in these mid-sized sellers.
Amazon's Amandeep Lohan is now Appario Retail's MD & CEOLohan has also been designated as CEO of the seller firm, according to regulatory filings sourced exclusively by ET through business intell...
Scouting for allies before debut, Amazon pledged minimum returnsIn 2010, three years before Amazon made its India e-commerce marketplace debut, the US giant circulated an investment proposal, code-named ...
Samara Capital-Amazon's joint bid to acquire supermarket chain More gets CCI nodThe revised DIPP norms may make it difficult for Amazon to strengthen the relationship between its India marketplace.
Frontizo gets Rs 97 crore moreFrontizo started operations in Bengaluru last year with an investment of Rs 197 crore.
Amazon-Patni JV seller entity gets Rs 100 croreThe latest documents with the RoC showed the company (Appario Retail) has increased its paid up capital to Rs 140 crore from Rs 40 crore.
Amazon’s wholesale focus pays, sales climb to Rs 7k croreLocal wholesale unit turns major contributor to global operations after it adjusted for regulatory curbs
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.
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.
After IT, Wipro's Azim Premji & Infosys' Narayana Murthy squaring off in $3-bn e-commerce marketPremji has gone with the domestic players; he has investments in Myntra and Snapdeal while Murthy has placed his bets on global e-tailing g...
Mobile will be our focus area, says Amit Agarwal of Amazon IndiaRight now more than 35 per cent of our traffic is coming from mobile and that is amazing. We expect it to continue to grow.