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PRIONE BUSINESS SERVICES
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 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.
- CAIT files petition before CCI to block Amazon's deal to acquire 100% shareholding in CloudtailThe petition provides evidence to show Cloudtail charges less fees/ commission and is a preferential seller on the platform, and with its 1...
- 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's plan to acquire Catamaran stake in Prione violates FDI policy: CAITThe traders' body said that the approval will convert Amazon from being a marketplace platform to inventory based platform, which is strict...
- 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...
- 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.
- Taking the fight to Swiggy & Zomato, Amazon joins food delivery business in Bengaluru
- ‘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.
- Amazon is said to cut India deal to return products to websiteThe deal allowed Amazon to recover a big chunk of item listings frozen since new ecomm rules kicked in.
- Prione onboards 60,000 small sellers in IndiaPrione has expanded its product offerings from hand painted stationary to soaps made from pure milk and ghee by sellers in Mumbai and Ludhi...
- Catamaran Ventures and Amazon JV partners with RASCI to train people in SMBsThe workshop will focus on self-employed e-tailers and was facilitated by RASCI through its training partner where 30 SMBs from Indore part...
- 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.
- Sellers like Cloudtail and WS Retail on Amazon, Flipkart scaling up to grab top slotsAmazon maintained that the company has adopted marketplace model, under which no one seller is dominant enough to influence the prices of g...
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