Frequent question: Who is Cloudtail India on Amazon?

Cloudtail India is a wholly-owned subsidiary of Prione Business Services. Prione is a joint venture between Catamaran and Amazon. The two partners are going to exit from the business at a time when there is stricter surveillance on the operations of the foreign e-commerce marketplaces in the country.

Who is the owner of Cloudtail?

Prione is the parent company of Cloudtail India Private Limited which is the largest seller on the Amazon India platform. It is jointly owned by Murthy led Catamaran Ventures and Amazon.

Who is the seller Cloudtail India?

Cloudtail – a wholly-owned subsidiary of Prione Business Services – is one of the biggest sellers on Amazon.In. Prione Business Services is a joint venture between NR Narayana Murthy’s Catamaran Ventures and Amazon, wherein the American e-commerce giant holds 24 per cent share.

Is Cloudtail same as Amazon?

Narayana Murthy’s Catamaran, the parent firm of Cloudtail, and Amazon launched the joint venture in the country in 2014. The joint venture restructured its ownership in 2019 following India’s regulatory changes — more on this shortly. … Cloudtail is one of the largest sellers on Amazon in India.

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Who is the CEO of Cloudtail India?

Sumit Sahay. Chief Executive Officer, Cloudtail India Pvt Ltd.

What happened to Cloudtail India?

The company will shut operations in May next year as parents N.R. Narayana Murthy’s Catamaran Ventures and Amazon India decided to end their seven-year-old partnership amid rising government scrutiny into operations of US e-commerce firms for alleged violations of foreign investment rules.

Why did Cloudtail leave Amazon?

Amazon and one of its biggest sellers in India, Cloudtail, have decided to end their relationship, they said on Monday, following years of allegations from brick-and-mortar retailers that the seller received preferential treatment.

How does Cloudtail India work?

Cloudtail is not involved in each and every product line,It only deals into branded product. They purchase directly from the factory or FIRST LINE of sellers with huge investment and huge they sell at a price where you cant compete with them.

Is Cloudtail a good company?

Cloudtail is the fastest growing retail company in India. Every role I have been a part of in here has given me opportunity to learn and grow as an entreprenuer. Every role of mine has had a good mix of Total Ownership of the business, need to be a great hustler and driven by absolute Customer obsession.

Does Cloudtail sell fake products?

Did not realize that Cloudtail India sells such fake products online.

What will happen to Cloudtail?

Cloudtail India, one of the largest sellers on Amazon in India, will cease operations next May. … Indian rules currently prohibit a foreign entity running an online marketplace and its group companies from owning equity in any of the sellers on the platform or having control over their inventory.

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Is FBA and Cloudtail same?

Absolutely, special preference is being given to some sellers. As for a similar product to be sold through FBA, charges are four times higher compare to product sold by Cloudtail. Therefore, it is not viable to sell through FBA route.

Is Cloudtail owned by Narayan Murthy?

Cloudtail’s parent, Prione Business Services, is jointly owned by Catamaran, led by Infosys founder NR Narayana Murthy and Amazon. Catamaran, which originally held 51% in the JV, raised its stake to 76% in 2019 following the government’s Press Note 2 notification a year earlier.

Who is Appario retail?

Appario Retail – which sells goods across segments like smartphones, electronics and other items — is a wholly owned subsidiary of Frontizo Business Services, the JV unit of Amazon and the Patni Group. While Appario Retail is the online seller, Frontizo powers Amazon India’s customer care services.

What is Retailnet?

retailnet is flipkart , retailnet is the seller name for flipkart,flipkart itself can not sell stuff buy his own name as he is commsion agent, so he created some sellers of his own which work under flipkart.