Cloudtail reports 27% revenue growth in FY18; crosses $1 bn revenue mark

Cloudtail's growth comes on the back of Amazon continually stepping up its investments in its India business

Cloudtail India Pvt. Ltd., a joint venture between US online retail giant Amazon and N R Narayana Murthy’s Catamaran Ventures, posted a 27 per cent growth in revenue to Rs 71.5 billion for the year that ended March 31, 2018.

While revenues continued to rise, Cloudtail slid back into the red in the last fiscal as it posted a Rs 41 million loss as compared to a Rs 15.9 million profit in FY17, according to documents filed with the Registrar of Companies (RoC) which were sourced from business intelligence platform Paper.vc.

Taking into account the US Dollar to Indian Rupee