Cloudtail India
Amazon's Cloudtail revenue declines by 84% to Rs 3,093 crore in FY23
E-commerce company Cloudtail India registered an 84 per cent fall in revenue to Rs 3,093 crore in 2022-23, a report by market research firm Tofler said on Tuesday. Cloudtail, now an Amazon-owned e-commerce entity, ceased its business-to-consumer operations in April 2022. The firm continues to operate as a facilitator for sellers. As per Tofler, Cloudtail posted a net loss of Rs 98 crore in 2022-23. "Cloudtail India Limited, an e-commerce firm, reported its revenues for the financial year 2022-23 as Rs 3,093 crore, an 84 per cent fall since the last financial year. The company further reported a net loss of Rs 98 crore during the same fiscal. The company's total expenses for the fiscal were reported as Rs 3,191 crore," a Tofler statement read. Cloudtail was initially formed as a joint venture between Amazon and Infosys founder NR Narayana Murthy-owned firm Catamaran. It was operated by Prione Business Services in which Catamaran held a 74 per cent stake. Catamaran decided to ...
 "Amazon's Cloudtail revenue declines by 84% to Rs 3,093 crore in FY23")
NCDRC dismisses appeal filed by Cloudtail challenging CCPA's order
CCPA had asked the company to recall 1,033 cookers in violation of BIS standards; had levied penalty of Rs 1 lakh on the company
 "NCDRC dismisses appeal filed by Cloudtail challenging CCPA's order")
Appario Retail's revenue rises 9% to Rs 15,915 cr, profit increases 53%
However, Amazon recently said it has decided that Appario Retail would cease as a seller on the e-commerce giant's platform within the next 12 months
 "Appario Retail's revenue rises 9% to Rs 15,915 cr, profit increases 53%")
CCPA fines Cloudtail with Rs 1 Lakh for not complying with BIS standards
Central Consumer Protection Authority directs Cloudtail to recall and reimburse the prices of 1,033 pressure cookers sold to consumers and submit a compliance report in 45 days
 "CCPA fines Cloudtail with Rs 1 Lakh for not complying with BIS standards")
Amazon to delist Appario as seller, renews Frontizo JV for 3 years
The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure
 "Amazon to delist Appario as seller, renews Frontizo JV for 3 years")
Cloudtail reports net loss of Rs 522 cr in FY22, revenue rises 15%
The e-commerce firm's revenue grew 15% to Rs 19,090 cr in FY22
 "Cloudtail reports net loss of Rs 522 cr in FY22, revenue rises 15%")
Cloudtail says CCI detained its employees illegally during raid
An initial hearing on Cloudtail's filing at the Delhi High Court on June 3 did not mention the detentions, and the contents of the filing have not been posted publicly
Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario
India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws
 "Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario")
India launches antitrust raids on Amazon sellers Cloudtail, Appario: Report
India's antitrust body launched raids at two top sellers of Amazon.com Inc over violations of domestic competition laws, two sources with direct knowledge of the matter said
CAIT urges CCI to block Amazon's deal to acquire 100% stake in Cloudtail
Domestic traders' body CAIT said it has filed a petition before the CCI to block the transaction that has been entered into by Amazon where they will acquire 100 per cent shareholding in Cloudtail.
 "CAIT urges CCI to block Amazon's deal to acquire 100% stake in Cloudtail")
E-commerce firm Cloudtail's revenue grows 46% to Rs 16,639 cr in FY21
The firm's net profit was up 171% YoY to Rs 183 crore
 "E-commerce firm Cloudtail's revenue grows 46% to Rs 16,639 cr in FY21")
From zero to Rs 11,400 cr: How Murthy's retail business got a 'scrap' boost
As Bezos and Narayana Murthy end their joint venture, their prolific growth cannot be discounted
 "From zero to Rs 11,400 cr: How Murthy's retail business got a 'scrap' boost")
Amazon to end partnership with Murthy's Catamaran Ventures from May 2022
The two partners on Monday announced they have mutually decided to not continue their joint venture beyond the end of its current term
Top headlines: Cloudtail to stop operations; Oyo gets IPO process going
Business Standard brings you the top headlines this evening
 "Top headlines: Cloudtail to stop operations; Oyo gets IPO process going")
Indian Sellers Collective asks Narayana Murthy to end ties with Amazon
The Indian Sellers Collective has written an open letter to N. R. Narayana Murthy urging him to end partnership with Amazon for Cloudtail India.
 "Indian Sellers Collective asks Narayana Murthy to end ties with Amazon")
Top Headlines: Sebi tweaks delisting rules, Cloudtail gets Rs 54 cr notice
Business Standard brings to you top headlines on Tuesday
 "Top Headlines: Sebi tweaks delisting rules, Cloudtail gets Rs 54 cr notice")
NRN Murthy's Cloudtail gets tax notice of Rs 54.5 crore, says report
Cloudtail, one of the largest sellers on Amazon India, is owned by Prione Business Services
 "NRN Murthy's Cloudtail gets tax notice of Rs 54.5 crore, says report")
Amazon and Cloudtail, Appario related as preferred sellers: CCI lawyer
Big e-commerce firms selling their own private labelled brands and inventory at discounts, High Court told
 "Amazon and Cloudtail, Appario related as preferred sellers: CCI lawyer")
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 reports 27% revenue growth in FY18; crosses $1 bn revenue mark")
