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Key Amazon seller Cloudtail returns in a new avatar

Key Amazon seller Cloudtail returns in a new avatar

Submitted by • October 7, 2020 economictimes.indiatimes.com

Cloudtail, the largest seller on Amazon’s India website that suspended operations about a week ago, is making a comeback on Thursday after restructuring its ownership so that it is no longer a group company of the marketplace.

NR Narayana Murthy’s Catamaran Ventures has increased its stake in Cloudtail’s parent company Prione Business Services to 76% from 51% earlier, reducing JV partner Amazon Asia’s stake to 24% from 49%, people aware of the matter said. With this change, Cloudtail ce ..

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https://economictimes.indiatimes.com/industry/services/retail/key-amazon-seller-cloudtail-returns-in-a-new-avatar/articleshow/67877172.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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