Amazon, Cloudtail to end partnership

Cloudtail India, a top seller on Amazon’s marketplace, is going to stop operations from May 2022. This follows Amazon and NR Narayana Murthy-owned Catamaran Ventures on Monday deciding to discontinue their partnership after a successful run of seven years. A joint statement by the two companies came hours after the Supreme Court said that e-commerce majors Amazon and Flipkart should volunteer for antitrust investigation into their business practices.

Amazon and Catamaran jointly operate Prione Business Services. Cloudtail India is a wholly-owned subsidiary of Prione Business Services. “Prione Business Services, the joint venture between Amazon and Catamaran, has been running successfully for the past seven years and comes up for renewal on May 19, 2022. The two partners today (Monday) announced they have mutually decided to not continue their joint venture beyond the end of its current term,” the two companies said.