‘Objectives fulfilled’: Amazon, Murthy’s Catamaran to end Cloudtail parent JV next year

Amazon and Infosys founder NR Naryana Murthy-owned Catamaran Ventures have decided to discontinue their joint-venture partnership for Prione Business Services — the parent company of Cloudtail India, one of Amazon India’s biggest sellers.

“Prione Business Services Pvt. Ltd, the joint venture between Amazon and Catamaran, has been running successfully for the past 7 years and comes up for renewal on May 19, 2022. The two partners today announced they have mutually decided to not continue their joint venture beyond the end of its current term,” Amazon and Catamaran said in a joint statement.

The announcement came on Monday, hours after the Supreme Court rejected a plea by Amazon and Flipkart seeking a stay on a probe by the Competition Commission of India (CCI) into their business practices,