Private Equity Liquidity Events
Amazon to buy out Catamaran Ventures stake in online retail JV Cloudtail
Source PTI (opens in a new tab)
E-commerce major Amazon is to acquire the stake held by Catamaran Ventures in Prione Business Services, the parent firm of online retail service Cloudtail.
In August, Amazon and Infosys founder Narayana Murthy promoted Catamaran had announced that they will not continue their joint venture beyond May 2022.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Cloudtail had raised funding across two rounds - in Jun-14 and Feb-19 - from Catamaran Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)