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Cloudtail India: Amazon to end JV with Catamaran Ventures in May 2022

Economic Times  

Cloudtail India, one of Amazon India's largest sellers, is going to stop operations from May 2022 with the company's joint venture partners Amazon and NR Narayana Murthy-promoted Catamaran Ventures deciding not to renew the seven-year-old partnership when it comes up for renewal next year. Cloudtail India is a wholly-owned subsidiary of Prione Business Services, a JV between Catamaran and Amazon. The two partners are going to exit the business at a time when there is stricter surveillance on the operations of foreign e-commerce marketplaces in India. The two partners have mutually decided to not continue their joint venture beyond the end of its current term ending on May 19, 2022.