Amazon’s Top Seller Cloudtail Spot 25% Revenue Growth

Cloudtail India is owned by Prione Business Services, a joint venture of Amazon and NR Narayana Murthy’s Catamaran Ventures.

Cloudtail India, the single largest seller on Amazon’s India marketplace, has reported revenue growth of 25% to Rs 8,945 crore in the year ended March 2019, though the seller running into regulatory hurdles that resulted in some downtime in the January quarter.

The company had reported a loss of INR 4.11 Cr in FY18 and a profit of INR 1.6 Cr in FY17. Cloudtail reported a profit of INR 29.4 Cr in 2018-19.

The regulatory filings also said that Cloudtail’s expenses raised up by 27% to Rs 8,899 crore during the previous financial year. The largest portion of those expenses was purchasing of stock, which contributed Rs 8,537 crore.