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Amazon India’s biggest seller Cloudtail reports profitability in FY 2019

Amazon India’s biggest seller Cloudtail reports profitability in FY 2019

Submitted by • November 25, 2020 www.kr-asia.com

Amazon India’s largest seller, Cloudtail has reported a profit of USD 4.1 million in financial year 2019, with a revenue of USD 1.3 billion, an increase of 25% compared to FY 2018, according to company’s financial filings sourced from research platform Tofler, local paper Economic Times reported.

New Delhi-based Cloudtail, a joint venture between Amazon India, and Catamaran Ventures, clocked revenue totalling nearly USD 1 billion and posted a loss of USD 0.6 million in FY 18. Catamaran Ventures is Infosys co-founder Narayana Murthy’s USD 83 million private investment firm floated in 2010.

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