The JV was dissolved after Murthy’s Catamaran, which held a 74 per cent stake in the Prione Business Services that operated the JV, decided to discontinue it in August last year.
Cloudtail sold third party products online through Amazon India e-commerce platform.
“Cloudtail India Private Limited, an e-commerce firm, reported its revenues for the financial year 2021-22 as Rs 19,090 crore, a 15 per cent jump since the last financial year. The company further reported a net loss of Rs 522 crore during the same fiscal. The company’s total expenses for the fiscal were reported as Rs 19,573 crore,” Tofler report said.
The company had posted a total income of Rs 1,663.9 crore in FY 2021.
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