Amazon to end relationship with Indian seller Cloudtail

By: |
August 09, 2021 7:44 PM

A joint venture between Amazon and India's Catamaran that controlled Cloudtail was coming up for renewal on May 19, 2022, and the two sides said in a joint statement they had mutually decided not to extend it beyond that date.

It had subsequently filed a writ petition in the Karnataka High Court seeking a stay on the investigation.It had subsequently filed a writ petition in the Karnataka High Court seeking a stay on the investigation.

Amazon.com Inc and one of its biggest sellers in India, Cloudtail, have decided to end their relationship, they said on Monday, following years of allegations that Cloudtail received preferential treatment.

A joint venture between Amazon and India’s Catamaran that controlled Cloudtail was coming up for renewal on May 19, 2022, and the two sides said in a joint statement they had mutually decided not to extend it beyond that date. The decision comes after a Reuters investigation in February based on Amazon documents showed the U.S. company had given preferential treatment for years to a small group of sellers, including Cloudtail, and used them to bypass India’s foreign investment laws.

Amazon has said it does not give preferential treatment to any seller and that it complies with the law. The statement from Amazon and Catamaran did not say why they had decided to end their joint venture.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Ease of doing business has helped create more startups: Commerce and Industry Minister Piyush Goyal
2Private equity major Advent snaps up Eureka Forbes for Rs 4,400 crore, Shapoorji Pallonji Group to pare debt
3Over 1 crore informal workers registered on e-Shram portal