Page 4 - Cloudtail India News Today

The Parliamentary Committee on Commerce examined the various competition issues in e-commerce and proposed solutions to address them.

The raids in progress even as Cloudtail India, which drives nearly 80% of Amazon’s sales and was recently acquired by the e-tailer is in the process of shutting down.

Moves from Cloudtail India

Amazon India will onboard over 1000 employees at Cloudtail's parent firm, Prione Business Services.

Amazon India’s top seller Cloudtail will cease operations soon as it has sent contract termination notices to its vendors

Cloudtail India, as per its official LinkedIn page, has 445 employees in India and was set up in 2014 as a joint venture between N.R. Narayana Murthy’s family office, Catamaran Ventures, and Amazon India.

In a major announcement, the Competition Commission of India (CCI) has now cleared Amazon’s proposal to acquire Prione Business Services.

The CCI has disposed of a complaint alleging unfair trade practices against Amazon, saying the allegations are devoid of requisite evidence.

The Competition Commission of India has disposed of a complaint alleging unfair business practices by Amazon Seller Services Pvt Ltd and certain other related entities, saying that the allegations are devoid of requisite evidence. The complaint was filed by the All India Online Vendors Association against Amazon Seller Services, Amazon Wholesale India, Amazon Retail India,

The association comprises more than 2,000 sellers across the country, with its members selling various products on e-commerce marketplaces.