Cloudtail India posts Rs 522 cr loss in 2021-22

Updated: Sep 28 2022 8:46PM

New Delhi, Sep 28 (PTI) Online retail firm Cloudtail India has posted a loss of about Rs 522 crore in 2021-22, according to a financial performance report shared by Tofler.

The joint venture (JV) firm between Infosys founder NR Narayana Murthy and Amazon had posted a profit of Rs 182.7 crore in 2020-21.

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.