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.

Press Trust Of India (PTI) is India's premier news agency, with a reach as vast as the Indian Railways'. It employs nearly 400 journalists and 500 stringers to cover almost every city and small town in India. Collectively, our journalists put out more than 1,000 stories and 250 photographs including graphics every day to feed the appetite of the diverse subscribers, who include the mainstream media, the specialized presses, research groups, companies, and government and non-governmental organizations.

General Access

Add On Customer Packages

The Press Trust Of India Ltd.

PTI building 4, Parliament Street, New Delhi-110 001

© PTI 2021, All Right Reserved

Designed by: 4c Plus