Cloudtail India Private limited one of the largest sellers on Amazon India gained over 2 times increase in profits to Rs 67.5 Cr for the FY20 ending on March 31, 2020.
Cloudtail seller on Amazon sells a variety of goods to customers in India. It offers around 30 lakh products across categories like Apparel, books, shoes, furniture, appliances, baby products, beauty care, health care, and more.
This is the 2nd year of profits for them. Cloudtail is a wholly-owned subsidiary of Prione Business Services.
It had reported a net profit of Rs 29.3 cr in FY19 and a net loss of 4.11 cr in the FY18
Cloudtail Seller’s revenue from operations grew by 28% to 11,412 cr, when compared with Rs. 8,940 cr revenue in FY19.
It reported expenses of Rs 11,313 cr in FY20 when compared with Rs. 8,900 cr in the previous year.
Some frequently asked questions about Cloudtail
Is Cloudtail owned by Amazon?
Cloudtail is a wholly-owned subsidiary of Prione Business Services. Cloudtail India Private Limited was set up in August 2014. It is one of the largest sellers on Amazon India. Cloudtail seller deals in over 30 lakhs products across categories like home appliances, furniture, apparel, books, and more. Cloudtail India Amazon is one of the most trusted sellers on Amazon as seen from its ratings and reviews.
How do I contact Cloudtail India Private Limited?
One can contact Cloudtail India Private Limited via its address, contact number, and email address mentioned on their official site www. Cloudtail. in/contact
Read more here https://nitesh-viswanathan.medium.com/cloudtail-india-private-limited-amazon-sellers-fy20-net-profit-up-130-e353e8d479fb