FY 17 Financials

Amazon Wholesale India Unit’s Sales Reaches $1.08 Bn In FY 16-17

It would seem that the believe in Jeff Bezos has revealed before this year on Amazon’s Indian arm has commenced to fork out off. Amazon Wholesale India, the US-based ecommerce giant’s Indian wholesale distributor has raked in $1.08 Bn (INR 7000 Cr) well worth product sales in FY 16-17. Interestingly, Amazon India has credited this…

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Strict FDI Rules Slows Down Growth For Ecomm Vendor Cloudtail In FY17

The development of Amazon India’s largest seller Cloudtail appears to be fading as the firm attempts to abide by the new FDI rules issued by DIPP in March 2016. Cloudtail is a joint undertaking concerning Amazon Asia and Infosys founder Narayana Murthy’s personal investment vehicle Catamaran Ventures. Reportedly, Cloudtail posted a 24% soar in its…

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