New Delhi: E-commerce Giant Amazon’s Joint Venture – Priece Business Services which runs one of the biggest explanations of Amazon Cloudtail – with the Infosys Co-Founder Narayana Murthy-owned by Ventures Catamaran All sets will be the end of JV from 2022.
In a joint statement on Monday, second The company announced their reciprocal decision to stop their JV from May 2022.
Prione business services were formed in 2014 and will appear for updates on May 19, 2022.
Cloudtail – a subsidiary owned by Whole of the Prione business service – is one of the biggest sellers in Amazon.in.
JV has enabled more than 3 lakh sellers and entrepreneurs to online and helped 4 million traders with digital payment capabilities, providing access to SMEs and these traders to millions of customers throughout the country, this statement said.
“When our JV with Amazon reached the end of his term, I reflected this successful partnership that introduced the powder of digitizing and empowering hundreds of thousands of SMEs in big and small cities.” We would like to thank Amazon for the partnership that left a strong inheritance for Forming e-commerce in India, “said MD Ranganath, President Catamaran, said.
At first, the Supreme Court refused to entertain Amazon and a flipkart request against the CCI charges of alleged violations of competition law.
(With input from agency)