Amazon Retail India, instead of Cloudtail, to sell on Pantry Amazon Retail India, Amazon's food retail subsidiary, will remain the main seller of food and grocery products on Amazon Pantry, reports the Economic Times. This development comes after the government clarified that food retail companies with FDI can continue to sell via e-commerce, and remain outside the ambit of the new regulations. According to the report, a DIPP notification dated January 3 states that "There is no change in the FDI policy on food product retail trading, which permits 100% FDI under approval route, including through e-commerce, in respect of food products manufactured and/or produced in India." Amazon was earlier selling Pantry products via Cloudtail, the JV between Amazon and Catamaran Ventures. Pantry had suspended operations after the new regulation kicked in, but resumed operations within a week. Amazon is now looking at third-party sellers like Sigma Online to supply to Amazon Pantry. Also read: https://www.medianama.com/2019/01/223-cci-approval-amazon-more/ Amazon no longer a 49% stake holder in Cloudtail Amazon has changed the ownership structure of Cloudtail such that Amazon is no longer the owning company, reports the Economic Times. Catamaran Ventures has increased its stake in Cloudtail parent Prione Business Services from 51% to 76%, reducing Amazon Asia's stake from 49% to 24%. With this, Cloudtail is no longer an Amazon group company and can legally sell on the platform, per the report. Cloudtail may also list on other marketplaces like Snapdeal, Indiamart, and others, although listing on Flipkart has been ruled out. Amazon's…
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...