How PremiumAV works
Amazon has two joint venture sellers in India, Cloudtail India Private Ltd and Appario Retail Private Ltd – both large sellers on its Indian platform that are structured in such a way to comply with local regulations. Cloudtail is a venture between Amazon Asia and tech businessman N R Narayana Murthy’s venture capital company, Catamaran Ventures. Appario is a venture with Frontizo Business Services, owned by Ashok Patni of software services company Patni Computers.
Flipkart, on the other hand, had WS Retail, a company initially controlled by promoters Sachin Bansal and Binny Bansal, as its largest seller. At one point in time, it contributed close to three-fourths of Flipkart’s sales. The promoters, however, spun off WS Retail and exited the company – at least, to comply with the letter of the law. WS Retail is still the largest seller on the Flipkart platform.
Our company is associated with Amazon – Appario Retail Private Limited and Flipkart – WS Retail / E-Retail.