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  • Another record breaking year for Budapest Airport as cargo volume exceeds 100,000 tonnes

    Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.

  • LATAM Airlines to launch its longest non-stop flight ever between Santiago and Melbourne, Australia

    Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.

  • India gives a strong start to IAG’s performance in the peak season

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  • IAG Cargo launches new Paris to New York route through OpenSkies

    IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Showing posts with label Logistic. Show all posts
Showing posts with label Logistic. Show all posts

Tuesday, August 10, 2021

Catamaran and Amazon join venture Prione Business Services to discontinue agreement

  12:27:00 PM   , , ,   No comments   Edit

 Catamaran and Amazon join venture Prione Business Services to discontinue agreement



Prione Business Services, the joint venture between Amazon and Catamaran, has been running successfully for the past 7 years and is coming up for renewal on May 19, 2022. The two partners announced they have mutually decided to not continue their joint venture beyond the end of its current term. The JV has enabled over 300,000 sellers and entrepreneurs to go online and enabled 4 million merchants with digital payment capabilities, providing these SMBs and merchants access to millions of customers across the country.

When Prione was formed in 2014, e-commerce was still in a nascent stage in India. The small and medium businesses (SMBs) in India were new to digital and needed support, training and tools to go online.  The JV’s vision was to enable Indian SMBs to succeed in e-commerce and benefit from the digital opportunity. Prione has played an important role in transforming Indian e-commerce, and paving the way for the global scale up of emerging Indian brands.

M.D. Ranganath, president - Catamaran, said, “We are happy that Prione has leveraged global best practices for e-commerce in India, created jobs, and provided millions of Indian customers access to a wide selection of products from across the country by leveraging technology. As our JV with Amazon reaches the end of its tenure, I reflect on this successful partnership that introduced the power of digitization and empowered hundreds of thousands of SMBs across big and small towns. We would like to thank Amazon for the partnership that leaves behind a strong legacy of shaping e-commerce in India.”

Amit Agarwal, global senior VP and country head - Amazon India, said, “Amazon and Catamaran entered into a JV in the early days of e-commerce in India with a shared vision of transforming hundreds of thousands of small businesses in a fast-changing digital world, by providing online capabilities enabling them to access customers both in India and globally. We are humbled by how the JV exceeded its vision, helping online commerce evolve through the unrelenting efforts of hundreds of its employees, positively impacting over 4.3 million small businesses, creating hundreds of thousands of jobs, and contributing to India’s digital economy. We were privileged to have had a partner we could learn from and lean on. I would like to thank the Catamaran team for this long and fruitful partnership that helped set the direction for e-commerce in India.”


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