Cloudtail sends termination notice to a bunch of vendors

Cloudtail, one of Amazon India's largest sellers, has sent contract termination notices to a number of vendors, stating that it was in the process of ceasing the listing and sale of products on the Amazon marketplace in the "near future."

"In light of the foregoing, Cloudtail proposes to sell/liquidate its existing/residual inventory, which includes the products purchased from you." "Please also treat this communication as a formal notice of termination of the agreement," Cloudtail managing director and CEO Ranjit Babu recently wrote to the vendors. He assured the suppliers that all purchase orders issued by it would be honoured until April 18, 2022.

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