Cloudtail, established as Amazon India's largest seller recently created a buzz. As in a joint venture between N R Narayana Murthy's Catamaran Venture and Amazon, has brought in a senior level executive from the e-tailer as its new CEO.
In an interesting exchange of executives by the JV partners wherein Cloudtail has lined up Sumit Sahay, who was before Amazon's director for category management as its CEO, while Madhu M, the erstwhile chief of Cloudtail has taken over Sahay's role at Amazon, multiple people aware of the development told TOI.
According to the regulatory filings from the registrar of companies, Sahay joined the board of Cloudtail last month. The news was confirmed by a spokesperson of Cloudtail that Sahay is captivating over as the CEO of Amazon's largest merchant.
The spokesperson, in an emailed response, said: "Sumit will be responsible for driving the operations for Cloudtail. However, as a company policy we don't divulge details on board members." The spokesperson also confirmed Sahay's moving out of the organizations but did it did not proffer a comment on Madhu's appointment.
As per the sources, Sahay's experience of working crossways group for the American e-tailer encouraged the go by Cloudtail's management to bring him on board as the CEO. Sahay was looking after the home and kitchen business before taking on as the director of category management. In his last role, he was concerned with multiple categories at Amazon India.