Cloudtail

12 Indian Startup News You Don’t Want To Miss This Week [27 Nov -2 Dec]

We bring you the weekly dose of important Indian startup news of the week. This week’s prime newsmaker in the Indian startup ecosystem was Softbank who proposed existing early-stage investors of Flipkart and its employees to sell their shares for $85-$89 a piece. The transaction will put Flipkart’s valuation at $10 Bn, which is a…

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Strict FDI Rules Slows Down Growth For Ecomm Vendor Cloudtail In FY17

The development of Amazon India’s largest seller Cloudtail appears to be fading as the firm attempts to abide by the new FDI rules issued by DIPP in March 2016. Cloudtail is a joint undertaking concerning Amazon Asia and Infosys founder Narayana Murthy’s personal investment vehicle Catamaran Ventures. Reportedly, Cloudtail posted a 24% soar in its…

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