DIPP

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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DIPP Extends Funding Support To 75 Startups Under Funds Of Funds Initiative

The Office of Industrial Plan and Advertising (DIPP), India has by now extended its funding help to 75 startups beneath its ‘Fund of funds’ initiative. Aimed to equip emerging startups, DIPP has also opened its strains for India-Israel World Innovation Obstacle programs. Picked startups will be incubated beneath the collaborative incubation programme of India and…

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