RedCloud (RCT) announced the execution of a Data Access & Usage Framework with a leading Indian distribution group operating across the apparel and footwear sector. The agreement provides RedCloud’s RedAI infrastructure with access to a structured dataset representing approximately $35,049,856 in total transaction value across approximately 300,000 individual transactions, spanning seven years of continuous trading activity – which the Company believes marks a significant step in the accelerated deployment of RedCloud’s RAID intelligence engine in India. The Company continues to evaluate potential opportunities for additional data agreements.RedCloud is already in active engagement with a number of FMCG companies through its India joint venture structure announced June 24, and expects the combination of this and other potential data agreements, alongside trade executed across its RedAI infrastructure, to create a compounding intelligence loop as deployment scales.
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