The South African Internet Group, Naspers, has emerged as a prime candidate to lead a $150-$200 million investment in one of the top food delivery startups in the country, Swiggy. This news comes after the Japanese conglomerate Softbank and Indian e-commerce giant, Flipkart, ended independent funding discussions with Swiggy, as per people familiar with the […]

The Biyani-owned Future Group is reportedly in talks to buy online retailer Snapdeal’s logistics arm, Vulcan Express. The purchase is said to be an all cash deal valued at about Rs 50 crore. Vulcan Express manages approximately half of Snapdeal’s deliveries and shipments. The company replaced GoJavas as Snapdeal’s primary logistics partner. The company was […]

Indian e-commerce giant, Flipkart has reportedly incorporated a new entity, Sabin Advisors, in order to diversify into the insurance sector and venture capital funding segment. The company was incorporated by Flipkart’s co-founders, Sachin Bansal and Binny Bansal, hence, the title, Sabin Advisors. The incorporation papers did not specify any particular business that the new company […]

Government of India is deliberating removing tax hurdles for angel investors, who have been struggling with notices, which have inevitably forced them to slow down their investments in the recent months. The move will be a major boost to startups. Angel tax is a tax on the capital raised by unlisted companies through the issue […]