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 […]

The e-commerce giant, Amazon, is reportedly in the final stages of closing an investment in the online insurance startup, Acko, reports suggest. Amazon will invest Rs 100 crore in Acko and additionally co-create financial products with the startup. It will also act as a distributor of the products. Sources familiar with the matter have also […]

Riders in Delhi shared the highest number of rides out of the 7 top metropolitan cities in the country for Ola Cabs, a statement released by the company said. This consequently led to over 1.139 million litres of fuel being saved and over 1.92 million kg of carbon dioxide emissions being reduced in the capital, […]

As part of the ‘Startup Coast’project in Karnataka, a new incubation centre in Mallikatte was opened and unveiled by Defence Minister Nirmala Sitharaman. The Centre for Entrepreneurship Opportunities and Learning will seat up to 70 entrepreneurs. “Mangalore and the Dakshin Kannada region have more than 20 colleges offering engineering, medicine and other fields of study,” […]