Set up by Varun Dua, previously founder of Coverfox, Acko General Insurance has received it’s in principle regulatory clearance to launch a general insurance business in India. The company has received R1 license and has filed for R2 license with the insurance authority. In a regulated business, …
Tag: Infosys
Goa IT & start-up policy: Govt to soon roll out fresh policy to support small enterprises
Goa lags behind in the IT sector by at least a decade-and-a-half. The government has decided to set things right and is likely to amend the existing policy and come up with a new start-up policy separately. The recent IT and start-up policy of Goa is barely 18 months old and it is likely to [&hel…
Why SIDBI can be a game changer for venture capital industry
Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
Donald Trump’s new plan may create hurdles for PM Modi’s Startup India
The US is all set to become a tax-haven for most companies wishing to save tax after the Trump administration last evening announced lowering corporate tax to as low as 15 per cent from the present 35 per cent. Currently, several Indian tech startups including the likes of Flipkart, Grofers, Prac…
IAN announces India’s first & world’s largest maiden fund worth Rs 350 cr
Indian Angel Network (IAN) has become the first angel investor group globally to raise a 350 crore fund. The fund which marked its first close at rupees 175 Crores has industry stalwarts like Kris Gopalakrishnan, the cofounder and ex-CEO of Infosys; Sunil Munjal, joint managing director of Hero C…
H-1B lottery: Why a loss for Infosys, Cognizant will be a gain for tech start-ups
I’m travelling in the Bay Area, in a cab driven by a woman software tester. She says she has been out of job for months now and driving a cab is the only way she can pay her bills, living just outside of San Francisco. My company is looking for coders and testers but in Asia, I […]
Success rate among Indian start-ups is good: IT expert
Hyderabad: Mortality rate among start-ups in India is not alarming, and their success ratio is actually good and on par with global trend, said an expert in information technology (IT) industry. “In the start-up industry (in India), if you look at ten companies at least three or four will s…
ShopX enters into strategic tie-up with Puma
New Delhi: Digital offline platform ShopX has entered into a strategic tie-up with Puma, which would help the German sportswear firm scale up its footwear business in tier II markets. Puma will leverage ShopX’s digital offline model to scale up its footwear business and help it establish pr…
Axilor Ventures inducts 20 start-ups in its fifth accelerator batch
Bengaluru: The startups span across five sectors – consumer internet, enterprise, artificial intelligence, healthcare and fintech. Axilor, whose programmes include accelerator, scale-up, and early-stage funding, counts Senapathy ‘Kris’ Gopalakrishnan and SD Shibulal of Infosys, …
Challenge for start-ups to get funding: Kris Gopalakrishnan
Securing series C and beyond funding is a challenge for start-ups, information technology veteran and Infosys Co-Founder Kris Gopalakrishnan said as he called for a simple, orderly and fast-track mechanism to shut failed businesses. The start-ups scenario in India is pretty good but when those fi…