 "Peerzada Abrar")
Peerzada Abrar
Peerzada Abrar
Peerzada Abrar is a technology and business reporter at Business Standard. He covers the intersection of technology, AI, business and society, and their impact on our lives. This includes tracking top tech firms and startups. He joined Business Standard in 2019 after having worked at The Economic Times and The Hindu, where he covered the entrepreneurship ecosystem, start-ups, new technologies, venture capital, and private equity. A storyteller at heart, he is captivated by the potential of innovation to address global challenges. His narrative spans from resilient communities combating epidemics and natural disasters to groundbreaking initiatives that empower the underserved and transform humanitarian landscapes.
Peerzada Abrar is a technology and business reporter at Business Standard. He covers the intersection of technology, AI, business and society, and their impact on our lives. This includes tracking top tech firms and startups. He joined Business Standard in 2019 after having worked at The Economic Times and The Hindu, where he covered the entrepreneurship ecosystem, start-ups, new technologies, venture capital, and private equity. A storyteller at heart, he is captivated by the potential of innovation to address global challenges. His narrative spans from resilient communities combating epidemics and natural disasters to groundbreaking initiatives that empower the underserved and transform humanitarian landscapes.
Page 140 - Peerzada Abrar
Myntra processes 13,000 orders per minute at peak of festive sale
600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns
 "Myntra processes 13,000 orders per minute at peak of festive sale")
E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO
Jain who has been a finance leader with exposure to large multi-location and transnational revenues, will play a key role in Ather's aggressive expansion plans
 "E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO")
Bombay Shaving Company raises Rs 45 crore in Series B funding round
The beauty and personal care (BPC) market in India, which stood at $16 billion in 2018, is expected to grow to $22.5 billion by 2022
 "Bombay Shaving Company raises Rs 45 crore in Series B funding round")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
The start-up raised over $275 million from Softbank Vision Fund
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Salesforce to train 250,000 students for future tech jobs in India by 2022
According to a recent study by research firm IDC, the Salesforce economy will create 548,400 direct jobs and $67 billion in new business revenues in India, between 2019 and 2024
 "Salesforce to train 250,000 students for future tech jobs in India by 2022")
Goldman Sachs leads Rs 100 crore investment round in fintech firm ZestMoney
The Bengaluru-based startup expects to cross an annual run rate of over $1 billion in disbursal run rate in less than 18 months
 "Goldman Sachs leads Rs 100 crore investment round in fintech firm ZestMoney")
Micron Technology appoints Anand Ramamoorthy to head India operations
The US memory chip giant is eyeing opportunities in India to provide its technology to the government, large Indian enterprises and small and medium companies
 "Micron Technology appoints Anand Ramamoorthy to head India operations")
Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year
Deeper penetration across India and significant growth in the number of paid subscribers have been the primary drivers of growth
 "Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year")
Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs
The city, which has seen its startups raising $31 bn in the past decade, is home to 44% of India's unicorns and 43 per cent of 'soonicorns'
 "Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs")
Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth
The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India
 "Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth")
ZestMoney to disburse credit worth $400 mn, partners with Northern Arc
ZestMoney said its technology platform provides easy access to consumer loans to millions of Indian households, which currently have no access to credit cards or any other formal financing options
 "ZestMoney to disburse credit worth $400 mn, partners with Northern Arc")
HCG becomes first hospital in India to digitise histopathology diagnosis
Digital diagnosis is now the default diagnosis of the lab for surgical pathology and 100% of FFPE slides are digitally scanned into high-resolution digital images
 "HCG becomes first hospital in India to digitise histopathology diagnosis")
How Flipkart is automating its supply chain with robotics, machine learning
The e-commerce giant is using robots to automate its supply chain and bring the next 200 million customers online
 "How Flipkart is automating its supply chain with robotics, machine learning")
Walmart, Flipkart invest in Ninjacart to take on Amazon in grocery business
Flipkart is betting big on the grocery segment and is planning to scale its service across India, including tier-II and-III cities, in the next five years
 "Walmart, Flipkart invest in Ninjacart to take on Amazon in grocery business")
Data protection Bill arms Centre with exemption powers; tech firms worried
It may possibly be referred to a joint select committee subsequently
 "Data protection Bill arms Centre with exemption powers; tech firms worried")
Observe.AI, provider of AI solutions to call centre agents, raises $26 mn
This round, which takes the company's total funding to $34 million, will allow Observe.AI to expand its US-India team globally and accelerate product development
 "Observe.AI, provider of AI solutions to call centre agents, raises $26 mn")
Flush with funds, home security tech startup MyGate goes on expansion spree
The company has forayed into Gujarat where it is aiming to secure 150,000 homes
 "Flush with funds, home security tech startup MyGate goes on expansion spree")
Scooter-sharing start-up Bounce's valuation may hit $500 mn on new funding
Bounce has already crossed 100,000 rides per day in Bengaluru; this puts it at par with global players such as scooter-rental companies Lime and Bird
 "Scooter-sharing start-up Bounce's valuation may hit $500 mn on new funding")
Flipkart unveils smart assistant to handhold first-time e-commerce users
The platform would help Flipkart to tap consumers across tier II, III cities and beyond in rural India, as it seeks to bring the next 200 million consumers online.
 "Flipkart unveils smart assistant to handhold first-time e-commerce users")