 "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 143 - Peerzada Abrar
Tiger Global, WestBridge Capital lead $42 million funding round in Vedantu
Funds will be used to scale operations, expand learner base and deepen investments into tech and content
 "Tiger Global, WestBridge Capital lead $42 million funding round in Vedantu")
Dunzo in talks with investors to raise $100 mn to fund expansion
So far, Dunzo has raised $32.8 million in 10 rounds from investors
 "Dunzo in talks with investors to raise $100 mn to fund expansion")
Billionaire Pawan Munjal in advanced talks to invest in Ola Electric
Experts say Ola is wooing top industry veterans whose experience of building global businesses and understanding of emerging markets will be valuable to Ola Electric
 "Billionaire Pawan Munjal in advanced talks to invest in Ola Electric")
How Samsung is flying high on India R&D and driving key innovations
Samsung began its operations in India by hiring a good talent pool and then built solutions or services for particular problems
 "How Samsung is flying high on India R&D and driving key innovations")
One year on, Flipkart acquisition proves to be a mixed bag for Walmart
This is mainly due to regulatory hurdles and fierce competition from global rival Amazon
 "One year on, Flipkart acquisition proves to be a mixed bag for Walmart")
Walmart International Q2 operating income declines 29.6% due to Flipkart
But the US retail giant is building a collection of strong businesses through Flipkart, says CEO Doug McMillon
 "Walmart International Q2 operating income declines 29.6% due to Flipkart")
Flipkart partners with NSDC to train 20,000 delivery executives
This partnership is intended to certify the supply chain workforce in all aspects of product delivery and customer experience
 "Flipkart partners with NSDC to train 20,000 delivery executives")
Flipkart bets big on grocery segment, plans to scale service across India
The firm is collaborating with farmers, sellers, producer organisations and local micro, small and medium enterprises to create a sustainable ecosystem
 "Flipkart bets big on grocery segment, plans to scale service across India")
Flipkart ties up with Lifestyle to tap $100-billion fashion market
The partnership aims to help the Walmart-owned e-commerce company in its battle with rival company Amazon to tap the booming fashion retail business in the country
 "Flipkart ties up with Lifestyle to tap $100-billion fashion market")
A 'Shell' for Indian start-ups to solve energy challenges of the future
Royal Dutch Shell nurturing young Indian firms to develop futuristic energy solutions, such as green propulsion systems for satellites specially designed electric vehicles and energy storage systems
 "A 'Shell' for Indian start-ups to solve energy challenges of the future")
Flipkart plans to roll out electric vehicles for last-mile deliveries
Flipkart is also setting up necessary charging infrastructure at its hubs in order to deploy EVs at large scale
 "Flipkart plans to roll out electric vehicles for last-mile deliveries")
Fintech firms PhonePe and PineLabs get fresh funding from parent companies
PhonePe has received Rs 697.9 crore from its parent entity PhonePe Pvt Ltd while Pine Labs has raised about Rs 707 crore through a rights issue to its parent entity, Pine Labs Pte. Ltd
 "Fintech firms PhonePe and PineLabs get fresh funding from parent companies")
Flipkart bets on furniture, to set up 'experience centres' for customers
As customers look for a touch-and-feel aspect before buying furniture online, Flipkart's experience centres aim to bridge this gap by showcasing its certified products at strategic locations
 "Flipkart bets on furniture, to set up 'experience centres' for customers")
Amazon optimistic about a stable ecommerce policy in India, says CFO
Company says this would help it continue investing in technology and infrastructure and create jobs
 "Amazon optimistic about a stable ecommerce policy in India, says CFO")
Tea retail chain Chai Point uses preference share route to raise Rs 60 cr
Co-founded by Harvard Graduate Amuleek Singh Bijral, Chai Point has emerged as one of the largest omni-channel beverage brands in the country
 "Tea retail chain Chai Point uses preference share route to raise Rs 60 cr")
Recko raises $1 million seed funding from Prime Venture Partners
The fintech startup provides AI-powered reconciliation for digital transactions; has processed transactions worth $2 billion in the first 12 months since launch
 "Recko raises $1 million seed funding from Prime Venture Partners")
Finance Minister Nirmala Sitharaman's Budget charges up India EV industry
Union Budget 2019 says GST on EV will be reduced from 12% to 5% and the government will give customers tax break.
 "Finance Minister Nirmala Sitharaman's Budget charges up India EV industry")
Ola expands global footprint, gets London licence to take on Uber
SoftBank-backed Ola has been steadily expanding its presence across the UK since it's entry into the region in August 2018 and is now present in 7 cities in the UK
 "Ola expands global footprint, gets London licence to take on Uber")
Telecom giant BT and IISc set up R&D centre to focus on AI, cybersecurity
The new BT India Research Centre will join BT's network of collaborative research facilities around the globe
 "Telecom giant BT and IISc set up R&D centre to focus on AI, cybersecurity")
Billionaire Mike Cannon-Brookes' firm Atlassian looking to expand India ops
R&D has been key to Atlassian's growth and innovation
 "Billionaire Mike Cannon-Brookes' firm Atlassian looking to expand India ops")