 "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.
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$340 million fundraise by Udaan signals pick-up in startup dealmaking
Led by M&G plc, Udaan's Series E funding includes Lightspeed Venture Partners and DST Global
 "$340 million fundraise by Udaan signals pick-up in startup dealmaking")
Myntra surpasses 75 mn new app users, achieves record customer growth
The Gen Z fashion segment on the platform has recorded 2.25X surge in demand and 175% YoY growth in customers
 "Myntra surpasses 75 mn new app users, achieves record customer growth")
Indian exporters on Amazon see over 80% business growth during BFCM sale
Customers across global markets shopped from Indian exporters on Amazon Global Selling during the 11-day sale period
 "Indian exporters on Amazon see over 80% business growth during BFCM sale")
Agilitas Sports secures Rs 100 cr Investment from Nexus Venture Partners
Sport comprises 16 per cent of the Indian footwear market and is the fastest-growing segment
 "Agilitas Sports secures Rs 100 cr Investment from Nexus Venture Partners")
India's e-retail market estimated to reach over $160 bn by 2028: Report
The market has experienced strong growth post-pandemic, with an estimated value of $57-$60 billion in 2023, according to the report
 "India's e-retail market estimated to reach over $160 bn by 2028: Report")
Fashion D2C brand Snitch secures Rs 110 crore in series A funding
The firm said this funding round stands out, especially at a time when many late-stage D2C brands struggle to secure capital
 "Fashion D2C brand Snitch secures Rs 110 crore in series A funding")
Google supports women-led AI startups in tech innovation, sustainability
Google for Startups Accelerator programme is designed to enable women entrepreneurs who are using technology to solve complex problems and are making a positive impact on society
 "Google supports women-led AI startups in tech innovation, sustainability")
How well can govt's dark pattern rules curb customer manipulation online?
You looked for tickets on a travel website and it showed a particular price. But, within minutes, the price increased
 "How well can govt's dark pattern rules curb customer manipulation online?")
Apple supplier Foxconn to invest additional Rs 13,911 cr in Karnataka
The SHLCC approved Apple supplier Foxconn's proposal to invest an additional Rs 13,911 crore. The company has already received approval to invest Rs 8,000 crore in the state
 "Apple supplier Foxconn to invest additional Rs 13,911 cr in Karnataka")
Indian consumertech industry to reach $300 billion by 2027: Report
The unlocking of India's consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions
 "Indian consumertech industry to reach $300 billion by 2027: Report")
Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months
Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply
 "Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months")
Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%
The Bhavish Aggarwal-led company said that it has set in motion a few initiatives for strong growth and profitability in the near future
 "Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%")
AI startups that help fight cancer, fraud picked for Google accelerator
20 companies will be mentored for solutions that 'positively impact various industries and transform lives', says tech giant
 "AI startups that help fight cancer, fraud picked for Google accelerator")
Digital public infrastructure fuelling innovation, says Nandan Nilekani
Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online
 "Digital public infrastructure fuelling innovation, says Nandan Nilekani")
ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer
Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech
 "ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer")
MPL's revenue surges 63% to $104.6 mn in FY23; losses narrowed by over 70%
The gaming unicorn has derived 38% of this revenue from its operations in international markets up from 11 per cent in FY22
 "MPL's revenue surges 63% to $104.6 mn in FY23; losses narrowed by over 70%")
1 mn new customers likely to shop from 2,300,000 styles at Myntra EORS sale
Several brands are expected to witness high traction. Some of them include Jack & Jones, Lakme, Rare Rabbit, Boat, Wildcraft, OnePlus, Mango, Forever 21, and Roadster, among others
 "1 mn new customers likely to shop from 2,300,000 styles at Myntra EORS sale")
Swiggy appoints Anand Kripalu as independent director, chairperson of board
Kripalu holds a Bachelor of Technology in Electronics from IIT, Madras, and an MBA from IIM, Calcutta. He completed his Advanced Management Program at Wharton Business School
 "Swiggy appoints Anand Kripalu as independent director, chairperson of board")
Defence manufacturer CoreEL Tech secures $16 mn funding from 360 ONE Asset
The Bengaluru-based firm's products have been deployed in India's next-generation radars, missiles, electronic warfare and avionics
 "Defence manufacturer CoreEL Tech secures $16 mn funding from 360 ONE Asset")
The Sleep Company secures Rs 184 cr in Series C funding from Premji Invest
The sleep and sitting solutions firm has plans to open a total of 100 stores in the next six months, reinforcing its Pan-India presence across Tier I and Tier II markets
 "The Sleep Company secures Rs 184 cr in Series C funding from Premji Invest")