 "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 82 - Peerzada Abrar
Start-ups tap venture debt to stay afloat amid funding winter, say experts
The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments
 "Start-ups tap venture debt to stay afloat amid funding winter, say experts")
Karnataka High Court asks state govt, Ola and Uber to reach a consensus
Ola and Uber moved the court challenging an order issued by the State Transport Department effectively banning auto-rickshaw rides through their apps, following multiple complaints of overcharging
 "Karnataka High Court asks state govt, Ola and Uber to reach a consensus")
Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances
Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech
 "Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances")
Edtech platform Vedantu takes majority stake in Deeksha for $40 mn
This partnership seeks to leverage Vedantu's technology and integrate it into offline centers to create a scalable hybrid model
 "Edtech platform Vedantu takes majority stake in Deeksha for $40 mn")
Will hire 10,000 teachers in next 6 months, says Byju's co-founder
The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023
 "Will hire 10,000 teachers in next 6 months, says Byju's co-founder")
Byju's to lay off 2,500 staffers, targets profitability by March
The company is also realigning marketing spending to enhance its global footprint
PotHoleRaja: How one start-up is fixing roads the eco-friendly way
PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads
 "PotHoleRaja: How one start-up is fixing roads the eco-friendly way")
Fireside Ventures announces final close of third fund at $225 million
Fireside is betting big on market for D2C brands in India which is set to touch $100 billion by 2025
 "Fireside Ventures announces final close of third fund at $225 million")
Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report
The top three sectors to receive maximum funding this quarter were alternative lending, genomics and payments
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
 "India's e-retail market to increase to $150 bn-$170 bn by 2027: Report")
Licious launches D2C plant-based meat brand, eyes pole position within a yr
The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.
 "Licious launches D2C plant-based meat brand, eyes pole position within a yr")
Uber, Ola respond to Karnataka govt notice, say fares comply with rules
Mobility players such as Ola, Uber and Rapido were asked to stop their auto-rickshaw services in Bengaluru in three days; state transport dept had issued notices to these firms on Thursday
 "Uber, Ola respond to Karnataka govt notice, say fares comply with rules")
Meesho surpasses Amazon in festive order volumes, Flipkart leads the market
E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events
 "Meesho surpasses Amazon in festive order volumes, Flipkart leads the market")
Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares
Action after complaints of overcharging
 "Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares")
Festival sales: Consumer firms see robust demand across categories
E-commerce firms and online retailers too have been having swinging times
 "Festival sales: Consumer firms see robust demand across categories")
Cleartrip 2.0: The second coming of the 16-year-old travel company
Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms
 "Cleartrip 2.0: The second coming of the 16-year-old travel company")
Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC
Company will use the money to strengthen manufacturing, supply chain and hire talent
 "Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC")
Algo rhythm: Over 14 million cyber-attacks blocked daily, says report
The report is the outcome of an analysis of more than 1,200 websites and over 12 billion requests that the Indusface AppTrana network received in August-September 2022
 "Algo rhythm: Over 14 million cyber-attacks blocked daily, says report")
Big Billion Days: Flipkart witnesses over 1 billion customer visits
The e-commerce firm also said TBBD 2022 marked more than 100 per cent increase in crorepati sellers on the marketplace since the last edition
 "Big Billion Days: Flipkart witnesses over 1 billion customer visits")
SoftBank-backed Meesho records nearly 68% jump in festival sales
Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.