 "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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Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal
As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan
 "Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal")
Uber India created Rs 44,600 cr in value for economy in 2021: Report
Study commissioned by ride-hailing firm says its services help riders, drivers and communities save money and time
 "Uber India created Rs 44,600 cr in value for economy in 2021: Report")
Startups increasingly raising venture debt as investors fear funding winter
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
 "Startups increasingly raising venture debt as investors fear funding winter")
Get a masterclass on the art of scale-up from start-up wizards
Tech world's prime-movers set up Artha School of Entrepreneurship.
 "Get a masterclass on the art of scale-up from start-up wizards")
Zomato discontinues premium membership, aims to craft a new programme
The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock deal
 "Zomato discontinues premium membership, aims to craft a new programme")
upGrad launches new upskilling programme; aims to enable 75,000 jobs
Bucking the slowdown trend within the edtech sector, upGrad said it has remained bullish with its program completion rate of 80 per cent
 "upGrad launches new upskilling programme; aims to enable 75,000 jobs")
Algo Rhythm: Technology transforming Indian health-care ecosystem
Here are the main highlights of the report, titled Healthcare in India - Transforming Through Innovation
 "Algo Rhythm: Technology transforming Indian health-care ecosystem")
Nandan Nilekani's Fundamentum raises $227 million in second fund
Fundamentum plans to fund enterprises that have attained product-market fit and developed momentum in their scale-up journey
 "Nandan Nilekani's Fundamentum raises $227 million in second fund")
Flipkart $100 mn venture fund invests in 6 startups, will mentor them
Companies with a range of innovations will receive an equity investment of up to $500,000
 "Flipkart $100 mn venture fund invests in 6 startups, will mentor them")
Razorpay acquires Ezetap for $200 mn; forays into offline payments
Ezetap serves 500,000 touchpoints, including the likes of Amazon and BigBasket, works closely with India's largest banks and it processes over $10 billion in annual transactions on its platform
 "Razorpay acquires Ezetap for $200 mn; forays into offline payments")
Swiggy appoints Rohit Kapoor as CEO for its Food Marketplace business
With over 20 years of industry experience, Kapoor has held various leadership positions in sales and finance roles in leading companies such as Max India Limited and Mckinsey & Company
 "Swiggy appoints Rohit Kapoor as CEO for its Food Marketplace business")
After Amazon, Flipkart fined for allowing sale of poor quality cookers
CCPA has directed Flipkart to recall all such 598 pressure cookers sold on its platform, reimburse their buyers, and submit a compliance report within 45 days
 "After Amazon, Flipkart fined for allowing sale of poor quality cookers")
Logistics unicorn Ecom Express sets up warehouse to serve Bengaluru
Fulfilment centre will create close to 1000 direct and indirect jobs, says company
 "Logistics unicorn Ecom Express sets up warehouse to serve Bengaluru")
Ola Electric unveils one of India's 'fastest' cars; 0-100 Km/h in 4 seconds
Ola Electric has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments
 "Ola Electric unveils one of India's 'fastest' cars; 0-100 Km/h in 4 seconds")
'Would never acquire a loss-making business': Ola CEO on merger with Uber
The Covid-19 pandemic has hurt the transportation industry. But Ola said it is one of the most profitable ride-hailing companies in the world with a strong balance sheet
 "'Would never acquire a loss-making business': Ola CEO on merger with Uber")
RBI guidelines may lead to high compliance cost for digital lending apps
Industry associations are likely to approach the RBI to weed out any interpretational ambiguity
 "RBI guidelines may lead to high compliance cost for digital lending apps")
Prep for funding winter: SoftBank warns its portfolio firms of cost cutting
Japanese tech investor asks portfolio firms to conserve cash reserves for 12-24 months
 "Prep for funding winter: SoftBank warns its portfolio firms of cost cutting")
Changing customer behaviour helps establish new age e-commerce models
New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come
 "Changing customer behaviour helps establish new age e-commerce models")
SoftBank-backed Meesho adds 8 Indian languages to tap more users
Social commerce platform seeks to widen reach during festival season in the country
 "SoftBank-backed Meesho adds 8 Indian languages to tap more users")
Amazon sets up grant for Indian entrepreneurs to build logistics business
Programme will help women, persons with disability, and people from the LGBTQIA+ community
 "Amazon sets up grant for Indian entrepreneurs to build logistics business")