 "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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Mobility fintech firm Moove, Uber partner to provide financing to drivers
Moove provides vehicle financing to mobility entrepreneurs to help them buy brand new cars using a percentage of their weekly revenue
 "Mobility fintech firm Moove, Uber partner to provide financing to drivers")
Facebook co-founder's VC firm eyes digital health tech and fintech
It is also looking to invest in logistics and supply chain, helping industries to scale up digitisation
 "Facebook co-founder's VC firm eyes digital health tech and fintech")
Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites
DoT and MeitY to issue blocking order for domain names identified by Meesho in suit
 "Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites")
Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on
Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer
 "Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on")
Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report
In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021
 "Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report")
NCLT admits Bank of India's insolvency petition against Future Retail
IRP appointed; corporate insolvency resolution process to start against the retailer
 "NCLT admits Bank of India's insolvency petition against Future Retail")
Simple-to-use tech platform helps Meesho penetrate India's hinterlands
Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs
 "Simple-to-use tech platform helps Meesho penetrate India's hinterlands")
Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund
Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India
 "Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund")
Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit
'Unique and cutting-edge' state-of-the-art battery innovation centre in Bengaluru to be world's largest
 "Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit")
Uber adds safety net: Riders can now share live location updates with cops
Riders or drivers will be able to share their live location along with their name and contact details at the swipe of a button on the Uber app with the police
 "Uber adds safety net: Riders can now share live location updates with cops")
Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car
Ola Electric aims to become a vertically integrated e-mobility player across two-wheelers and passenger cars; sees a $1 trillion opportunity at a volume of 155 million units
 "Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car")
Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia
The international business is so critical that the firm's other co-founder Phalgun Kompalli, has shifted to the US to lead businesses within the brand there
 "Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia")
BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr
BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities
 "BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr")
Uber rolls out a slew of changes after forming driver advisory council
Uber has decided to do away with the trip acceptance threshold and rolled out the unconditional upfront drop-off destination feature
 "Uber rolls out a slew of changes after forming driver advisory council")
Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion
"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire
 "Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis
The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
E-commerce giants offer tech-friendly policies to woo offline sellers
They are offering new-age tech based products such as AI-led cataloguing, coupled with easy settlements and attractive platform fees that enable ease of doing e-commerce business
 "E-commerce giants offer tech-friendly policies to woo offline sellers")
Have made India's first indigenously made lithium ion-cell, says Ola
Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle
 "Have made India's first indigenously made lithium ion-cell, says Ola")