 "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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Razorpay appoints former AWS executive Murali Brahmadesam as new CTO
Technology veteran will lead fintech unicorn's engineering strategy and development
 "Razorpay appoints former AWS executive Murali Brahmadesam as new CTO")
Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes
Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft
 "Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes")
Krishna Vedati named as Byju's president for global growth and strategy
He will report to co-founder and CEO Byju Raveendran and join the company's executive committee
 "Krishna Vedati named as Byju's president for global growth and strategy")
Edtech firms build brick-and-mortar centres across India to woo students
Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic
 "Edtech firms build brick-and-mortar centres across India to woo students")
Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study
Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30
 "Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study")
Udaan lays off about 180 employees in a move to drive cost-efficiency
The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months
 "Udaan lays off about 180 employees in a move to drive cost-efficiency")
Will cross $1-bn revenue run rate by year-end, predicts Ola Electric
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
 "Will cross $1-bn revenue run rate by year-end, predicts Ola Electric")
Intel expands in India, unveils new design and engineering centre
While unveiling chip giant Intel's new facility in India, Rajeev Chandrasekhar said that by 2025, India's digital economy should reach $1 trillion
 "Intel expands in India, unveils new design and engineering centre")
3 friends set on a new path of building Udaan into a global public company
India's largest business-to-business e-commerce platform said it has achieved positive unit economics and gearing up for an IPO
 "3 friends set on a new path of building Udaan into a global public company")
Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn
Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay
 "Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn")
Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru
Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023
 "Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru")
Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn
Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia
 "Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn")
Corp governance focus must for building world-class cos: Sequoia's Anandan
Speaks of potential to create 100 million jobs, generated by both big tech and startups in areas such as food delivery, ride-hailing, energy storage and agritech
 "Corp governance focus must for building world-class cos: Sequoia's Anandan")
Amazon Retail India enters Gujarat, to source directly from farmers
The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers
 "Amazon Retail India enters Gujarat, to source directly from farmers")
Local language tech platform VerSe goes global, expands to West Asia
VerSe Innovation, which was recently valued at $5 billion in a funding round, has rolled out the offering of its content platform Dailyhunt in the Middle East countries
 "Local language tech platform VerSe goes global, expands to West Asia")
Millions of customers shopped during End Of Season Sale event: Flipkart
Flipkart said it saw a resurgence in consumption and a drastic increase in engagement post the pandemic during the company's End of Season Sale
 "Millions of customers shopped during End Of Season Sale event: Flipkart")
Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
 "Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car")
Customers may see lower discounts, fewer end-of-season stocks on sale
Sale days are also likely to be reduced as retailers emerge from pandemic to post strong surge in business-as-usual (BAU) sales
 "Customers may see lower discounts, fewer end-of-season stocks on sale")
Logistics firm Delhivery to provide same-day delivery in 15 cities
Service will improve consumer experience and reduce return rates, says company that recently launched an IPO
AlphaSense looks to increase India presence, raises $225 mn in funding
The firm said its annual recurring revenue (ARR) now exceeds $100 million
 "AlphaSense looks to increase India presence, raises $225 mn in funding")