 "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 96 - Peerzada Abrar
Personal care brand Nat Habit raises $4 mn in Series A funding round
Gaurav Agarwal, co-founder of Nat Habit, said that the firm has been able to build the brand primarily using its own website, with just 10 per cent of the revenue coming from the marketplaces
 "Personal care brand Nat Habit raises $4 mn in Series A funding round")
Beauty, personal products maker Believe raises $55 mn in Series C funding
The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.
 "Beauty, personal products maker Believe raises $55 mn in Series C funding")
TechEagle launches Vertiplane X3, fastest multipurpose hybrid Indian drone
The product aims to bring healthcare to the hinterlands, meet needs of maritime and defence sectors, and strengthen conventional logistics supply chain
 "TechEagle launches Vertiplane X3, fastest multipurpose hybrid Indian drone")
SaaS firm Everstage raises $13 mn to expand and serve customers worldwide
Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital
 "SaaS firm Everstage raises $13 mn to expand and serve customers worldwide")
Edtech entrepreneur Ashwin Damera invests Rs 240 cr in InnoVen Capital Fund
Damera is co-founder of Eruditus and Emeritus, a leading global ed-tech platform currently valued at $3.2 billion
 "Edtech entrepreneur Ashwin Damera invests Rs 240 cr in InnoVen Capital Fund")
IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs
Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors
 "IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs")
Video editing tech firm VideoVerse raises $46.8 mn to expand globally
In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast
 "Video editing tech firm VideoVerse raises $46.8 mn to expand globally")
Gupshup acquires Bengaluru-based conversational AI provider AskSid
The acquisition strengthens Gupshup's AI-powered conversational solutions for e-commerce, retail and consumer goods industries
 "Gupshup acquires Bengaluru-based conversational AI provider AskSid")
Pine Labs announces key appointments to strengthen senior leadership
Pine Labs has appointed Varun Varma as the head of Strategy and Corporate Development and Jagriti Bhattacharya, who joins as general counsel.
 "Pine Labs announces key appointments to strengthen senior leadership")
Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum
Flipkart's M&A strategy is helping it tap new business areas, get access to innovation and vie with players like Amazon, Reliance's JioMart and Tata-backed BigBasket, say to analysts
 "Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum")
Strong rebound in India's job market post pandemic, says Apna report
Beauty, wellness industry sees huge increase in openings in the March quarter; highest momentum in logistics, IT
 "Strong rebound in India's job market post pandemic, says Apna report")
Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B
The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn
Myntra moves to new fashion, tech and sustainability oriented office
300,000 st ft premises is situated in Outer Ring Road at Kadubeesanahalli, Bengaluru
 "Myntra moves to new fashion, tech and sustainability oriented office")
Ecom Express aims to have 50% of its fleet transitioned to EVs by 2025
Ecom Express has been working to put in place the infrastructure to support the EV roll-out including the charging facility.
 "Ecom Express aims to have 50% of its fleet transitioned to EVs by 2025")
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper
Restaurant management platform raises $24mn in series B funding
 "Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper")
Microsoft bets on e-commerce firm Udaan with play in convertible note round
Top tech firm joins host of other global investors in the Bengaluru-based B2B platform; move could set the stage for Udaan to go public in 18 months and boost its valuation then
 "Microsoft bets on e-commerce firm Udaan with play in convertible note round")
Not big players, but small brands catering to the needs of India: CAIT
CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country
 "Not big players, but small brands catering to the needs of India: CAIT")
Flipkart's social commerce arm Shopsy may hit 100 mn users this year
Social commerce is expected to be about a $70 billion market opportunity in the next few years
 "Flipkart's social commerce arm Shopsy may hit 100 mn users this year")
Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products
Event will have artisans, weavers, people with disabilities and rural and urban women from SHGs. The two-day sale event goes Live on April 15-16, ahead of World Artisan Day
 "Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products")