 "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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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")
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")
OYO hits weekend with over 300K bookings; surpasses New Year's bookings
OYO also observed a 134 per cent jump in weekend vs weekday bookings during the festive weekend in 2022 vs 111 per cent in 2019.
 "OYO hits weekend with over 300K bookings; surpasses New Year's bookings")
PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition
PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million
 "PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition")
PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month
The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country
Ola bets on 10-minute delivery promise, but experts sceptical
Finger in too many pies? Market doesn't reward confusing narrative, they say
 "Ola bets on 10-minute delivery promise, but experts sceptical")
Performance management startup Mesh raises $11 mn for US, APAC expansion
The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.
 "Performance management startup Mesh raises $11 mn for US, APAC expansion")
Amazon says anyone aiding FRL shareholders meeting is party to fraud
In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL
 "Amazon says anyone aiding FRL shareholders meeting is party to fraud")
Top court refuses to entertain BharatPe's petition against PhonePe
Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'
Pine Labs makes majority investment in payment solution provider Mosambee
The leadership team at Mosambee will continue to operate independently.
 "Pine Labs makes majority investment in payment solution provider Mosambee")
Data-rich local Indian content provides fertile ground for tech companies
From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms
Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy
Aggarwal on Tuesday tweeted that he is not retiring as has been portrayed by some media reports
 "Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy")
Byju's names Amazon veteran VP tech as it scales up learning products
In his new role, Vedhanarayanan Ganeshkumar will also build and lead a talented team of engineers, software development managers, product managers, program managers
 "Byju's names Amazon veteran VP tech as it scales up learning products")
SoftBank-backed Meesho lays off 150 employees from grocery vertical
Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent
 "SoftBank-backed Meesho lays off 150 employees from grocery vertical")
Google-backed Glance launches live content platform for smart TVs
Glance TV aims to be present on approximately 30 per cent of all smart TVs in India soon
 "Google-backed Glance launches live content platform for smart TVs")
Amazon's apps witness nearly 500 mn cumulative downloads in India
Amazon counts Walmart-owned Flipkart, Reliance's JioMart and Tata among its rivals to tap the booming e-commerce market, which is expected to reach $350 billion by 2030 from $45-50 billion now
 "Amazon's apps witness nearly 500 mn cumulative downloads in India")
Flipkart launches its first grocery fulfilment centre in Northeast
The facility will cater to grocery needs of customers in over 800 pin codes across Guwahati and neighbouring cities and towns
 "Flipkart launches its first grocery fulfilment centre in Northeast")
SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive
That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March
 "SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive")