 "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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Most valued edtech firm Byju's starts two-teacher model to improve learning
Under this model, one teacher uses strong visuals and storytelling to explain topics in-depth, the other solves instant doubts, pays individual attention and makes sessions more engaging
 "Most valued edtech firm Byju's starts two-teacher model to improve learning")
Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition
Aakash Educational Services will launch 106 new centres across the country in the next 5 months including reaching Tier-3 and Tier-4 cities and towns.
 "Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition")
Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%
Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year
Covid therapy to kindness for burnout: E-commerce cos put staff care on top
The firms are continuing to prioritise employee well-being ranging from support for Covid treatment including hospitalisation to providing facilities for physical and mental health
 "Covid therapy to kindness for burnout: E-commerce cos put staff care on top")
Amazon Retail launches agronomy services to empower farmers with technology
The initiative includes introducing machine learning tech for better produce and build a robust supply chain infra
 "Amazon Retail launches agronomy services to empower farmers with technology")
Amazon unveils DSP 2.0 to help aspiring entrepreneurs launch delivery biz
With this offering, new entrepreneurs can start their businesses with low start-up costs
 "Amazon unveils DSP 2.0 to help aspiring entrepreneurs launch delivery biz")
Amazon asks Sebi to comply with SC order related to $3.4-bn Future-RIL deal
In January this year, the market regulator had given a go-ahead for Future Group's scheme of arrangement and sale of assets to Reliance
D2C sports brand Elevar raises funding from Kalaari, Dream Sports
The company will utilise the funds towards expanding its product portfolio, increasing its marketing efforts, and building out its team.
 "D2C sports brand Elevar raises funding from Kalaari, Dream Sports")
Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
In the coming weeks and leading up to 2022, Dunzo will be deploying over 300 micro fulfillment centres across 700 neighborhoods in the country, facilitating deliveries in under 19 mins
 "Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%")
Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam
Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years
 "Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam")
Flipkart strengthens its supply chain network ahead of the festive season
The new facilities would create more employment opportunities while enabling faster deliveries for consumers
 "Flipkart strengthens its supply chain network ahead of the festive season")
Tripling India sourcing to $10 bn a year by 2027: Walmart Int'l CEO
Judith McKenna said the Covid-19 pandemic highlighted the importance of Walmart's flexible, agile and diversified global supply chain
 "Tripling India sourcing to $10 bn a year by 2027: Walmart Int'l CEO")
11,000 offline stores in Maharashtra are now part of Amazon's 'Local Shops'
With the upcoming festive season, the e-commerce firm said it is focused on helping 'Local Shops' grow their business and recover from the economic disruption caused by the pandemic
 "11,000 offline stores in Maharashtra are now part of Amazon's 'Local Shops'")
Manipal Hospitals launches Radixact System for precise cancer treatment
The technology minimises damage to healthy tissue by delivering high-precision radiation to tumour region which moves with respiration
 "Manipal Hospitals launches Radixact System for precise cancer treatment")
India has its own rules, we must comply with them: Walmart CEO McMillon
Says Flipkart business has now reached over 300,000 marketplace sellers and PhonePe business has more than 300 million users
 "India has its own rules, we must comply with them: Walmart CEO McMillon")
Google ramps up its India commitment for a safer internet for everyone
The tech giant has increased resources in India to respond to online threats, launched an updated Google Safety Centre in Indian languages, and is introducing global kids safety programme here
 "Google ramps up its India commitment for a safer internet for everyone")
VC firm Prime announces 4th fund of $100 mn with first close of $75 mn
The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms
 "VC firm Prime announces 4th fund of $100 mn with first close of $75 mn")
He sold his firm to Facebook and is now building voice tech for the world
Kumar Rangarajam's firm Slang Labs has pioneered the concept of voice assistant as a service (VAaaS), and aims to reduce thought to action latency among those coming online for the first time
 "He sold his firm to Facebook and is now building voice tech for the world")
Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale's new plan
The digital B2B marketplace has announced the launch of industry-first credit programmes that aim to help kiranas manage their working capital and grow their business
 "Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale's new plan")
Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn
The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors
 "Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn")