 "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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Creator India's first web portals in 1990s aims to take his tech co public
Netcore Cloud today serves over 5,000 clients in 18 countries, delivering 12 bn emails and tracking 100 bn events a month for world's top marketers. It is now planning an IPO in 15-18 months
 "Creator India's first web portals in 1990s aims to take his tech co public")
Byju's on an acquisition spree, buys Great Learning for $600 mn
The edtech decacorn has now spent over $2 billion for acquisitions over the last six months
 "Byju's on an acquisition spree, buys Great Learning for $600 mn")
Prime Day: Amazon India sees highest participation from small businesses
Customer from 96 per cent pincodes of India place orders during Amazon's Prime Day event
 "Prime Day: Amazon India sees highest participation from small businesses")
Skincare brand Minimalist raises Rs 110 crore through multiple investors
The round was led by Sequoia Capital India, with participation from Unilever Ventures, the venture capital arm of British multinational consumer goods company.
 "Skincare brand Minimalist raises Rs 110 crore through multiple investors")
Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
 "Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr")
India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion
Online automobile marketplace expects to benefit from customers looking to own vehicles, avoid public transport.
 "India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion")
Skymet raises funds to boost tech for accurate forecast of floods, cyclones
Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region
Skymet raises funds to boost tech for accurate forecast of floods, cyclones
Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region
 "Skymet raises funds to boost tech for accurate forecast of floods, cyclones")
No prima facie evidence with CCI and HC to order probe: Flipkart tells SC
Karnataka HC last week upheld a single-judge order dismissing Amazon and Flipkart pleas challenging a probe initiated by CCI for alleged competition law violations
 "No prima facie evidence with CCI and HC to order probe: Flipkart tells SC")
Bandhoo raises $1.1 mn funding to make labour market more transparent
Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.
 "Bandhoo raises $1.1 mn funding to make labour market more transparent")
Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore
The top-up was led by marquee global venture capital firm Accel along with existing investors
 "Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore")
Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T
G.O.A.T was founded by Rameswar Misra and Rishi Vasudev, a veteran retail executive, who previously headed Flipkart's fashion business.
 "Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T")
SoftBank-backed Unacademy acquires game streaming platform Rheo TV
Unacademy will fully acquire Rheo TV and enable exit of all existing investors; deal value not disclosed
 "SoftBank-backed Unacademy acquires game streaming platform Rheo TV")
India R&D team plays a key role in development of OnePlus 5G phone
The OnePlus smartphone portfolio will continue to be 'Made in India' including flagship and Nord series, which also includes the upcoming OnePlus Nord 2, says OnePlus India
 "India R&D team plays a key role in development of OnePlus 5G phone")
Bizongo scales to $150 mn in annualised revenue, nears profitability
Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group
 "Bizongo scales to $150 mn in annualised revenue, nears profitability")
'Zomato's stellar IPO to have positive impact on foodtech firms' valuation'
Apart from Swiggy, Zomato's biggest competitor, Rebel Foods, Dunzo, Ola Foods will also be fancying their chances of a blockbuster listing or more private equity funding, say experts
 "'Zomato's stellar IPO to have positive impact on foodtech firms' valuation'")
Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart
The Court upheld a single-judge order dismissing pleas filed by Amazon and Flipkart challenging a probe initiated by the Competition Commission for alleged breach of competition law
 "Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart")
Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club
BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base
 "Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club")
Amazon Business offers deals to Indian businesses for Prime Day sale event
Aims to empower MSMEs by offering over 150 mn GST-enabled products across top categories; there are over 370,000 vendors selling to business customers on Amazon Business
 "Amazon Business offers deals to Indian businesses for Prime Day sale event")
Amazon launches fulfilment centre programme for sellers in small town India
The Multi-Seller Flex programme would enable Amazon to offer customers a wider Prime selection and faster deliveries and create thousands of indirect jobs in tier 2 and below geographies.