 "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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Amazon plans to create one million new jobs in India by 2025: Jeff Bezos
Hiring talent would fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support
 "Amazon plans to create one million new jobs in India by 2025: Jeff Bezos")
Food delivery app Zomato raises Rs 353 crore from Antfin Singapore
This money will help the firm compete with firms like Swiggy, Uber Eats in the delivery space
 "Food delivery app Zomato raises Rs 353 crore from Antfin Singapore")
Field service automation start-up Zinier raises $90 million funding
The funding would help it to transform field service workforces with artificial intelligence-driven automation
 "Field service automation start-up Zinier raises $90 million funding")
Walmart's PhonePe dives deeper into Indian financial services market
The start-up says Liquid Fund will allow its users to earn higher returns on savings with the ability to withdraw their money instantly 24x7
 "Walmart's PhonePe dives deeper into Indian financial services market")
How supply chain firm Ninjacart is connecting farmers, retailers using tech
Ninjacart connects through a network of more than 200 collection centres and 1,200 warehouses across the country
 "How supply chain firm Ninjacart is connecting farmers, retailers using tech")
Personal care startup Mamaearth raises Rs 130 cr led by Sequoia
The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd
 "Personal care startup Mamaearth raises Rs 130 cr led by Sequoia")
Walmart's Flipkart unveils new payment solution for frictionless shopping
The e-commerce company has unveiled Visa Safe Click (VSC), powered by Visa, which eliminates the need for OTP and points of friction, such as cart abandonment, connectivity and incorrect passwords
 "Walmart's Flipkart unveils new payment solution for frictionless shopping")
SoftBank-backed Findability needs 100k citizen data scientists from India
Founder and CEO Anand Mahurkar said the company is expanding its operations in India and aiming to attract citizen data scientists to build various applications on the AI platform
 "SoftBank-backed Findability needs 100k citizen data scientists from India")
After metro, Bounce's scooters to be available at railway stations
The firm has won a competitive bid to provide its dockless scooter-sharing service at the railway stations in Karnataka making it the first such startups to win such a deal
 "After metro, Bounce's scooters to be available at railway stations")
Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
 "Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year")
Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
 "Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held")
Myntra processes 13,000 orders per minute at peak of festive sale
600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns
 "Myntra processes 13,000 orders per minute at peak of festive sale")
E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO
Jain who has been a finance leader with exposure to large multi-location and transnational revenues, will play a key role in Ather's aggressive expansion plans
 "E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO")
Bombay Shaving Company raises Rs 45 crore in Series B funding round
The beauty and personal care (BPC) market in India, which stood at $16 billion in 2018, is expected to grow to $22.5 billion by 2022
 "Bombay Shaving Company raises Rs 45 crore in Series B funding round")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
The start-up raised over $275 million from Softbank Vision Fund
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Salesforce to train 250,000 students for future tech jobs in India by 2022
According to a recent study by research firm IDC, the Salesforce economy will create 548,400 direct jobs and $67 billion in new business revenues in India, between 2019 and 2024
 "Salesforce to train 250,000 students for future tech jobs in India by 2022")
Goldman Sachs leads Rs 100 crore investment round in fintech firm ZestMoney
The Bengaluru-based startup expects to cross an annual run rate of over $1 billion in disbursal run rate in less than 18 months
 "Goldman Sachs leads Rs 100 crore investment round in fintech firm ZestMoney")
Micron Technology appoints Anand Ramamoorthy to head India operations
The US memory chip giant is eyeing opportunities in India to provide its technology to the government, large Indian enterprises and small and medium companies
 "Micron Technology appoints Anand Ramamoorthy to head India operations")
Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year
Deeper penetration across India and significant growth in the number of paid subscribers have been the primary drivers of growth
 "Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year")