 "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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Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs
The city, which has seen its startups raising $31 bn in the past decade, is home to 44% of India's unicorns and 43 per cent of 'soonicorns'
 "Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs")
Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth
The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India
 "Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth")
ZestMoney to disburse credit worth $400 mn, partners with Northern Arc
ZestMoney said its technology platform provides easy access to consumer loans to millions of Indian households, which currently have no access to credit cards or any other formal financing options
 "ZestMoney to disburse credit worth $400 mn, partners with Northern Arc")
HCG becomes first hospital in India to digitise histopathology diagnosis
Digital diagnosis is now the default diagnosis of the lab for surgical pathology and 100% of FFPE slides are digitally scanned into high-resolution digital images
 "HCG becomes first hospital in India to digitise histopathology diagnosis")
How Flipkart is automating its supply chain with robotics, machine learning
The e-commerce giant is using robots to automate its supply chain and bring the next 200 million customers online
 "How Flipkart is automating its supply chain with robotics, machine learning")
Walmart, Flipkart invest in Ninjacart to take on Amazon in grocery business
Flipkart is betting big on the grocery segment and is planning to scale its service across India, including tier-II and-III cities, in the next five years
 "Walmart, Flipkart invest in Ninjacart to take on Amazon in grocery business")
Data protection Bill arms Centre with exemption powers; tech firms worried
It may possibly be referred to a joint select committee subsequently
 "Data protection Bill arms Centre with exemption powers; tech firms worried")
Observe.AI, provider of AI solutions to call centre agents, raises $26 mn
This round, which takes the company's total funding to $34 million, will allow Observe.AI to expand its US-India team globally and accelerate product development
 "Observe.AI, provider of AI solutions to call centre agents, raises $26 mn")
Flush with funds, home security tech startup MyGate goes on expansion spree
The company has forayed into Gujarat where it is aiming to secure 150,000 homes
 "Flush with funds, home security tech startup MyGate goes on expansion spree")
Scooter-sharing start-up Bounce's valuation may hit $500 mn on new funding
Bounce has already crossed 100,000 rides per day in Bengaluru; this puts it at par with global players such as scooter-rental companies Lime and Bird
 "Scooter-sharing start-up Bounce's valuation may hit $500 mn on new funding")
Flipkart unveils smart assistant to handhold first-time e-commerce users
The platform would help Flipkart to tap consumers across tier II, III cities and beyond in rural India, as it seeks to bring the next 200 million consumers online.
 "Flipkart unveils smart assistant to handhold first-time e-commerce users")
Ola begins onboarding drivers in London as rival Uber loses licence
Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app
 "Ola begins onboarding drivers in London as rival Uber loses licence")
UK exploring AI, fintech partnerships with India: High Commissioner Asquith
UK was creating tech clusters in India to build these technologies and bring their applications to the market, British High Commissioner to India Dominic Asquith told Peerzada Abrar in an interview
 "UK exploring AI, fintech partnerships with India: High Commissioner Asquith")
Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others
The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line
 "Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others")
India is critical for Telstra's technology innovations, says CEO & MD Penn
Telstra is looking at co-innovating with Indian startups in emerging technology areas, says CEO Andrew Penn
 "India is critical for Telstra's technology innovations, says CEO & MD Penn")
Fireside Ventures announces closing of Fund II, investment in Gynoveda
Fund II of Fireside is anchored by Indian and global investors and institutions
 "Fireside Ventures announces closing of Fund II, investment in Gynoveda")
These Chennai engineers use IoT devices and software to curb water wastage
WEGoT Technologies is looking at save 10 billion litres of water by 2022 using sensor-based IoT devices and software platform
 "These Chennai engineers use IoT devices and software to curb water wastage")
Food company Wingreens Farms Raises Rs 125 crore in Series B funding
Gurgaon-based company says will use investment to bump up distribution network and new products.
 "Food company Wingreens Farms Raises Rs 125 crore in Series B funding")
Govt lists Personal Data Protection Bill for parliament's winter session
The bill deals with handling and processing of consumer data by corporates, including restrictions and penalties
 "Govt lists Personal Data Protection Bill for parliament's winter session")
India bet pays for Walmart Int'l, Flipkart helps US giant's Q3 net sales
Operating income takes a hit owing to $290 million impairment towards Jabong merger with Myntra.
 "India bet pays for Walmart Int'l, Flipkart helps US giant's Q3 net sales")