 "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.
Page 140 - Peerzada Abrar/1000
Flipkart's 'Big Billion Days' gave Walmart some cheer, and $30 bn in sales
McMillon said that the company also continues to see 'tremendous growth' at PhonePe, its digital payments arm
 "Flipkart's 'Big Billion Days' gave Walmart some cheer, and $30 bn in sales")
Now, Flipkart will collect plastic packaging used in orders from consumers
The e-commerce giant is conducting a pilot project to collect plastic packaging back from consumers at select hubs across Mumbai, Bengaluru, Dehradun, Delhi, Kolkata, Pune, and Ahmedabad
 "Now, Flipkart will collect plastic packaging used in orders from consumers")
Ola Electric inducts former Hyundai and Tata Motors exec onto its board
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms
 "Ola Electric inducts former Hyundai and Tata Motors exec onto its board")
Uber gives another push to its India plans with Rs 1,767-cr investment
Says it is the biggest tranche of capital infusion to Uber India by parent company
 "Uber gives another push to its India plans with Rs 1,767-cr investment")
Retail's tech backbone: India-built software drives likes of Walmart, Tesco
Walmart Labs has about 3700 people in India and most of them are based in Bengaluru
 "Retail's tech backbone: India-built software drives likes of Walmart, Tesco")
WhatsApp snooping: Castro stresses need for good cybersecurity policies
He says the government needs to come up with good policies to encourage digital literacy and collaborate with research institutes to identify various vulnerabilities
 "WhatsApp snooping: Castro stresses need for good cybersecurity policies")
Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%
The e-commerce company managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019.
 "Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%")
Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%
The company is integrating its offline merchant base with international sellers on a single platform in a bid to take on the competition such as Amazon and Flipkart
 "Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%")
Facebook plans to tap start-ups, small and medium businesses in India
Facebook aimed to enable the growth of small and medium businesses and entrepreneurship in the country
 "Facebook plans to tap start-ups, small and medium businesses in India")
CCI approves Hyundai and Kia's acquisition of shareholding in Ola
In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola
 "CCI approves Hyundai and Kia's acquisition of shareholding in Ola")
Venture capital firm Jungle Ventures raises $240 million for third fund
Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally
 "Venture capital firm Jungle Ventures raises $240 million for third fund")
E-commerce battle: Amazon to pump Rs 4,470 cr in India to take on Flipkart
The funding will help the US e-tailer take on Flipkart as well as competition from the yet-to-be-launched e-com business of RIL
 "E-commerce battle: Amazon to pump Rs 4,470 cr in India to take on Flipkart")
OnePlus dials into Bharat, says getting huge response from cities and towns
The firm is looking at going beyond the metro cities by scaling up its offline stores to over 5,000 and setting up more than 100 'experience centres' in the top 50 cities by next year
 "OnePlus dials into Bharat, says getting huge response from cities and towns")
Ola bets big on food biz, to launch portfolio of in-house food brands
Ola's food business will focus on becoming a food-first company with a massive kitchen infrastructure and a slew of brands
 "Ola bets big on food biz, to launch portfolio of in-house food brands")
Home security tech startup MyGate raises Rs 400 cr in series B funding
The firm processes over 60,000 requests per minute and facilitates over 45 million check-in requests every month to help apartments manage visitors, including guests, as well as deliveries and cabs
 "Home security tech startup MyGate raises Rs 400 cr in series B funding")
How Google is supporting young Indian firms with Launchpad programme
Wysa, an AI-based chat therapy platform for mental health, has an "emotionally intelligent" bot that acts as a virtual coach and responds to the users' emotions
 "How Google is supporting young Indian firms with Launchpad programme")
AI firm CleverTap raises $35 mn in funding round led by Tiger Global
Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia
 "AI firm CleverTap raises $35 mn in funding round led by Tiger Global")
Flipkart forays into original video content, takes on Amazon and Netflix
Integrated within the Flipkart Video platform, launched in August, Flipkart Video Originals will be produced by well-known industry figures
 "Flipkart forays into original video content, takes on Amazon and Netflix")
Flipkart appoints Jeyandran Venugopal chief product and technology officer
Venugopal will provide strategic leadership to the organisation and define the technology vision for the company with a specific focus on building future capabilities across product and engineering
 "Flipkart appoints Jeyandran Venugopal chief product and technology officer")
E-commerce firm Shopmatic buys CombineSell for an undisclosed amount
Shopmatic had previously acquired a 50.1% stake in retail management and point of sale solution provider Octopus
 "E-commerce firm Shopmatic buys CombineSell for an undisclosed amount")