 "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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Flipkart plans to roll out electric vehicles for last-mile deliveries
Flipkart is also setting up necessary charging infrastructure at its hubs in order to deploy EVs at large scale
 "Flipkart plans to roll out electric vehicles for last-mile deliveries")
Amazon optimistic about a stable ecommerce policy in India, says CFO
Company says this would help it continue investing in technology and infrastructure and create jobs
 "Amazon optimistic about a stable ecommerce policy in India, says CFO")
Tea retail chain Chai Point uses preference share route to raise Rs 60 cr
Co-founded by Harvard Graduate Amuleek Singh Bijral, Chai Point has emerged as one of the largest omni-channel beverage brands in the country
 "Tea retail chain Chai Point uses preference share route to raise Rs 60 cr")
Recko raises $1 million seed funding from Prime Venture Partners
The fintech startup provides AI-powered reconciliation for digital transactions; has processed transactions worth $2 billion in the first 12 months since launch
 "Recko raises $1 million seed funding from Prime Venture Partners")
Finance Minister Nirmala Sitharaman's Budget charges up India EV industry
Union Budget 2019 says GST on EV will be reduced from 12% to 5% and the government will give customers tax break.
 "Finance Minister Nirmala Sitharaman's Budget charges up India EV industry")
Ola expands global footprint, gets London licence to take on Uber
SoftBank-backed Ola has been steadily expanding its presence across the UK since it's entry into the region in August 2018 and is now present in 7 cities in the UK
 "Ola expands global footprint, gets London licence to take on Uber")
Telecom giant BT and IISc set up R&D centre to focus on AI, cybersecurity
The new BT India Research Centre will join BT's network of collaborative research facilities around the globe
 "Telecom giant BT and IISc set up R&D centre to focus on AI, cybersecurity")
Billionaire Mike Cannon-Brookes' firm Atlassian looking to expand India ops
R&D has been key to Atlassian's growth and innovation
 "Billionaire Mike Cannon-Brookes' firm Atlassian looking to expand India ops")
Start-up moguls fete Sebi framework on differential voting rights
A differential voting right to founders helps them to have a critical say in the various strategic direction of the company such as mergers and acquisitions, and fundraising, among others
 "Start-up moguls fete Sebi framework on differential voting rights")
Lack of skilled labour make Indian SMEs deploy robots on factory floors
With high labour costs and skilled workers hard to come by, India's small enterprises are deploying robots on their factory floors, writes Peerzada Abrar
 "Lack of skilled labour make Indian SMEs deploy robots on factory floors")
Edtech firm Unacademy raises $50 mn in Series D from Steadview, others
The online education firm said it is seeing unprecedented growth and engagement from learners in smaller towns and cities
 "Edtech firm Unacademy raises $50 mn in Series D from Steadview, others")
Neo-banking start-up Open raises Rs 210 cr from Tiger Global, others
Plans to use funding to scale up team, launch more products and value-added services, expand reach to one mn SMEs in next one year
 "Neo-banking start-up Open raises Rs 210 cr from Tiger Global, others")
Data protection startup Druva's valuation crosses $1 bn, joins unicorn club
Raises $130 million investment led by Viking Global Investors, pushing total capital raised to $328 million; investment will be used to fuel growth and global expansion
 "Data protection startup Druva's valuation crosses $1 bn, joins unicorn club")
OYO may become largest hotel network in the world: SoftBank's Masayoshi Son
Son said that OYO is one of the largest hotel networks in India and has become the second biggest hotel network in China in just one year
 "OYO may become largest hotel network in the world: SoftBank's Masayoshi Son")
Myntra bets on smaller cities for its biggest sale, eyes 32 mn customers
During the sale, the fashion retailer will display on its platform over 800,000 styles from around 3,000 domestic and international brands
 "Myntra bets on smaller cities for its biggest sale, eyes 32 mn customers")
Reverse migration: Food-tech, e-commerce firms bring jobs closer to home
Many workers in metros now returning to hometowns for better quality of life
 "Reverse migration: Food-tech, e-commerce firms bring jobs closer to home")
Scooter sharing start-up Vogo raises funding from Ex-Myntra CEO, others
Start-ups addressing short-distance transport have taken the mobility space by storm in recent months
 "Scooter sharing start-up Vogo raises funding from Ex-Myntra CEO, others")
Scooter sharing startup Bounce's valuation crosses $220 mn with new funding
Raises $72 million in a series C financing round led by B Capital Group and Falcon Edge Capital; would use capital to expand its presence nationally and strengthen its technology.
 "Scooter sharing startup Bounce's valuation crosses $220 mn with new funding")
Ola sets up tech centre in San Francisco, home turf of rival Uber
The Bengaluru-based firm looks to build a team of over 150 engineers working out of this centre on developing next-generation technologies in mobility
Walmart is expected to pump in $1.2 billion to fund Flipkart's operations
The retail giant's total revenue increased $1.2 billion or 1 per cent for the three months ended April 30, 2019, due to the addition of Flipkart's net sales besides other factors
 "Walmart is expected to pump in $1.2 billion to fund Flipkart's operations")