 "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, Swiggy, Blinkit, Zepto witness blockbuster Holi festival sales
The report emphasizes the burgeoning adoption of e-commerce in Tier-2 and beyond cities
 "Flipkart, Swiggy, Blinkit, Zepto witness blockbuster Holi festival sales")
Amazon India revises seller fees for 2024 due to macroeconomic factors
Starting April 7, there will be changes in referral fee, closing fee and weight handling fee, besides other fee heads, for sellers on Amazon.in
 "Amazon India revises seller fees for 2024 due to macroeconomic factors")
Edtech major Byju's says now 262 tuition centres operate across India
The edtech firm says focus on quality with efficiency helps most centres turn profitable
 "Edtech major Byju's says now 262 tuition centres operate across India")
Fintech startup Yenmo secures $500,000 investment from Y Combinator
Yenmo offers a full-stack API (application programming interface) solution for other companies to integrate loans against mutual funds into their products
 "Fintech startup Yenmo secures $500,000 investment from Y Combinator")
Flipkart gives 100% bonus to employees and merit-linked payouts
The number of employees receiving increments this year will be higher than last year, according to the sources
 "Flipkart gives 100% bonus to employees and merit-linked payouts")
Ultrahuman raises $35 mn to accelerate growth, research in health space
By collating a large set of biomarkers on an integrated platform across a range of products, Ultrahuman is able to create a grand unified view of the human body
 "Ultrahuman raises $35 mn to accelerate growth, research in health space")
Pocket FM's valuation crosses $750 mn, bags $103 mn in Series D funding
The audio platform secures $103 mn in Series D funding. Funds to drive global growth, enhance content library, and advance Gen AI
 "Pocket FM's valuation crosses $750 mn, bags $103 mn in Series D funding")
Uber boosts eco-mobility, backs Indian startups with sustainovate challenge
Uber is committed to achieving net-zero emissions by 2040 and has been continuously working with governments, partners, think tanks, and others to address global sustainability challenges, the company
 "Uber boosts eco-mobility, backs Indian startups with sustainovate challenge")
Engrail Therapeutics closes oversubscribed $157 million Series B financing
Funding from the Series B round will propel the advancement of the company's pipeline through multiple stages of clinical development
 "Engrail Therapeutics closes oversubscribed $157 million Series B financing")
Deepinder Goyal launches 'Pure Veg Mode' to woo vegetarian customers
Zomato founder and chief executive officer Deepinder Goyal on Tuesday announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet'
 "Deepinder Goyal launches 'Pure Veg Mode' to woo vegetarian customers")
Facebook co-founder's B Capital closes $750 mn fund for late-stage startups
It will make investments in companies specialising in technology, healthcare, climate technology
 "Facebook co-founder's B Capital closes $750 mn fund for late-stage startups")
Flipkart's quick-commerce foray: Will Zepto and Blinkit feel the pinch?
Flipkart's ecommerce advantage might not come into play in quick commerce all that quickly
 "Flipkart's quick-commerce foray: Will Zepto and Blinkit feel the pinch?")
Third Wave Coffee CEO Sushant Goel steps down; Rajat Luthra to replace him
Since its inception in 2016, Goel, along with co-founders Ayush Bathwal and Anirudh Sharma, has been successfully able to scale the company to over 100 outlets across India
 "Third Wave Coffee CEO Sushant Goel steps down; Rajat Luthra to replace him")
Jumbotail raises Rs 151 crore in series C3 equity round led by Artal Asia
Jumbotail is building AI-driven technologies to drive higher customer wallet share. The firm is leveraging its deep sourcing capabilities across FMCGs and staples and its kirana supply chain
 "Jumbotail raises Rs 151 crore in series C3 equity round led by Artal Asia")
Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO
The Blackstone-backed firm, which skills and trains people online, said that the demand for GenAI courses in India increased 195 per cent year-on-year in the first quarter of 2024
 "Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO")
US bankruptcy court issues ruling in favour of Byju's term loan lenders
In making its ruling, the ad hoc group stated that the Court confirmed that the transfer of funds from Byju's Alpha, and their continued concealment, likely constitutes a fraudulent conveyance
 "US bankruptcy court issues ruling in favour of Byju's term loan lenders")
Financial services firm WeRize becomes the victim of a data breach
No impact on business operations
 "Financial services firm WeRize becomes the victim of a data breach")
Funds safe, claims edtech major Byju's after US court's freeze order
In Delaware hearing, Judge rejects lenders' request for mandatory injunction, said Byju's. Instead orders a preliminary injunction, effectively seeking to maintain status quo
 "Funds safe, claims edtech major Byju's after US court's freeze order")
Staqu unveils AI tool in collaboration with UP police to nab criminals
Rai explained that this is an extension of their work on the Trinetra, which has been adopted by the UP Police Department and deployed through integration with security cameras
 "Staqu unveils AI tool in collaboration with UP police to nab criminals")
Health tech company HiLabs raises $39 million in Series B financing
The capital will support the firm's continued enhancement of the technology as well as recruitment of top-tier talent and expansion of its product teams
 "Health tech company HiLabs raises $39 million in Series B financing")