 "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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Whitehat's Trupti Mukker named COO for Byju's International business
In her new position, Mukker will oversee cross-functional operations and integration of multiple businesses as Byju's continues to expand globally.
 "Whitehat's Trupti Mukker named COO for Byju's International business")
Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn
In June 2021, Byju's became India's most valuable unicorn
 "Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn")
Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform
The store will offer over 20,000 styles from more than 100 domestic and international brands, specific to teen fashion
 "Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform")
How IBM's security command centre in India helps fight global cyberattacks
The unit helps train cybersecurity response techniques through highly realistic and simulated cyberattack - designed to prepare everyone from C-Suite through technical staff
 "How IBM's security command centre in India helps fight global cyberattacks")
Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round
Move is part of firm's confidence-building measure to show founder is bullish on the biz and help shore up investor interest, say sources
 "Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round")
eHealth sector to reach $40 billion GMV by 2030, says RedSeer report
Pandemic worked as a catalyst to trigger growth within this sector, paving the way for a booming eHealth landscape that grew at 51% CAGR in 2021
 "eHealth sector to reach $40 billion GMV by 2030, says RedSeer report")
udaan tops duopolistic Kirana e-commerce market in India: CLSA report
The platform has a 60% share in this space, with Reliance Jiomart being the only other dominant player
 "udaan tops duopolistic Kirana e-commerce market in India: CLSA report")
Indian co-founded edtech startup Cialfo extends series B funding to $60 mn
Cialfo began its India operations in 2019 and has already enrolled over 300 high schools and 60 universities from the country as members
 "Indian co-founded edtech startup Cialfo extends series B funding to $60 mn")
Indian exporters on Amazon Global Selling platform cross 100,000 mark
Seller numbers up 30% YoY since Jan 2020; value of cumulative overseas shipments surpasses $3 billion
 "Indian exporters on Amazon Global Selling platform cross 100,000 mark")
Game-streaming platform Loco raises Rs 330 cr in Hashed-led funding round
All investors from Loco's seed round, including Krafton, Lumikai, and Hiro Capital, also participated in this funding round
 "Game-streaming platform Loco raises Rs 330 cr in Hashed-led funding round")
Due diligence may delay Future deal; stakeholders to seek more time from SC
Sources also said the takeover of Future stores by RIL scuttles Future Group lenders' options to recover their Rs 17,000-crore ($2.2 billion) debt
 "Due diligence may delay Future deal; stakeholders to seek more time from SC")
Iron Pillar Invests in automation firm Jiffy's $53 mn Series B Funding
Jiffy's Series B was led by Eight Roads with participation from existing investor, Nexus Venture Partners, among others
 "Iron Pillar Invests in automation firm Jiffy's $53 mn Series B Funding")
Swiggy expects 2 mn Instamart cloth bags returned per month by end of year
Across 19 cities today, Swiggy Instamart consumers can return the extra bags through the Swiggy delivery executive
 "Swiggy expects 2 mn Instamart cloth bags returned per month by end of year")
CCI clears Amazon's proposal to buy Catamaran's stake in Cloudtail parent
The Confederation of All India Traders (CAIT), which represents about 70 million traders in the country came down heavily on the CCI for dropping investigation against Amazon for violations pertaining
Global food delivery firm Deliveroo launches engineering centre in India
The Engineering Centre in Hyderabad will be a core part of Deliveroo's central technology organisation.
 "Global food delivery firm Deliveroo launches engineering centre in India")
Flipkart enters strategic alliance with Google Cloud to improve innovation
Flipkart will make its data platform more efficient by deploying Google Cloud's advanced data analytics and machine learning technologies
 "Flipkart enters strategic alliance with Google Cloud to improve innovation")
Aiming for large chip, electronics investments into India: Union Minister
Rajeev Chandrasekhar, MoS for Entrepreneurship, Skill Development, Electronics & Technology said next challenge is to ensure digital and tech opportunity reaches other parts of country
 "Aiming for large chip, electronics investments into India: Union Minister")
Faasos now largest Indian origin QSR with 500 restaurants in 10 countries
Faasos entered 50 new cities and is the first Indian QSR with wide acceptance to its offering i.e. Indian flavors adapted to local needs
 "Faasos now largest Indian origin QSR with 500 restaurants in 10 countries")
Amazon India starts campaign to honour women Amazonians who lead by example
The campaign 'SheIsAmazon' puts spotlight on women employees, associates and partners who have fought societal, cultural, disability, and economic barriers to achieve their dreams
 "Amazon India starts campaign to honour women Amazonians who lead by example")
New innovative edtech startups likely to bloom amid pandemic: Experts
Also, with offline schools and colleges opening up, learning will now evolve to a more nuanced blended delivery model with a mix of online and offline
 "New innovative edtech startups likely to bloom amid pandemic: Experts")