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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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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Media tech company Amagi raises $100 mn from Accel, Premji Invest, others
Amagi is tapping the $50 billion cloud-based video content creation, distribution, and monetisation market
 "Media tech company Amagi raises $100 mn from Accel, Premji Invest, others")
Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning
The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad
 "Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning")
Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months
The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure
 "Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months")
Amazon vs Future: Relief for Biyani as SC stays proceedings in $3.4 bn deal
Three judge-bench led by CJI asks NCLT, CCI and Sebi not to pass any final order in relation to the dispute for four weeks
 "Amazon vs Future: Relief for Biyani as SC stays proceedings in $3.4 bn deal")
Ola Electric defers e-scooter sale to September 15 due to website glitch
The company will be notifying buyers via email and push notifications about the window to purchase the scooter
 "Ola Electric defers e-scooter sale to September 15 due to website glitch")
Google-backed Cuemath appoints former Swiggy COO Vivek Sunder as CEO
As a chief operating officer, Sunder had scaled Swiggy's business manifold.
 "Google-backed Cuemath appoints former Swiggy COO Vivek Sunder as CEO")
Flipkart Quick hyperlocal aims at delivery of daily items under 90 mins
Plans to introduce the service to other cities in a phased manner this year and aims to be present in over 200 cities by the end of 2022
 "Flipkart Quick hyperlocal aims at delivery of daily items under 90 mins")
Snapdeal opens 130 distribution hubs across India ahead of festive season
Most of these hubs are in Maharashtra, Karnataka, Telangana, and UP; Snapdeal has also augmented its logistics network in J&K and North-East
 "Snapdeal opens 130 distribution hubs across India ahead of festive season")
Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition
Aakash Educational Services will launch 106 new centres across the country in the next 5 months including reaching Tier-3 and Tier-4 cities and towns.
 "Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition")
Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready
140 Amazon recruiters will offer over 2,000 one-on-one career coaching sessions for interested participants to help grow in their careers at the company or elsewhere
 "Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready")
Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%
Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year
 "Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%")
Telstra launches innovation centres in India to solve challenges in AI, IoT
One of the facilities in Bengaluru will specialise in creating an end-to-end 4G/5G environment where testing of 4G/5G mobile handsets and IoT devices of various OEMs will be done
 "Telstra launches innovation centres in India to solve challenges in AI, IoT")
Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round
The funding was led by Netherlands-based impact investor C4D Partners, an early investor for the last 4 years
 "Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round")
Covid therapy to kindness for burnout: E-commerce cos put staff care on top
The firms are continuing to prioritise employee well-being ranging from support for Covid treatment including hospitalisation to providing facilities for physical and mental health
 "Covid therapy to kindness for burnout: E-commerce cos put staff care on top")
Amazon Retail launches agronomy services to empower farmers with technology
The initiative includes introducing machine learning tech for better produce and build a robust supply chain infra
 "Amazon Retail launches agronomy services to empower farmers with technology")
Amazon unveils DSP 2.0 to help aspiring entrepreneurs launch delivery biz
With this offering, new entrepreneurs can start their businesses with low start-up costs
 "Amazon unveils DSP 2.0 to help aspiring entrepreneurs launch delivery biz")
Amazon asks Sebi to comply with SC order related to $3.4-bn Future-RIL deal
In January this year, the market regulator had given a go-ahead for Future Group's scheme of arrangement and sale of assets to Reliance
D2C sports brand Elevar raises funding from Kalaari, Dream Sports
The company will utilise the funds towards expanding its product portfolio, increasing its marketing efforts, and building out its team.
 "D2C sports brand Elevar raises funding from Kalaari, Dream Sports")
Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam
Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years
 "Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam")
Flipkart strengthens its supply chain network ahead of the festive season
The new facilities would create more employment opportunities while enabling faster deliveries for consumers
 "Flipkart strengthens its supply chain network ahead of the festive season")