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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Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon
The case centres around Amazon challenging Future's merger deal with Reliance Retail
 "Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon")
The once tiny Uber India tech team tackles mobility challenges across globe
The India tech centres started from a house in Jubilee Hills in Hyderabad in 2014, with a three-member team, and are now a crucial part of Uber's tech story, with a 750-plus-member team
 "The once tiny Uber India tech team tackles mobility challenges across globe")
Eat Better raises undisclosed funding from GetVantage to fuel expansion
The funds will be invested to fuel expansion by focusing on marketing and new product launches in the coming months
 "Eat Better raises undisclosed funding from GetVantage to fuel expansion")
Flipkart expands warehousing network in Gujarat to support local sellers
The new facilities are in Ahmedabad and Surat, and are collectively spread across an area of 500,000 sq ft, helping create over 5,000 direct and indirect local jobs in the state
 "Flipkart expands warehousing network in Gujarat to support local sellers")
Creator India's first web portals in 1990s aims to take his tech co public
Netcore Cloud today serves over 5,000 clients in 18 countries, delivering 12 bn emails and tracking 100 bn events a month for world's top marketers. It is now planning an IPO in 15-18 months
 "Creator India's first web portals in 1990s aims to take his tech co public")
Byju's on an acquisition spree, buys Great Learning for $600 mn
The edtech decacorn has now spent over $2 billion for acquisitions over the last six months
 "Byju's on an acquisition spree, buys Great Learning for $600 mn")
Edutainment startup SP Robotic Works raises $3 mn in Series-A round
The company uses its unique pedagogy to engage students in robotics, drone and coding technologies
 "Edutainment startup SP Robotic Works raises $3 mn in Series-A round")
Supply chain tech firm 3SC raises $15 mn to expand across Europe, SE Asia
The company plans to strengthen its existing software as a service (SaaS) and Analytics as a service (AaaS) based SCM solutions through both organic and inorganic routes
 "Supply chain tech firm 3SC raises $15 mn to expand across Europe, SE Asia")
SoftBank-backed Unacademy announces teacher stock options worth $40 mn
Unacademy competes with players such as Byju's, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes
 "SoftBank-backed Unacademy announces teacher stock options worth $40 mn")
Prime Day: Amazon India sees highest participation from small businesses
Customer from 96 per cent pincodes of India place orders during Amazon's Prime Day event
 "Prime Day: Amazon India sees highest participation from small businesses")
Crypto startup Vauld raises $25 mn in round led by Peter Thiel's fund
Firm said it has seen 124.4% QoQ growth in AUM from 1Q21 to 2Q21. Vauld will leverage the capital to build its team, aiming to fill at least a hundred new roles and further its global expansion
 "Crypto startup Vauld raises $25 mn in round led by Peter Thiel's fund")
Skincare brand Minimalist raises Rs 110 crore through multiple investors
The round was led by Sequoia Capital India, with participation from Unilever Ventures, the venture capital arm of British multinational consumer goods company.
 "Skincare brand Minimalist raises Rs 110 crore through multiple investors")
Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr
The initiative by the SoftBank-backed mobility firm is aimed at long term meaningful wealth creation in the run up to IPO.
 "Ola rewards employees with Rs 400-cr stocks, expands ESOP pool to Rs 3k cr")
India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion
Online automobile marketplace expects to benefit from customers looking to own vehicles, avoid public transport.
 "India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion")
Skymet raises funds to boost tech for accurate forecast of floods, cyclones
Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region
Skymet raises funds to boost tech for accurate forecast of floods, cyclones
Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region
 "Skymet raises funds to boost tech for accurate forecast of floods, cyclones")
No prima facie evidence with CCI and HC to order probe: Flipkart tells SC
Karnataka HC last week upheld a single-judge order dismissing Amazon and Flipkart pleas challenging a probe initiated by CCI for alleged competition law violations
 "No prima facie evidence with CCI and HC to order probe: Flipkart tells SC")
Bandhoo raises $1.1 mn funding to make labour market more transparent
Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.
 "Bandhoo raises $1.1 mn funding to make labour market more transparent")
Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore
The top-up was led by marquee global venture capital firm Accel along with existing investors
 "Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore")
SoftBank-backed Unacademy acquires game streaming platform Rheo TV
Unacademy will fully acquire Rheo TV and enable exit of all existing investors; deal value not disclosed
 "SoftBank-backed Unacademy acquires game streaming platform Rheo TV")