 "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.
Page 109 - Peerzada Abrar
Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22
The tech-enabled B2B e-commerce platform for customised goods, has grown four times since the start of the year, and already surpassed $200 million in annualised revenue.
 "Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22")
Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding
It is also the second crypto unicorn in the country, with valuation crossing $1.9 bn after Series C round led by Andreessen Horowitz
 "Crypto startup CoinSwitch Kuber is 30th Indian unicorn with $260 mn funding")
This startup is using IoT to help India's silk farmers get superior yields
ReshaMandi embraces the entire silk supply chain from farmer to consumer. While its IoT devices help improve cocoon quality, the firm is also is a one-stop-shop for weavers and retailers
 "This startup is using IoT to help India's silk farmers get superior yields")
Meat startup Licious becomes first Indian D2C unicorn with $52 mn fundraise
Licious has successfully delivered to more than 2 million unique customers to date
 "Meat startup Licious becomes first Indian D2C unicorn with $52 mn fundraise")
Ola acquires GeoSpoc to build next-gen location tech for undisclosed sum
GeoSpoc co-founder Dhruva Rajan and his team of Geospatial scientists and engineers will be joining Ola
 "Ola acquires GeoSpoc to build next-gen location tech for undisclosed sum")
Edtech startup upGrad crosses $210 million annual revenue run rate
The firm has chalked a multidimensional growth plan
 "Edtech startup upGrad crosses $210 million annual revenue run rate")
Meesho to host biggest festival sale event after crossing $4.9 bn valuation
Social e-commerce startup says shopping gala will help local businesses across country to sell online.
 "Meesho to host biggest festival sale event after crossing $4.9 bn valuation")
Biggest opening day for Myntra's Big Fashion Festival with 19 mn visitors
Ongoing event recorded purchase of nearly 600,000 items in the first hour, 4 million throughout the day
 "Biggest opening day for Myntra's Big Fashion Festival with 19 mn visitors")
Edtech giant Byju's is raising $300 mn, valuation may touch $18 bn
In June, Byju's became India's most valuable unicorn startup with a valuation of $16.5 billion, surpassing fintech company Paytm's $16 billion valuation
 "Edtech giant Byju's is raising $300 mn, valuation may touch $18 bn")
India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas
In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform
 "India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas")
Sports tech firm Dream Sports posts Rs 181 crore profit in FY20
Mumbai-based firm reported its revenues for the financial year 2019-20 as Rs 2,130 crore, a 166 per cent jump since last financial year
 "Sports tech firm Dream Sports posts Rs 181 crore profit in FY20")
Flipkart to kick off flagship sale event The Big Billion Days on Oct 3
Flipkart's The Big Billion Days 2021 will see millions of consumers, sellers, small businesses, artisans, Kiranas, brands and e-commerce ecosystem partners come together for the festive season
 "Flipkart to kick off flagship sale event The Big Billion Days on Oct 3")
E-commerce firms Amazon, Flipkart may clock $9 bn in gross festive sales
Overall online GMV expected to touch $49-52 bn, up 37% from last year, driven by strong consumer funnel expansion and high adoption of online shopping post-Covid
 "E-commerce firms Amazon, Flipkart may clock $9 bn in gross festive sales")
Blockchain technology startup New Street raises funding to expand globally
New Street said its flagship blockchain-based middleware - MiFiX, is amongst the world's first commercially successful blockchain ecosystems for the BFSI sector
 "Blockchain technology startup New Street raises funding to expand globally")
Flipkart reaches out to kiranas for its The Big Billion Days sale event
A third of all shipments of Flipkart Group is managed by kiranas at the last mile; the Walmart-owned firm aims to grow this constantly, company says
 "Flipkart reaches out to kiranas for its The Big Billion Days sale event")
ZestMoney raises $50 mn from Zip Co to scale up buy now, pay later offering
The shift towards pay later solutions is a global phenomenon and represents young digital consumers looking for transparency, honesty and no hidden charges in financial products
 "ZestMoney raises $50 mn from Zip Co to scale up buy now, pay later offering")
71% Amazon sellers expect recovery of business during festive season: Study
98% sellers say tech adoption has helped their business, according to a survey by Amazon to gauge expectations of SMBs selling on its India marketplace
 "71% Amazon sellers expect recovery of business during festive season: Study")
Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal
With this, Eupheus will become India's largest school-focused edtech firm and the only firm in K12 space to operate in both premium and affordable school segments
 "Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal")
Salesforce Ventures makes strategic investment in Indian startup Razorpay
Razorpay said this investment and partnership will make an impactful contribution to the industry and drive adoption and financial growth for underserved small businesses in the next twelve months
 "Salesforce Ventures makes strategic investment in Indian startup Razorpay")
We have zero tolerance for corruption: Amazon on bribery charges in India
The world's largest online retailer has initiated an investigation into the conduct of its legal representatives in India, according to a report by media platform The Morning Context
 "We have zero tolerance for corruption: Amazon on bribery charges in India")