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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Walmart's Flipkart expands grocery services in Tamil Nadu and Kerala
Will offer online grocery shopping to users in Coimbatore and in neighbouring cities of Madurai, Trichy, Ernakulam, Tirupur, Erode, Thrissur, Palakkad and Malappuram
 "Walmart's Flipkart expands grocery services in Tamil Nadu and Kerala")
Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
 "Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel")
Licious opens its first-ever ESOP buyback option worth Rs 30 crore
The programme is designed to enable wealth creation opportunities for over 600 employees
 "Licious opens its first-ever ESOP buyback option worth Rs 30 crore")
Slurrp Farm, two others to get $50,000 from Amazon's accelerator
A panel evaluated the entries on a variety of parameters including business idea, scalability and strength of the business plan
 "Slurrp Farm, two others to get $50,000 from Amazon's accelerator")
SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital
Everstage helps companies drive performance of their customer-facing teams through its no-code sales commission automation platform. Some of the early customers include SaaS unicorns
 "SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital")
Doxel raises $40 mn in Series B funding from Insight Partners, others
The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams
 "Doxel raises $40 mn in Series B funding from Insight Partners, others")
Grofers' 15-minute delivery pledge fraught with risks, say experts
Experts say delivery time frame on groceries purports to blow right past the logistics promises
 "Grofers' 15-minute delivery pledge fraught with risks, say experts")
Dream Sports' VC arm announces $250 mn corpus to invest in startups
As the corporate venture capital and M&A arm of Dream Sports, DreamCap will follow a multi-stage investment strategy ranging from $1 million to $100 million ticket sizes.
 "Dream Sports' VC arm announces $250 mn corpus to invest in startups")
A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
 "A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son")
This ex-Infosys executive's firm offers AI to tame the bulls and bears
Akshaya Bhargava's fintech firm Bridgeweave covers 4,500 global stocks and 1,500 ETFs in 15 markets. Its AI algorithms do over 800 mn calculations a day, something impossible for a regular investor
 "This ex-Infosys executive's firm offers AI to tame the bulls and bears")
Japan's TechnoPro acquires Udupi-based Robosoft for Rs 805 crore
Robosoft will continue to be led by its current management team, headed by chief executive officer Ravi Teja Bommireddipalli who is also being elevated to managing director and CEO.
 "Japan's TechnoPro acquires Udupi-based Robosoft for Rs 805 crore")
Amazon to end partnership with Murthy's Catamaran Ventures from May 2022
The two partners on Monday announced they have mutually decided to not continue their joint venture beyond the end of its current term
Supreme Court refuses to stop CCI probe against Amazon and Flipkart
Senior advocates Gopal Subramanium and Sajan Poovayya appeared for Amazon. Solicitor General Tushar Mehta appeared for the CCI
 "Supreme Court refuses to stop CCI probe against Amazon and Flipkart")
Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn
Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million
 "Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn")
Flipkart bets big on social commerce, a $70 bn market by 2030
Today 70% of Flipkart's customers come from tier-2 and tier 3 cities and with Shopsy, Flipkart aims to scale this to 90%
 "Flipkart bets big on social commerce, a $70 bn market by 2030")
Tokyo Olympics: From 3DAT to robots, the Games that went high-tech
The Olympics this year were not just tech-heavy in these more visible ways, but also deployed technology to bring the Games to the world in the middle of the Covid-19 pandemic
 "Tokyo Olympics: From 3DAT to robots, the Games that went high-tech")
Flipkart, IIM Sambalpur to partner to support small businesses and artisans
Flipkart executives will actively participate in this program by sharing operational know-how, market, and consumer insights
 "Flipkart, IIM Sambalpur to partner to support small businesses and artisans")
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")
Bike taxi startup Rapido aims to add 500,000 autos across India by year-end
The firm said it is expanding its auto service to Bengaluru, taking the service to a total of 26 cities in the country
 "Bike taxi startup Rapido aims to add 500,000 autos across India by year-end")
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")