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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Bizongo scales to $150 mn in annualised revenue, nears profitability
Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group
 "Bizongo scales to $150 mn in annualised revenue, nears profitability")
'Zomato's stellar IPO to have positive impact on foodtech firms' valuation'
Apart from Swiggy, Zomato's biggest competitor, Rebel Foods, Dunzo, Ola Foods will also be fancying their chances of a blockbuster listing or more private equity funding, say experts
 "'Zomato's stellar IPO to have positive impact on foodtech firms' valuation'")
Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart
The Court upheld a single-judge order dismissing pleas filed by Amazon and Flipkart challenging a probe initiated by the Competition Commission for alleged breach of competition law
 "Appellants shouldn't fear CCI probe, Karnataka HC tells Amazon, Flipkart")
Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club
BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base
 "Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club")
Amazon Business offers deals to Indian businesses for Prime Day sale event
Aims to empower MSMEs by offering over 150 mn GST-enabled products across top categories; there are over 370,000 vendors selling to business customers on Amazon Business
 "Amazon Business offers deals to Indian businesses for Prime Day sale event")
Amazon launches fulfilment centre programme for sellers in small town India
The Multi-Seller Flex programme would enable Amazon to offer customers a wider Prime selection and faster deliveries and create thousands of indirect jobs in tier 2 and below geographies.
 "Amazon launches fulfilment centre programme for sellers in small town India")
Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus
The fundraise will give Swiggy enough firepower to take on rivals such as Zomato, Amazon, Dunzo and Ola Foods
 "Swiggy valuation tops $5.5 bn after raising $1.25 bn from SoftBank, Prosus")
HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog
HealthifyMe said its users have lost 20 million pounds of weight, tracked over 1 billion foods and burnt over 66 billion calories working out on HealthifyMe.
 "HealthifyMe raises $75 mn funding from Khosla Ventures, LeapFrog")
Bella Vita Organic raises $10 million to scale up personal care products
The firm, which has a portfolio of face care, body care and hair care products, has been profitable since inception and plans to push the pedal on growth with this fund-raise
 "Bella Vita Organic raises $10 million to scale up personal care products")
SmartCoin secures debt funding to bring fin services to small entrepreneurs
The company has seen strong demand for micro-credit from tier-2 and 3 cities through the second wave as people grappled with a lack of capital for medical situations and businesses
 "SmartCoin secures debt funding to bring fin services to small entrepreneurs")
Valuation of Indian unicorns to rise manifold amid pandemic: Experts
Experts say large funding rounds and valuations demonstrate significant interest from global investors, including sovereign funds, private equity and crossover funds
 "Valuation of Indian unicorns to rise manifold amid pandemic: Experts")
B2B e-commerce co Moglix names Mukund Vasudevan SVP-strategic partnerships
An alumnus of IIT Bombay and Booth School of Business, University of Chicago, Vasudevan has held leadership positions at Ecolab, Pentair, Schlumberger, and McKinsey
 "B2B e-commerce co Moglix names Mukund Vasudevan SVP-strategic partnerships")
How Amazon Web Services is working with Govt to take on the Covid challenge
NITI Aayog Frontier Technologies CIC, set up in partnership with AWS, to work on initiatives like telemedicine, safe air travel and reaching critical supplies to patients and frontline workers
 "How Amazon Web Services is working with Govt to take on the Covid challenge")
Amazon Web Services launches programme to empower PSU startups in India
India is the first to roll-out the program focused on enabling early-stage startups in the public sector
Flipkart's valuation crosses $37.6 bn after raising $3.6 bn in funding
Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts
 "Flipkart's valuation crosses $37.6 bn after raising $3.6 bn in funding")
Education platform MPOWER Financing raises $100 mn to support study abroad
The funding will fuel the company's mission to make North American education accessible to students from around the world
 "Education platform MPOWER Financing raises $100 mn to support study abroad")
Ola Electric raises $100-million long-term debt to build mega factory
The Ola Futurefactory is coming up on a 500-acre site in Tamil Nadu. At full capacity of 10 million vehicles annually, it will be the world's largest two-wheeler factory
 "Ola Electric raises $100-million long-term debt to build mega factory")
Flipkart offers employees option to liquidate shares worth Rs 600 cr
During a town hall meeting, Flipkart CEO Kalyan Krishnamurthy told the employees that the firm aims to become a $100 billion company in terms of valuation
 "Flipkart offers employees option to liquidate shares worth Rs 600 cr")
Food delivery giant Swiggy elevates Phani Kishan as co-founder
Swiggy was co-founded by Majety, Rahul Jaimini and Nandan Reddy in 2014.
 "Food delivery giant Swiggy elevates Phani Kishan as co-founder")
CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy
Sources say funding is an extension of Swiggy's $800-mn round in April from investors such as Falcon Edge, Goldman Sachs and others, which took the company's valuation to $5 bn from $3.6 bn
 "CCI clears SoftBank's $450-mn investment in food delivery firm Swiggy")