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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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")
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")
Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
 "Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO")
Agritech to robotics: startups display innovation at Flipkart Leap Demo Day
Finalists of the Flipkart Leap programme, including startups from retail tech, robotics, agri- tech and fintech space, showcased their offerings to potential investors and industry leaders
 "Agritech to robotics: startups display innovation at Flipkart Leap Demo Day")
Zomato IPO a watershed moment for start-up ecosystem, say experts
The much talked about Zomato IPO is an encouraging sign for the start-up community
 "Zomato IPO a watershed moment for start-up ecosystem, say experts")
Amazon launches Digital Kendra to empower Indian businesses with e-commerce
It will help MSMEs recover their businesses from the recent challenges, bring benefits of e-commerce and help them reach customers in India and globally.
 "Amazon launches Digital Kendra to empower Indian businesses with e-commerce")
E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn
The firm, which runs an e-commerce platform for middle and lower-income consumers, expects to hit a $1 bn GMV run rate by year-end and build a 10 mn-strong customer base
 "E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn")
Amazon to host flagship sale event Prime Day in India on July 26-27
Coming at the 5th anniversary of Prime in India, the event will deliver best deals and savings across categories such as smartphones, consumer electronics, appliances and Amazon devices
 "Amazon to host flagship sale event Prime Day in India on July 26-27")
Flipkart achieves zero single-use plastic packaging in supply chain
Flipkart has also ensured it is fully compliant with all EPR rules and through its network of recyclers, the equivalent quantity of single-use plastic going to consumers is fully recycled
 "Flipkart achieves zero single-use plastic packaging in supply chain")
Moglix acquires used machinery e-commerce firm Vendaxo for undisclosed sum
Move is a step towards creating a sustainable, capital-efficient manufacturing ecosystem; Moglix aims to provide access to high-value capital goods at economical prices to manufacturers
 "Moglix acquires used machinery e-commerce firm Vendaxo for undisclosed sum")
Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months
With the current close, the valuation of the firm stands at $3 billion.
 "Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months")
150 year-old Allana Group invests $10 mn in Iron Pillar Fund II
The corpus would enable Iron Pillar portfolio companies to expand globally
 "150 year-old Allana Group invests $10 mn in Iron Pillar Fund II")
Razorpay, Mastercard launch MandateHQ for recurring payments
To help banks comply with RBI directive and provide convenience to banks' customers, Razorpay and Mastercard have partnered to launch MandateHQ, new recurring payment interface, after RBI's new rules
 "Razorpay, Mastercard launch MandateHQ for recurring payments")
Bike taxi startup Rapido plans to ramp up hiring of women captains
India's largest bike taxi platform has also filed for the bike taxi service application with the State Transport Authority in Karnataka
 "Bike taxi startup Rapido plans to ramp up hiring of women captains")
New rules will choke e-commerce growth, Indo-American Chamber tells Govt
Says proposed amendments will increase compliance liabilities, can affect investor sentiment globally especially with respect to 'Ease of Doing Business'
 "New rules will choke e-commerce growth, Indo-American Chamber tells Govt")
India's Skylark Drones raises $3 mn to fuel international expansion
Skylark Drones aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, etc
 "India's Skylark Drones raises $3 mn to fuel international expansion")
Walmart's Myntra sees 1.2 million customers shop on Day-1 of sale event
Four million products sold the highest-ever opening day traffic sessions growth for Myntra, at 200% over business-as-usual
 "Walmart's Myntra sees 1.2 million customers shop on Day-1 of sale event")
Amazon starts IP accelerator to help Indian businesses protect their brands
Offering small and medium-sized sellers easy access to services from trusted intellectual property experts and law firms
 "Amazon starts IP accelerator to help Indian businesses protect their brands")