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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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")
WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners
Griffin is making its first-ever investment in India in WinZO
 "WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners")
Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn
Acquires 100% in cash-and-equity deal that will significantly strengthen the company's position in casual games' genre and enable access to fast-growing word games genre
 "Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn")
Urban Company names Uber executive Neha Mathur SVP of Human Resources
Appointment underscores company's commitment to attracting world-class talent; comes at a time when Urban Company recently raised $255 million in a Series F round
 "Urban Company names Uber executive Neha Mathur SVP of Human Resources")
Flipkart opens all-women run fulfilment centre in Coimbatore
Spread across 120,000 sq ft, the centre will employ over 1,200 people at full capacity
 "Flipkart opens all-women run fulfilment centre in Coimbatore")
15 mn 'Covid Safety Essentials' sold across India on udaan during 2nd wave
From March onwards till the gradual decline of the second wave, a total of 6 million covid safety essentials were shipped to the states of Assam, West Bengal, Andhra Pradesh, and Bihar
 "15 mn 'Covid Safety Essentials' sold across India on udaan during 2nd wave")
New Amazon service delivers prime customers' weekly orders at one go
Members across India can also choose date of delivery, in a move that will entail fewer boxes and fewer trips to the customer location
 "New Amazon service delivers prime customers' weekly orders at one go")
Axis Bank strikes cloud computing deal with AWS for digital transformation
India's third-largest private sector bank to migrate 70% of its on-premises data centre infra in next 24 months to further reduce cost, improve agility, improve customer experience
 "Axis Bank strikes cloud computing deal with AWS for digital transformation")
10club raises $40 mn in one of largest seed rounds in e-comm roll-up space
The funding round was co-led by Fireside Ventures and an international investor active in the space
 "10club raises $40 mn in one of largest seed rounds in e-comm roll-up space")
WhatsApp appoints Amazon executive to lead payments business in India
Manesh Mahatme brings with him 17 years of experience in digital financial services and payments across Citibank, Airtel Money and Amazon
 "WhatsApp appoints Amazon executive to lead payments business in India")
SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic
The growth has been led by kitchenware and home improvement category products, which saw a 50 and 100 per cent jump in demand respectively since March 2020
 "SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic")
Game streaming platform Loco raises $9 mn from Lumikai, Korea's Krafton
The round also saw participation by Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital
 "Game streaming platform Loco raises $9 mn from Lumikai, Korea's Krafton")
Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others
slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.
 "Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others")
Covid brought structural shift to get more users online: Amazon India boss
In a Q&A, Amit Aggarwal dwells on his company's long-term commitment to India and its eight year journey in the country
 "Covid brought structural shift to get more users online: Amazon India boss")
How hyperlocal delivery firms are helping a new breed of home chefs thrive
Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer
 "How hyperlocal delivery firms are helping a new breed of home chefs thrive")
Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation
The funding -- from SoftBank, Abu Dhabi's ADQ, CPPIB -- is expected to set the stage for Flipkart's IPO in the US by next year and increase its valuation to about $50 bn, say sources
 "Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation")
TechEagle gets approval to deliver medicines using drones in Telangana
Delivery is being done in collaboration with the Government of Telangana, NITI Aayog and World Economic Forum
 "TechEagle gets approval to deliver medicines using drones in Telangana")
Artha Venture Fund announces final close of Rs 220 crore debut fund
A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target
 "Artha Venture Fund announces final close of Rs 220 crore debut fund")
SoftBank-backed Ola expands leadership team with appointment of new CFOs
G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz
 "SoftBank-backed Ola expands leadership team with appointment of new CFOs")
Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global
Series C funding led by Singapore's sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate
 "Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global")