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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These entrepreneurs are turning their fleet into e-scooters after Covid hit
Bounce has crossed six million km on its electric scooters fleet, using a network of kirana owners, who have enabled over 150,000 battery swaps
 "These entrepreneurs are turning their fleet into e-scooters after Covid hit")
Big tech firms commit to additional support for India's fight against Covid
Amazon's business in Europe has committed $2.5 mn to support people in India impacted by the Covid-19 crisis, by purchasing and transporting medical supplies
 "Big tech firms commit to additional support for India's fight against Covid")
Amid Covid, Swiggy announces 4-day work week for employees for month of May
The policy applies to about 5,000 full-time Swiggy employees spread across the country
 "Amid Covid, Swiggy announces 4-day work week for employees for month of May")
Covid-19 second wave may stall mobility sector's recovery, says RedSeer
The recovery is likely to go on a downward trajectory with a drop of 30-40% as many states like Maharashtra, Delhi and Karnataka, among other states, go into lockdown, says the consulting firm
 "Covid-19 second wave may stall mobility sector's recovery, says RedSeer")
Practo aims to vaccinate over 10 million as India fights coronavirus
Practo announces 'Corporate Suraksha' programme under which employees from over 1,000 corporates across India will be vaccinated in first round
 "Practo aims to vaccinate over 10 million as India fights coronavirus")
Beyond the bottom line: The journey of newsmaker Deepinder Goyal
In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021
 "Beyond the bottom line: The journey of newsmaker Deepinder Goyal")
Uber to spend Rs 18.5 cr, get 150,000 drivers vaccinated over next 6 months
Will compensate car, auto and moto drivers on its platform for time spent getting jabs. Drivers showing valid digital vaccination certificates to get Rs 400 for each of their two shots
 "Uber to spend Rs 18.5 cr, get 150,000 drivers vaccinated over next 6 months")
Covid-19 second wave: Walmart scales up efforts to fight pandemic in India
The company will donate up to 20 oxygen-generating plants and 20 cryogenic containers for oxygen storage and transportation
 "Covid-19 second wave: Walmart scales up efforts to fight pandemic in India")
VC investors anticipate a flurry of IPOs by Indian start-ups: Survey
The 'India Sentiment Outlook Survey' said 19 per cent of them also held the opposing view while 16 per cent were unsure
 "VC investors anticipate a flurry of IPOs by Indian start-ups: Survey")
Practo, BharatPe and Grofers in line to be the next Indian unicorns
Currently, there are 48 Indian start-ups valued at $1 billion or more, and Paytm is the most valuable start-up at $16 billion, according to the Venture Intelligence data
 "Practo, BharatPe and Grofers in line to be the next Indian unicorns")
Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza
The development comes at a time when the Bengaluru-based firm is witnessing a huge surge in business across its food, lifestyle and electronics verticals
 "Employees of B2B e-commerce platform Udaan set for Rs 175-cr ESOP bonanza")
Zomato's revenue from operations doubles to Rs 2,604 cr amid pandemic
But losses widened by 136% in FY20; company says Covid impacted food delivery business in Q1FY21
 "Zomato's revenue from operations doubles to Rs 2,604 cr amid pandemic")
These techies are improving air quality in the war against Covid-19
Air pollution costs Indian businesses about Rs seven trillion every fiscal year, or 3 per cent of India's total GDP, a research report shows
 "These techies are improving air quality in the war against Covid-19")
Covid-19 second wave: Amazon to airlift, import 100 ICU ventilators from US
The e-commerce giant has worked with MoHFW, Government of India, to ensure the ventilators are of acceptable technical specifications
 "Covid-19 second wave: Amazon to airlift, import 100 ICU ventilators from US")
Urban Company raises $190 mn at $2-bn valuation, joins unicorn club
Besides Prosus, the other investors include DF International and Wellington Management
 "Urban Company raises $190 mn at $2-bn valuation, joins unicorn club")
ADV Partners, Premji invest to acquire majority stake in Micro Plastics
Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years
 "ADV Partners, Premji invest to acquire majority stake in Micro Plastics")
Ola Electric to set up world's largest EV two-wheeler charging network
Ola Hypercharger Network will also be the densest network, spread over 400 cities with more than 100,000 charging points
 "Ola Electric to set up world's largest EV two-wheeler charging network")
Tiger Global makes its first India cryptocurrency firm investment
Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million
 "Tiger Global makes its first India cryptocurrency firm investment")
Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation
The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments
 "Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation")
Pankaj Gupta quits as Google Pay engineering head to join US crypto firm
Executive says he will build Coinbase's technology hub in India 'from scratch', hire people
 "Pankaj Gupta quits as Google Pay engineering head to join US crypto firm")