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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Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer
The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out
 "Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer")
Uber, Amazon Pay partner to install safety screens in 40,000 autos
Initiative will cover seven cities
 "Uber, Amazon Pay partner to install safety screens in 40,000 autos")
Byju's likely to close $800-million Aakash Educational deal by March
The edtech decacorn which is valued at about $12 billion is scouting global markets including the U.S and India to acquire many other smaller rivals which could help it scale up faster
 "Byju's likely to close $800-million Aakash Educational deal by March")
Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club
The new funding round brings the total capital raised by Innovaccer to over $225 million.
 "Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club")
10 million man-hours planned to build Ola's mega e-scooter factory
The world's largest two-wheeler factory is expected to create 10,000 jobs.
 "10 million man-hours planned to build Ola's mega e-scooter factory")
Flipkart to deploy more than 25K EVs, partners with leading manufacturers
The Walmart-owned e-commerce firm has partnered with Hero Electric, Mahindra Electric and Piaggio, for specific vehicles to be deployed for its first and last-mile delivery fleet across the country
 "Flipkart to deploy more than 25K EVs, partners with leading manufacturers")
BharatPe gives 80x returns to investors as valuation tops $900 mn
The Delhi-based fintech company has already returned Rs 102 cr cash to its secondary investors as against the initial angel round of Rs 1.9 cr
 "BharatPe gives 80x returns to investors as valuation tops $900 mn")
Amazon partners with Mahindra Electric to include EVs in delivery fleet
The e-commerce major would continue to work with several OEMs to build a fleet of 'Made in India' electric vehicles that ensure sustainable and safe delivery of customers' orders
 "Amazon partners with Mahindra Electric to include EVs in delivery fleet")
Cooking, building tech for mammoth firms kept this engineer busy amid Covid
Under Manav Garg's leadership, commodities and direct materials tech firm Eka Software grew 60% in the past 12 months and is on track to cross $100 million in revenue
 "Cooking, building tech for mammoth firms kept this engineer busy amid Covid")
SC bars NCLT from finalising orders allowing $3.4 bn Future-Reliance deal
A bench headed by Justice Rohinton Nariman also ordered that while the proceedings before NCLT can go on, they should not culminate in any final order of sanction of the scheme
 "SC bars NCLT from finalising orders allowing $3.4 bn Future-Reliance deal")
Zomato's valuation crosses $5.4 billion, after raising $250 million
Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company
 "Zomato's valuation crosses $5.4 billion, after raising $250 million")
Allegations of dodging laws have malicious intent: Amazon India chief
Amit Agarwal tells the employees that the company remains committed to its pledge to digitise 10 mn MSMEs, enable $10 bn in exports and create incremental 1 mn jobs by 2025.
 "Allegations of dodging laws have malicious intent: Amazon India chief")
Flipkart is positioned to win India's e-commerce future: Walmart's McKenna
Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said
 "Flipkart is positioned to win India's e-commerce future: Walmart's McKenna")
We're well-positioned to grow in India, says Walmart CEO Doug McMillon
McMillon, which is betting big on India through Flipkart, said e-commerce penetration is low in India but growing rapidly
 "We're well-positioned to grow in India, says Walmart CEO Doug McMillon")
Shiprocket raises $27 mn from Silicon Valley's Tribe Capital, March Capital
The e-commerce shipping firm processes more than 4 mn monthly shipments, enabling more than 100,000 sellers to sell directly to their consumers across India
 "Shiprocket raises $27 mn from Silicon Valley's Tribe Capital, March Capital")
Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others
At a time when the pandemic has accelerated the adoption of technology among enterprises, Ally.io grew revenues by 3.3x.
 "Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others")
Facebook-backed Unacademy buys professional networking platform TapChief
Post acquisition, TapChief will join the Unacademy Group with a valuation of Rs 100 crore
 "Facebook-backed Unacademy buys professional networking platform TapChief")
This entrepreneur's sleep-tech firm became a Rs 2,000 cr brand amid Covid
His business has accelerated three-fold as people work from home during the pandemic and are investing in their health
 "This entrepreneur's sleep-tech firm became a Rs 2,000 cr brand amid Covid")
KreditBee concludes $75 mn funding round from Premji Invest, others
The fintech lending firm's objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier
 "KreditBee concludes $75 mn funding round from Premji Invest, others")
Tonbo bags multi-million-dollar deal for indigenising Indian missiles
Night-vision startup, which is backed by investors such as Artiman and Qualcomm, has an overall sales pipeline of over $2.5 bn with a near-term execution visibility of $300 mn
 "Tonbo bags multi-million-dollar deal for indigenising Indian missiles")