 "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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Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees
Ola Cabs is reportedly planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion
 "Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees")
Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024
The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors
 "Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024")
Amazon India's eighth edition of 'Prime Day' event coming up in July
The e-commerce firm stated Prime Day 2023 was the biggest ever Prime Day in India as 14 per cent more Prime members shopped hundreds of thousands of deals compared to Prime Day 2022
 "Amazon India's eighth edition of 'Prime Day' event coming up in July")
Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit
Capria venture capital firm sold its stake in Awingn to Japanese conglomerate Mynavi Corporation
 "Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit")
Startups want more funds, tax relief once the new govt takes office
Lack of significant funding, heavy tax deductions and import duties and red tape are some of the biggest hurdles that startups want the new government to address once it comes into power after polls
 "Startups want more funds, tax relief once the new govt takes office")
Byju's continues facing cash crunch as NCLT defers hearing to June 6
Byju's and its investors are fighting at the National Company Law Tribunal (NCLT) over the company's rights issue of $200 million in a petition alleging oppression and mismanagement
 "Byju's continues facing cash crunch as NCLT defers hearing to June 6")
Raveendran secures pvt debt to pay March salaries of employees at Byju's
The development comes ahead of the April 23 hearing at NCLT and company may request the tribunal allow it to use the rights issue money
 "Raveendran secures pvt debt to pay March salaries of employees at Byju's")
Taking learnings from India, replicating them globally: Amazon Prime head
Ghani says that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds
 "Taking learnings from India, replicating them globally: Amazon Prime head")
Delhi continues its run as the most forgetful city: Uber Lost & Found Index
Over the last year, objects including phones, bags, wallets, and clothing top the list of items left in Ubers across India
 "Delhi continues its run as the most forgetful city: Uber Lost & Found Index")
VerSe Innovation acquires Magzter for a foray into super premium content
Launched as Dailyhunt Premium, this subscription-based offering will provide users access to premium content from international publishers in over 60 languages
 "VerSe Innovation acquires Magzter for a foray into super premium content")
Health drink to food drink? Ecommerce sellers in a reorganising mode
Major players are working with sellers on their platforms to change the listing of products
 "Health drink to food drink? Ecommerce sellers in a reorganising mode")
Google-backed Cropin launches AI tool to boost climate-smart agriculture
The Bengaluru-based company has launched 'akṣara', the agriculture sector's first purpose-built open-source Micro Language Model for climate-smart agriculture
 "Google-backed Cropin launches AI tool to boost climate-smart agriculture")
Namma Yatri drives into Bengaluru with zero commission cab service
Namma Yatri already has 25,000 cab drivers and aims to onboard over one lakh drivers in the next six months
 "Namma Yatri drives into Bengaluru with zero commission cab service")
Byju's India CEO Arjun Mohan moves on, company divided into three divisions
Byju's is consolidating its businesses into three focused divisions. These include The Learning App, Online Classes and Tuition Centres, and Test-prep
 "Byju's India CEO Arjun Mohan moves on, company divided into three divisions")
Edtech company Byju's shareholders approve $200 million rights issue
The culmination of the rights issue will also set the stage for the launch of Byju's 3.0, the suite of AI-first products
 "Edtech company Byju's shareholders approve $200 million rights issue")
ShareChat raises $49 mn via convertible debentures from existing investors
The new funds will be utilized to bolster the company's robust monetisation plans and propel it on its path to break-even and beyond, said Ankush Sachdeva, CEO and Cofounder, ShareChat and Moj
 "ShareChat raises $49 mn via convertible debentures from existing investors")
Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets
The on-demand convenience platform's Swiggy Pawlice feature empowers pet parents to report a missing pet directly on the Swiggy app
 "Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets")
Income tax notices lead to stress among startups, executives and investors
The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources
 "Income tax notices lead to stress among startups, executives and investors")
'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand
This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage
 "'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand")
Edtech company Byju's goes ahead with cutbacks, fires 500 staffers
Sales, marketing, and teaching roles feel the biggest impact
 "Edtech company Byju's goes ahead with cutbacks, fires 500 staffers")