 "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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Wakefit.co reports 35% increase in revenue during 2023 festive season sale
While mattresses and accessories continue to be the highest contributors to the revenue, furniture now commands 30 per cent of the business
 "Wakefit.co reports 35% increase in revenue during 2023 festive season sale")
Only 26% of organisations in India are prepared to deploy AI: Cisco Study
Ninety-five per cent of businesses globally are aware that AI will increase infrastructure workloads
 "Only 26% of organisations in India are prepared to deploy AI: Cisco Study")
ICC Cricket WC: Fans tuck into dosa, biryani as Virat Kohli hits 50th ton
Impresario Entertainment & Hospitality, which operates food chains like SOCIAL and Smoke House Deli, has seen a 20-30 per cent spike in order volumes during the ongoing event
 "ICC Cricket WC: Fans tuck into dosa, biryani as Virat Kohli hits 50th ton")
Karnataka-based Aequs bags Airbus contract to supply aircraft components
Karnataka-based Aequs will make parts for wings, fuselage, and pylons for Airbus' A320, A330neo, A350 aircraft
 "Karnataka-based Aequs bags Airbus contract to supply aircraft components")
Agri robots to eye for lunar rovers: Indian deep tech startups come of age
The key to their cutting-edge innovations can be attributed to the rise of emerging technologies including AI, big data, and the Internet of Things (IoT) and their accelerated adoption across sectors
 "Agri robots to eye for lunar rovers: Indian deep tech startups come of age")
Expect to see 10,000 deep tech Indian startups by 2030: Nasscom's Narayanan
Deep tech requires a lot of patient capital, as the payoff is not the same as consumer internet or software-as-a-service (SaaS) sectors, says Narayanan
 "Expect to see 10,000 deep tech Indian startups by 2030: Nasscom's Narayanan")
Bakingo raises $16 mn from Faering Capital, eyes national expansion
Over the last few years, Bakingo has delivered products across India, including in Gurgaon, Delhi, Noida, Bangalore, Hyderabad, and Mumbai
 "Bakingo raises $16 mn from Faering Capital, eyes national expansion")
Myntra strengthens leadership team; elevates Suman Saha to head of HoB
Shirish Srivastava, who recently joined Myntra as the vice president of sourcing in the HoB team, will lead the sourcing charter
 "Myntra strengthens leadership team; elevates Suman Saha to head of HoB")
Edtech major Byju's loses unit in US, gains Ranjan Pai as an ally in Aakash
This gave the lenders, which include Redwood Investments LLC and Silver Point Capital LP, the right to replace Riju Raveendran, the founder's brother, from Alpha's board
 "Edtech major Byju's loses unit in US, gains Ranjan Pai as an ally in Aakash")
Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt
Industry sources said that Pai of Manipal Group paid out Davidson Kempner in a bilateral debt transaction
 "Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt")
Amazon Great Indian Festival has been the biggest ever in history: Tiwary
Amazon India gave customers access to more than 5,000 new launches from top brands
 "Amazon Great Indian Festival has been the biggest ever in history: Tiwary")
Sports tech firm Game Theory acquires Matchday.ai for an undisclosed amount
The sports tech firm said that top athletes have used Matchday's technology to improve their game and the company will now bring this to everyday players
 "Sports tech firm Game Theory acquires Matchday.ai for an undisclosed amount")
Delhi govt's ban may disrupt operations of ride-hailing firms: Uber to LG
Ride-hailing platform Uber has opposed the move in a letter to the Lieutenant Governor of Delhi and the Transport Commissioner
 "Delhi govt's ban may disrupt operations of ride-hailing firms: Uber to LG")
E-commerce order volumes up 37% this festival season: Unicommerce
In addition to the substantial growth in order volumes, the gross merchandise value (GMV) also saw an increase of 22 per cent during the same festive period
 "E-commerce order volumes up 37% this festival season: Unicommerce")
GoMechanic 2.0: New Founders secure $6 mn funding from marquee investor
A brainchild of four friends -- Kushal Karwa, Amit Bhasin, Rishabh Karwa and Nitin Rana -- the original GoMechanic firm was founded in 2016
 "GoMechanic 2.0: New Founders secure $6 mn funding from marquee investor")
Indian exporters on Amazon Global Selling gear up for holiday season
Indian businesses exporting through the Amazon Global Selling program are on track to surpass $8 billion in cumulative exports by the end of 2023
 "Indian exporters on Amazon Global Selling gear up for holiday season")
Govt gearing up to launch India AI Programme soon: Rajeev Chandrasekhar
The India AI programme will take the focus of the tech and startup ecosystem on real-life use cases in agriculture, security and governance, said the union minister at the Nasscom Future Forge event
 "Govt gearing up to launch India AI Programme soon: Rajeev Chandrasekhar")
Imaging satellites to AI healthcare: Nasscom recognises India's tech cos
The aim of these deep tech startups is to solve some of the world's most pressing challenges and address critical global issues
 "Imaging satellites to AI healthcare: Nasscom recognises India's tech cos")
Walmart-owned PhonePe crosses 500 million lifetime registered users
The fintech firm which has become the first Indian Internet company to hit this milestone has also elevated some of the key executives to take on larger roles in the group
 "Walmart-owned PhonePe crosses 500 million lifetime registered users")
Canada's Ontario Teachers' Pension Plan invests $80 mn in Xpressbees
The new valuation of the logistics firm after this round is $1.5 billion, an incremental increase from its previous valuation of $1.4 billion, according to the sources
 "Canada's Ontario Teachers' Pension Plan invests $80 mn in Xpressbees")