 "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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Flipkart to host its 'Big Billion Days' sale event from October 8
Flipkart's chief rival, Amazon, is also hosting its flagship sale event, 'Great Indian Festival' (GIF), on October 8, with early access for Prime members beginning October 7
 "Flipkart to host its 'Big Billion Days' sale event from October 8")
Over 8 million customers expected to shop during Myntra's festive sale
With over 23 lakh styles from more than 6000 brands, the fourth edition of the Myntra BFF offers one of the biggest assortments of selections across fashion, beauty, and lifestyle ever
 "Over 8 million customers expected to shop during Myntra's festive sale")
Byju's rolls out new social media policy for employees amid layoffs
Any violation will be taken up by the company seriously and may result in appropriate disciplinary and legal action initiated against the employees, according to the internal company document
 "Byju's rolls out new social media policy for employees amid layoffs")
Tech firm revolutionises silk cocoon trade with tech-enabled bidding
ReshaMandi has built a technology-driven bidding process to ensure that farmers receive the best prices for their yields, given the short shelf life of silk cocoons
 "Tech firm revolutionises silk cocoon trade with tech-enabled bidding")
Edtech firm Byju's to lay off 4,000 employees in major restructuring
The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources
 "Edtech firm Byju's to lay off 4,000 employees in major restructuring")
Beauty care firm Pilgrim raises $20 mn in funding for business expansion
Company says it will use money for brand building, research, and bolstering its offline presence
 "Beauty care firm Pilgrim raises $20 mn in funding for business expansion")
81% intent on festival season e-shopping: Nielsen Media India study
The study also revealed that for 68 per cent of consumers, Amazon.in is the go-to online shopping destination
 "81% intent on festival season e-shopping: Nielsen Media India study")
Flipkart Ventures invests in five early-stage technology startups
These investments are a part of the accelerator programme - Flipkart Leap Ahead (FLA)
Meesho enables over 500,000 job opportunities for upcoming festive season
Meesho sellers are projected to hire over 3 lakh seasonal workers as part of their requirements for the festive season
 "Meesho enables over 500,000 job opportunities for upcoming festive season")
Udaan in talks with existing and new investors to raise $400 million
Funding will bolster its balance sheet, IPO plans
 "Udaan in talks with existing and new investors to raise $400 million")
Myntra to scale up share of women hiring to over 21% this festive season
This drive seeks to hire women from economically disadvantaged backgrounds and extend the opportunities for means of livelihood
 "Myntra to scale up share of women hiring to over 21% this festive season")
Amazon launches Multi-Channel Fulfilment for sellers and brands in India
Amazon's logistics capabilities to handle customer orders received from a wide range of sales channels, including their own websites, enabling seamless fulfilment with speed and convenience
 "Amazon launches Multi-Channel Fulfilment for sellers and brands in India")
Two-year-old edtech startup Infinity Learn crosses Rs 100 cr revenue
The company's revenue from operations reached Rs 100 cr in 2022-23 compared to just Rs 2.3 crore in 2021-22 and the firm said it has become PAT positive
 "Two-year-old edtech startup Infinity Learn crosses Rs 100 cr revenue")
Meesho Mall gears up for the festive season, features an array of brands
Since its launch last year, Bansal said Meesho Mall has been growing by about 30 per cent month-on-month, processing an impressive over one crore orders in the past six months
Amazon expands to address business needs, offers credit to customers
Subhas noted that prompt delivery is a crucial element for all business customers, as evidenced by Prime members contributing to over 50 per cent of sales this year
 "Amazon expands to address business needs, offers credit to customers")
Byju's elevates Arjun Mohan as CEO of India business, Mrinal Mohit quits
Arjun Mohan, a member of the founding team who most recently served as the Chief Business Officer, has rejoined the company after a stint at Ronnie Screwvala-led UpGrad
 "Byju's elevates Arjun Mohan as CEO of India business, Mrinal Mohit quits")
Age-tech innovation aiming to tackle challenges faced by India's elderly
Welldercare's line of smart portraits and mirrors for vitals monitoring and fall detection are in advanced design and engineering stages and are expected to go on sale in the first quarter of 2024
 "Age-tech innovation aiming to tackle challenges faced by India's elderly")
Kuku FM raises $25 mn from investors; aims to expand content, improve tech
Company will use financing to expand its repository of Indian language audiobooks, podcasts, courses
 "Kuku FM raises $25 mn from investors; aims to expand content, improve tech")
Flash.co raises $6.7 mn in Pre-Series A round led by Blume Ventures
This latest funding round takes Flash.co's total funding to $12.5 million, empowering them to further establish Flash.co as the premier lifestyle app for power shoppers
 "Flash.co raises $6.7 mn in Pre-Series A round led by Blume Ventures")
Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees
According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline
 "Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees")