 "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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Meesho becomes first horizontal e-commerce company to attain profitability
The SoftBank-backed firm saw over 1 billion orders in last 12 months; its order volumes rose by 43% and revenue by 54%
 "Meesho becomes first horizontal e-commerce company to attain profitability")
Byju's misses August 3 deadline to rework $1.2 billion loan terms
Byju's said no deadline had been missed as "August 3 was merely a hopeful date that was likely to be scheduled for a sign off"
 "Byju's misses August 3 deadline to rework $1.2 billion loan terms")
Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad
Service had successful pilot run in Bengaluru, ensure zero cancellations: Company
 "Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad")
Centre asks e-commerce platforms to stick to their business model
Draft e-commerce policy to be out in few weeks; stakeholder consultation process-led by Goyal held
 "Centre asks e-commerce platforms to stick to their business model")
70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study
About 37% of the startups plan to increase their spending on enterprise applications by more than 15% in 2023
 "70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study")
Meesho says it removed 42 lakh counterfeit products from its platform
Under this project, Meesho has implemented stringent verification processes, engaged in brand partnerships, and leveraged analytical models for fraud detection
 "Meesho says it removed 42 lakh counterfeit products from its platform")
Manipal Group chairman Ranjan Pai in talks to invest in Byju's-owned Aakash
Raveendran may partially offload his stake for $80-90 mn
Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns
Latest deal puts Flipkart's valuation at $35 bn and prepares it for IPO
 "Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns")
Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs
The energy-tech startup plans to expand operations to five new cities by the end of FY '24 and is targeting to deploy 1,000 e^pumps and 25,000 EVs powered by Exponent, by 2025
 "Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs")
I see generative AI as a helper, regulation is needed: Salesforce India CEO
'Generative AI allows you to pose the query, not in any particular computer language, but in your own language'
 "I see generative AI as a helper, regulation is needed: Salesforce India CEO")
Indian researchers develop low-cost mobile pollution monitoring tech
They have developed a low-cost mobile air pollution monitoring framework in which, pollution sensors mounted on public vehicles can dynamically monitor the air quality
 "Indian researchers develop low-cost mobile pollution monitoring tech")
Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members
Of the 5%, they will get 4% as Uber credit and 1% as Amazon Pay cashback, which can be used to save more on future rides with Uber and fulfill shopping needs on Amazon.in
 "Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members")
Audio brand boAt scales up to Rs 4,0000 crore in net sales for FY 2022-23
The company said it is well positioned and capitalized to continue to make aggressive investments in establishing itself as a leading wearables brand in the country
 "Audio brand boAt scales up to Rs 4,0000 crore in net sales for FY 2022-23")
Lenskart raises $100 mn from ChrysCapital, plans global expansion
Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources
 "Lenskart raises $100 mn from ChrysCapital, plans global expansion")
We continue to maintain an open-door policy for partners: Urban Company
The firm also disbursed stock options worth Rs 5.3 crore to about 500 partners as part of the Partner Stock Option Plan initiative towards wealth creation commitment
 "We continue to maintain an open-door policy for partners: Urban Company")
SoftBank-backed Unicommerce expands ops in Middle East, Southeast Asia
The e-commerce tech firm has reported a 200 per cent year-over-year revenue growth in its international business during FY 2023
 "SoftBank-backed Unicommerce expands ops in Middle East, Southeast Asia")
Uber's India-based Eats Engg team enables voice order tracking via Alexa
Uber's efforts to make every product on its platform user-intuitive have yielded several innovations over the years from its India-based engineering teams spread across Hyderabad and Bengaluru
 "Uber's India-based Eats Engg team enables voice order tracking via Alexa")
Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's
According to sources, Byju's wants to do one-on-one meetings with lenders instead of having a group talk to influence them individually and split the group of ad hoc lenders
 "Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's")
After riding the pandemic edtech boom, Byju's inverted learning curve
India's first decacorn is mired in losses, court cases, valuation cuts and the attention of enforcement agencies
Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders
Byju's filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion term loan B facility, and disqualify the lender for its "predatory tactics"
 "Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders")