 "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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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")
Byju's' legal battle with lenders likely to impact its fund raising
The legal battle might also delay IPO plans for its tutoring service subsidiary Aakash Educational Services, according to industry experts
 "Byju's' legal battle with lenders likely to impact its fund raising")
Edtech giant Byju's rolls out AI models for hyper-personalised learning
The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT
Edtech giant Byju's 'skips' interest payment on $1.2-billion loan
Files suit against Redwood, alleging predatory tactics
 "Edtech giant Byju's 'skips' interest payment on $1.2-billion loan")
Rebel Foods offers ESOPs worth Rs 550 cr to kitchen, corporate employees
The firm competes with players such as Curefoods, Biryani By Kilo, Box8, and FreshMenu
 "Rebel Foods offers ESOPs worth Rs 550 cr to kitchen, corporate employees")
Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India
Since 2013, when its India e-commerce operations first started, Amazon has invested over $6.5 billion
 "Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India")
Byju's announces plans for Aakash IPO in 2024 amid funding crunch
Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm
Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal
The firm is leading in the electric two-wheeler segment and has sold over 35,000 units in May. Riding on its highest-ever monthly sales in May, Ola has captured a market share of over 30 per cent
 "Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal")
Amazon Web Services India and South Asia head Puneet Chandok resigns
The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees
 "Amazon Web Services India and South Asia head Puneet Chandok resigns")
Edtech major Byju's lenders discard talks to restructure $1.2-billion loan
Lenders may put pressure on Byju's to liquidate US assets to part-repay
India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report
Collaboration and customer-centric business development among factors enabling country's capacity
 "India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report")
Meesho becomes world's fastest shopping app to cross 500 mn downloads
Meesho's Android app is the lightest e-commerce app in India on Google Play, according to data analytics provider data.ai
 "Meesho becomes world's fastest shopping app to cross 500 mn downloads")
Amazon now part of India's social fabric: Country Manager Manish Tiwary
'No change in intent to experiment with right framework or interest to invest in India', he says
 "Amazon now part of India's social fabric: Country Manager Manish Tiwary")
Gaming unicorn Mobile Premier League goes into global expansion mode
MPL recently launched its app in Nigeria, marking its first foray into the African gaming market. With this move, MPL is now present on four continents: Asia, North America, Europe, and Africa
 "Gaming unicorn Mobile Premier League goes into global expansion mode")
Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding
Scaler says it has merged Delhi-based coding instructor with itself for growth and expertise in business
 "Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding")
Mensa Brands lays off 30 from recently-bought India Lifestyle Network
In November 2021, Mensa Brands raised $135 million at a valuation of nearly $1.2 billion, making it the fastest Indian start-up to reach unicorn status
 "Mensa Brands lays off 30 from recently-bought India Lifestyle Network")
BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn
BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023
BigBasket co-founder Abhinay Choudhari's LaundryMate raises $6.25 mn
Blume Founders Fund and several HNIs, including Ola co-founder Ankit Bhati, participated in the pre-Series A round
 "BigBasket co-founder Abhinay Choudhari's LaundryMate raises $6.25 mn")
Razorpay unveils India's fastest one-step payments solution Turbo UPI
Razorpay Turbo UPI aims to deliver a 5X faster payment experience, streamlines the payment process and eliminates any redirection to external apps
 "Razorpay unveils India's fastest one-step payments solution Turbo UPI")
Rise of Generative AI impacting people across jobs: Coursera's Shravan Goli
Firm's COO also said that India is one of Coursera's fastest-growing markets and is critical to the edtech giant's global strategy
 "Rise of Generative AI impacting people across jobs: Coursera's Shravan Goli")