 "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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Green hydrogen firm Ohmium closes $250 million Series C fundraise
The funding will be used to support Ohmium's expansion to 2 GW in annual manufacturing capacity and the deployment of projects for the company's growing global customer pipeline in key regions
 "Green hydrogen firm Ohmium closes $250 million Series C fundraise")
Consumer lending platform Niro raises Series A funding of Rs 90 crore
Niro aims to empower consumer internet platforms to become providers of credit (and other financial) products for their consumers
 "Consumer lending platform Niro raises Series A funding of Rs 90 crore")
Kochi holds greatest promise for adoption of active, shared mobility
Aizawl in Mizoram emerged as a top performer in clean mobility according to Ola Mobility Institute (OMI) Foundation's Ease of Moving Index - India Report 2022
 "Kochi holds greatest promise for adoption of active, shared mobility")
Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter
Blackstone-backed company plans 40% growth in FY24 to turn profitable, says senior executive
 "Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter")
Myntra introduces 'vernacular search' for users to shop in Indian languages
feature allows consumers to browse for fashion, beauty and lifestyle products in 10 Indian languages other than Hindi
 "Myntra introduces 'vernacular search' for users to shop in Indian languages")
Meesho's monthly active users count about 55% of Amazon, Flipkart: Report
Meesho is India's third largest e-commerce retailer with CY22 GMV of $4.5 bn and 7 per cent market share, growing much faster than overall e-commerce market, according to the brokerage firm Jefferies.
 "Meesho's monthly active users count about 55% of Amazon, Flipkart: Report")
Nearly 1 million music streams played every 3 minutes in FY23: Redseer
Daily streams on audio streaming platforms reached 460 million in FY23 and Spotify dominates the OTT audio market with a 26% share of streams, said a Redseer report
 "Nearly 1 million music streams played every 3 minutes in FY23: Redseer")
US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics
ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'
 "US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics")
CFOs in demand at startups amid funding winter, profitability woes
An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter
 "CFOs in demand at startups amid funding winter, profitability woes")
India gets over $60 bn in PE-VC investments for third year straight: Report
Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says
 "India gets over $60 bn in PE-VC investments for third year straight: Report")
Razorpay sets up board for high standards of governance, compliance
The advisory board will periodically convene to review, analyse and provide recommendations and directions on both strategic and tactical levels
 "Razorpay sets up board for high standards of governance, compliance")
Udaan forms strategy to strengthen its staples business across Bharat
Following high growth, B2B e-commerce platform plans to double miller count in the next 12-15 months
 "Udaan forms strategy to strengthen its staples business across Bharat")
Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm
Meanwhile, Zepto has announced the appointment of crypto firm CoinSwitch's chief financial officer Ramesh Bafna as its new CFO. Bafna is an ex-CFO of Myntra and an early member of the Flipkart team
 "Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm")
AI to have huge impact on future of businesses, but challenges exist
While generative AI has created a huge buzz at the consumer end, enterprises are still cautious about its use
 "AI to have huge impact on future of businesses, but challenges exist")
Uber sets up second batch of driver members to join advisory council
System gives the 'much-deserved seat at the table', says ride hailing company
 "Uber sets up second batch of driver members to join advisory council")
Lupin Diagnostics launches regional reference laboratory in Bengaluru
After establishing a presence in Hyderabad, this launch expands footprint in South India
 "Lupin Diagnostics launches regional reference laboratory in Bengaluru")
PhonePe raises $100 million additional funding from General Atlantic
This new funding is part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year
 "PhonePe raises $100 million additional funding from General Atlantic")
Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding
The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution
 "Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding")
India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer
The total shipments for e-commerce logistics grew to 4 billion in FY23
 "India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer")
Cold chain startup Celcius raises Rs 100 crore from IvyCap, others
The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables
 "Cold chain startup Celcius raises Rs 100 crore from IvyCap, others")