 "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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upGrad closes Rs 300 cr internal funding round from existing investors
Major investors in the rights include co-founder Ronnie Screwvala (Rs 212 cr) and Singapore-based Temasek (Rs 81 cr)
 "upGrad closes Rs 300 cr internal funding round from existing investors")
Fintech start-up Nimbbl raises $3.5 mn to improve market presence
Company says more than 4,000 merchants use its one-click payment checkout solution
 "Fintech start-up Nimbbl raises $3.5 mn to improve market presence")
Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh
The firm's annual profit was Rs 14 crore the last year
 "Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh")
Wipro Consumer Care invests unknown sum in women's health startup Gynoveda
Founded in 2019 by a husband-wife duo and a gynaecologist, Gynoveda attempts to help women aged 14-45-years cure disorders such as infertility, PCOS, and irregular menstrual cycles
 "Wipro Consumer Care invests unknown sum in women's health startup Gynoveda")
Finance Bill 2023: Angel tax another hiccup for start-ups amid funding woes
However, the Finance Ministry said that all concerns raised by stakeholders in implementing this proposal would be addressed
 "Finance Bill 2023: Angel tax another hiccup for start-ups amid funding woes")
Foxconn deal: Karnataka labour laws in focus, Tamil Nadu may follow
Allowing 12-hour shifts for all and nighttime work for women was meant to benefit software firms, but is said to have clinched Foxconn's Rs 8,000 cr investment
 "Foxconn deal: Karnataka labour laws in focus, Tamil Nadu may follow")
India's ONDC forays into the mobility segment; takes on Uber and Ola
Incorporated in December 2021, ONDC said its aims to create a facilitative model that revolutionises digital commerce, giving greater thrust to penetration of retail e-commerce in India
 "India's ONDC forays into the mobility segment; takes on Uber and Ola")
Amazon's accelerator programme to support 50 Indian D2C startups
Amazon Global Selling Propel Startup Accelerator (Propel S3) is a key part of the e-commerce giant's commitment to enabling $20 billion in e-commerce exports from India by 2025
 "Amazon's accelerator programme to support 50 Indian D2C startups")
How Indian tech cos banded together to help each other during SVB crisis
The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact
 "How Indian tech cos banded together to help each other during SVB crisis")
PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation
New funding is part of PhonePe's ongoing capital raise of up to $1 bn, following its domicile shift to India last year
 "PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation")
Scam-call blocker Truecaller opens first India office in Bengaluru
The company opened a facility in Bengaluru, which is its largest office in the world outside of its headquarters in Sweden
 "Scam-call blocker Truecaller opens first India office in Bengaluru")
ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer
The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources
 "ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer")
Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years
US fried-chicken chain Popeyes made its debut in India with the opening of its first restaurant in Bengaluru in January 2022, followed by rapid expansion to 12 restaurants in Bengaluru
 "Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years")
Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling
upGrad works with over 400 global companies to upskill their talent
 "Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling")
SVB fallout: Present imperfect, future tense for Indian start-ups
Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later
 "SVB fallout: Present imperfect, future tense for Indian start-ups")
Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others
The new investment is likely to close in a few weeks and help the payments firm compete with Google Pay, Paytm, and Amazon Pay in the Indian fintech space
 "Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others")
Edtech startup Byju's to raise $250 mn in Aakash pre-IPO funding
Aakash is eyeing an initial public offering (IPO) and it is looking to raise the capital to create an interim event and set the stage, according to the sources
 "Edtech startup Byju's to raise $250 mn in Aakash pre-IPO funding")
ADIA may seal $500-million stake deal in eyewear start-up Lenskart
Eyewear firm likely to raise another $100 million from ChrysCapital
 "ADIA may seal $500-million stake deal in eyewear start-up Lenskart")
India likely to be largest market in the world this year: Walmart CFO
John David Rainey, CFO Walmart, said during an investor conference that Walmart-owned Flipkart and PhonePe have exciting opportunities and have large portions of market share in India
 "India likely to be largest market in the world this year: Walmart CFO")
Duolingo bets big on India, as Indians learn Korean, High Valyrian, French
India is now the US edtech firm's fifth largest market by daily active users (DAUs) and the second fastest-growing among its top 10 markets in 2022
 "Duolingo bets big on India, as Indians learn Korean, High Valyrian, French")