 "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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Byju's to lay off 2,500 staffers, targets profitability by March
The company is also realigning marketing spending to enhance its global footprint
 "Byju's to lay off 2,500 staffers, targets profitability by March")
PotHoleRaja: How one start-up is fixing roads the eco-friendly way
PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads
 "PotHoleRaja: How one start-up is fixing roads the eco-friendly way")
Fireside Ventures announces final close of third fund at $225 million
Fireside is betting big on market for D2C brands in India which is set to touch $100 billion by 2025
 "Fireside Ventures announces final close of third fund at $225 million")
Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report
The top three sectors to receive maximum funding this quarter were alternative lending, genomics and payments
 "Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report")
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
 "India's e-retail market to increase to $150 bn-$170 bn by 2027: Report")
Licious launches D2C plant-based meat brand, eyes pole position within a yr
The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.
 "Licious launches D2C plant-based meat brand, eyes pole position within a yr")
Uber, Ola respond to Karnataka govt notice, say fares comply with rules
Mobility players such as Ola, Uber and Rapido were asked to stop their auto-rickshaw services in Bengaluru in three days; state transport dept had issued notices to these firms on Thursday
 "Uber, Ola respond to Karnataka govt notice, say fares comply with rules")
Meesho surpasses Amazon in festive order volumes, Flipkart leads the market
E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events
 "Meesho surpasses Amazon in festive order volumes, Flipkart leads the market")
Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares
Action after complaints of overcharging
 "Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares")
Festival sales: Consumer firms see robust demand across categories
E-commerce firms and online retailers too have been having swinging times
 "Festival sales: Consumer firms see robust demand across categories")
Cleartrip 2.0: The second coming of the 16-year-old travel company
Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms
 "Cleartrip 2.0: The second coming of the 16-year-old travel company")
Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC
Company will use the money to strengthen manufacturing, supply chain and hire talent
 "Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC")
Algo rhythm: Over 14 million cyber-attacks blocked daily, says report
The report is the outcome of an analysis of more than 1,200 websites and over 12 billion requests that the Indusface AppTrana network received in August-September 2022
 "Algo rhythm: Over 14 million cyber-attacks blocked daily, says report")
Big Billion Days: Flipkart witnesses over 1 billion customer visits
The e-commerce firm also said TBBD 2022 marked more than 100 per cent increase in crorepati sellers on the marketplace since the last edition
 "Big Billion Days: Flipkart witnesses over 1 billion customer visits")
SoftBank-backed Meesho records nearly 68% jump in festival sales
Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.
Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P
Amazon India has witnessed a significant demand for services from Tier-1 and Tier-2 regions for its flagship sale event
 "Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P")
Consumer companies expect strong sales revival this festival season
There are expectations of a good kharif crop as well
 "Consumer companies expect strong sales revival this festival season")
E-com giants clock $3.5 billion in first four days of festival sales
If this trend is maintained, the figure may cross $5.9 bn during the first week
 "E-com giants clock $3.5 billion in first four days of festival sales")
Gameskraft Technology faces Rs 21,000-crore tax notice for 'GST evasion'
The Council is expected to meet next month to take up the panel's report on the issue
 "Gameskraft Technology faces Rs 21,000-crore tax notice for 'GST evasion'")
1.6 mn users per second on Flipkart app as 'Big Billion Days' sales kick in
Early trends indicate that the overall consumer sentiment towards festive shopping is positive