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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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.
Page 95 - Peerzada Abrar
PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month
The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country
 "PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month")
Ola bets on 10-minute delivery promise, but experts sceptical
Finger in too many pies? Market doesn't reward confusing narrative, they say
 "Ola bets on 10-minute delivery promise, but experts sceptical")
Performance management startup Mesh raises $11 mn for US, APAC expansion
The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.
 "Performance management startup Mesh raises $11 mn for US, APAC expansion")
Amazon says anyone aiding FRL shareholders meeting is party to fraud
In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL
 "Amazon says anyone aiding FRL shareholders meeting is party to fraud")
Top court refuses to entertain BharatPe's petition against PhonePe
Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'
Pine Labs makes majority investment in payment solution provider Mosambee
The leadership team at Mosambee will continue to operate independently.
 "Pine Labs makes majority investment in payment solution provider Mosambee")
Data-rich local Indian content provides fertile ground for tech companies
From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms
Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy
Aggarwal on Tuesday tweeted that he is not retiring as has been portrayed by some media reports
 "Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy")
Byju's names Amazon veteran VP tech as it scales up learning products
In his new role, Vedhanarayanan Ganeshkumar will also build and lead a talented team of engineers, software development managers, product managers, program managers
 "Byju's names Amazon veteran VP tech as it scales up learning products")
SoftBank-backed Meesho lays off 150 employees from grocery vertical
Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent
 "SoftBank-backed Meesho lays off 150 employees from grocery vertical")
Google-backed Glance launches live content platform for smart TVs
Glance TV aims to be present on approximately 30 per cent of all smart TVs in India soon
 "Google-backed Glance launches live content platform for smart TVs")
Amazon's apps witness nearly 500 mn cumulative downloads in India
Amazon counts Walmart-owned Flipkart, Reliance's JioMart and Tata among its rivals to tap the booming e-commerce market, which is expected to reach $350 billion by 2030 from $45-50 billion now
 "Amazon's apps witness nearly 500 mn cumulative downloads in India")
Flipkart launches its first grocery fulfilment centre in Northeast
The facility will cater to grocery needs of customers in over 800 pin codes across Guwahati and neighbouring cities and towns
 "Flipkart launches its first grocery fulfilment centre in Northeast")
SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive
That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March
 "SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive")
Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz
The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India
 "Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz")
Employee wellness platform Nova Benefits aims to cover 10 mn lives by 2025
It works with over 250 companies and covers employers with teams as compact as 10 employees.
 "Employee wellness platform Nova Benefits aims to cover 10 mn lives by 2025")
AI-based content firm Instoried raises $200 mn from GEM, seeks to go public
Funding comes in under 6 months after Instoried announced Series A round; firm says this makes it the fastest-growing deep tech startup led by a woman founder
 "AI-based content firm Instoried raises $200 mn from GEM, seeks to go public")
Bounce Infinity starts rolling out electric scooter; deliveries on Apr 18
Firm competes with electric two-wheeler makers such as SoftBank-backed Ola Electric, Ather Energy, Hero Electric, Bajaj's Chetak, TVS Motor Company, and Boom Motors
 "Bounce Infinity starts rolling out electric scooter; deliveries on Apr 18")
Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR
"This investment gives us further confidence that we have been able to consistently choose outstanding brands," said Raghav Joshi, co-founder, Rebel Foods
 "Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR")
25% of patients could have caught Covid-19 in all 3 waves: Practo Report
The report 'Understanding Covid-19: Comparing all three waves in India' analyses how Indians accessed healthcare during the three covid waves.
 "25% of patients could have caught Covid-19 in all 3 waves: Practo Report")