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.
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Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn
In June 2021, Byju's became India's most valuable unicorn
 "Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn")
Logically raises $24 mn; Vitruvian Partners leads funding round
It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.
 "Logically raises $24 mn; Vitruvian Partners leads funding round")
Meesho clocks 14 mn orders during Holi sale, surpasses peak Diwali demand
During the recently concluded Holi sale, the company saw nearly 80% of the demand coming from tier 2+ markets like Amravati, Aurangabad, Faizabad, Muzaffarpur and Silchar.
 "Meesho clocks 14 mn orders during Holi sale, surpasses peak Diwali demand")
Ola Electric brings former LG Chem Power CEO Prabhakar Patil onto its board
The company is now scouting the globe for opportunities to invest strategically into firms focused on advanced cell chemistry research and other battery tech
 "Ola Electric brings former LG Chem Power CEO Prabhakar Patil onto its board")
Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
 "Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users")
Amazon Academy starts JEE, NEET courses for aspiring engineers, doctors
As part of these packs, the students will get a total of 360+ hours of live lectures across key subjects on Amazon Academy.
 "Amazon Academy starts JEE, NEET courses for aspiring engineers, doctors")
Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
 "Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users")
Deadlock continues: Amazon-Future talks to resolve row break down
SC allows Amazon to file interim application
 "Deadlock continues: Amazon-Future talks to resolve row break down")
Licious raises $150 mn to invest in technology and strategic acquisitions
Present in raw and fresh meat and seafood, marinades and ready-to-eat categories, Licious said it is set to disrupt this highly underserved market.
 "Licious raises $150 mn to invest in technology and strategic acquisitions")
Flipkart Health+ names former Apollo Health exec Prashant Jhaveri as CEO
Jhaveri also served as CEO of MediBuddy, and chief business officer for Medi Assist Group in earlier stints
 "Flipkart Health+ names former Apollo Health exec Prashant Jhaveri as CEO")
Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum
The acquisition of IZealiant will further strengthen Razorpay's Banking Solutions Arm to build innovative payment banking technologies for partner banks
 "Razorpay acquires Pune fintech startup IZealiant Tech for undisclosed sum")
Ratan Tata-backed BlueStone valuation tops $410 mn in latest round
Funding in the omnichannel jewellery retailer was led by Sunil Kant Munjal, Chairman, Hero Enterprise
 "Ratan Tata-backed BlueStone valuation tops $410 mn in latest round")
Experts say Amazon-Future legal row worsening as US giant flexes muscle
The US e-commerce giant has also warned about taking action against Reliance
 "Experts say Amazon-Future legal row worsening as US giant flexes muscle")
Amazon threatens legal proceedings against Future Retail, promoters
Amazon Future case: Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited.
 "Amazon threatens legal proceedings against Future Retail, promoters")
Former Ola chief operating officer Gaurav Porwal joins Tata Digital
He was a few years senior to Ola founder Bhavish Aggarwal in IIT Bombay and joined the company in 2019
 "Former Ola chief operating officer Gaurav Porwal joins Tata Digital")
Amazon Business starts its first 'End of Financial Year Sale' in India
The sale aims to empower MSMEs by providing over 15 crore GST (goods and services tax) enabled products across top categories at exciting prices.
Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform
The store will offer over 20,000 styles from more than 100 domestic and international brands, specific to teen fashion
 "Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform")
Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round
Move is part of firm's confidence-building measure to show founder is bullish on the biz and help shore up investor interest, say sources
 "Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round")
eHealth sector to reach $40 billion GMV by 2030, says RedSeer report
Pandemic worked as a catalyst to trigger growth within this sector, paving the way for a booming eHealth landscape that grew at 51% CAGR in 2021
 "eHealth sector to reach $40 billion GMV by 2030, says RedSeer report")
udaan tops duopolistic Kirana e-commerce market in India: CLSA report
The platform has a 60% share in this space, with Reliance Jiomart being the only other dominant player
 "udaan tops duopolistic Kirana e-commerce market in India: CLSA report")