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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$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn
Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr
 "$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn")
Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr
The Deepinder Goyal-led firm's total expenses for the fiscal were reported as Rs 5,006 crore. Zomato is gearing up for an IPO this year
 "Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr")
Chinese hackers targeted Indians with e-shopping scams, says report
The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes
 "Chinese hackers targeted Indians with e-shopping scams, says report")
Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021
Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that
 "Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021")
Zomato valuation crosses $3.9 billion after closing $660-million financing
The company CEO said marquee global investors share the company's enthusiasm about the future of this business
 "Zomato valuation crosses $3.9 billion after closing $660-million financing")
India plays an important role in hunt for talent in digital age: Amazon CTO
Vogels says India has tremendous engineers, innovators and a great entrepreneurial spirit.
 "India plays an important role in hunt for talent in digital age: Amazon CTO")
8 predictions by Amazon CTO on how tech will change our lives next year
Though predictions are always tough, Vogels sticks his neck out and makes eight predictions on how technology will continue to change our lives in the coming year
 "8 predictions by Amazon CTO on how tech will change our lives next year")
Amazon Internet Services reports 54% rise in revenue to Rs 4,216 crore
The revenue of the company was fully generated from services called 'other data processing, hosting and related activities' and other information technology services
 "Amazon Internet Services reports 54% rise in revenue to Rs 4,216 crore")
Will leave no stone unturned to improve working conditions: Zomato
Only two platforms (Urban Company and Flipkart) were able to demonstrate that additional measures were taken to actively improve working conditions
Myntra set for biggest fashion festive sale; to cater to 40 mn visitors
The Walmart-owned firm is geared to handle 900,000 concurrent users and 20,000 orders per minute at peak and expects to cater to over 4 million unique customers
 "Myntra set for biggest fashion festive sale; to cater to 40 mn visitors")
Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%
The revenue of the company is mainly generated from e-commerce, information technology-enabled services, marketplace and related support service
 "Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%")
How IBM researchers enabled AI platform Watson to understand native Hindi
With this, Watson Discovery can understand documents written in Devanagari and extract their meaning, without having to resort to any translation to English
 "How IBM researchers enabled AI platform Watson to understand native Hindi")
Ola to invest Rs 2,400 cr for 'world's largest' e-scooter factory
Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units
 "Ola to invest Rs 2,400 cr for 'world's largest' e-scooter factory")
World's 'largest' street food vendor project: All you need to know
What has triggered this partnership and what are Swiggy's plans to achieve it? In this podcast, Business Standard's Peerzada Abrar explains the initiative
 "World's 'largest' street food vendor project: All you need to know")
Start-ups from IISc, IITs tweak their innovations to address Covid crisis
As soon as the Covid-19 pandemic struck, many start-ups incubated at IISc's Society for Innovation and Development began work on repurposing their innovations
 "Start-ups from IISc, IITs tweak their innovations to address Covid crisis")
Rising tech adoption among small businesses a big opportunity: Shopify
Shopify is at an inflection point in India, as the market opportunities for online commerce in the country are expected to touch $200 billion by 2028
 "Rising tech adoption among small businesses a big opportunity: Shopify")
Tech overhaul via public-private partnership will hasten recovery: Nadella
Microsoft CEO Satya Nadella is of the view that technology is going to be an exponential change
 "Tech overhaul via public-private partnership will hasten recovery: Nadella")
SoftBank-backed Ola targets European market for electric vehicle business
The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business
 "SoftBank-backed Ola targets European market for electric vehicle business")
Over 5,000 employees from Walmart India joining Flipkart Wholesale
The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices
 "Over 5,000 employees from Walmart India joining Flipkart Wholesale")
Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%
After the closure of the financial year 2019-20, the firm has revised authorised share capital from Rs 6,000 crore to Rs 16,000 crore in an extraordinary general meeting held in September this year
 "Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%")