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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Ola Electric sells over 50,000 units, registers 41,605 units in Oct
With a market share of 30 per cent, the company said it continues to dominate the EV 2W segment in India
 "Ola Electric sells over 50,000 units, registers 41,605 units in Oct")
Spot AI secures $31 mn, launches Video AI Agents for enhanced surveillance
Video AI Agents transform cameras from passive observers into proactive problem solvers and can autonomously identify issues and trigger responses without the need for human intervention
 "Spot AI secures $31 mn, launches Video AI Agents for enhanced surveillance")
Persana AI raises $2.3 million to tap sales intelligence market growth
The startup aims to empower GTM (go to market) teams with tools that streamline workflows and drive growth in today's data-driven landscape.
 "Persana AI raises $2.3 million to tap sales intelligence market growth")
Meesho generates positive operating cash flow of Rs 232 cr in FY24
Company says it is India's first horizontal e-commerce platform to have free cash flow as adjusted losses reduce by 97% to 53 cr
 "Meesho generates positive operating cash flow of Rs 232 cr in FY24")
Swiggy IPO ups primary fundraise to Rs 4,499 cr, cuts secondary share sale
Food and grocery delivery company expected to announce its IPO price band on Wednesday
 "Swiggy IPO ups primary fundraise to Rs 4,499 cr, cuts secondary share sale")
Festive boost: Flipkart records 7.2 billion customer engagement visits
The e-commerce firm also witnessed a record 282 million unique visitors during the period, primarily driven by premiumisation and personalised preferences, especially in metros and Tier-2+ cities
 "Festive boost: Flipkart records 7.2 billion customer engagement visits")
EvoluteIQ secures $20 million funding to fuel growth and innovation
This funding will support EvoluteIQ's plan to enhance its AI automation platform and expand operations globally
 "EvoluteIQ secures $20 million funding to fuel growth and innovation")
Razorpay says payment gateway business grew 24% in revenue in FY24
Fintech company reports growth despite restriction on taking in new customers
 "Razorpay says payment gateway business grew 24% in revenue in FY24")
Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24
In FY24, Flipkart Internet generated nearly Rs 5,000 crore from advertising, up from Rs 3,324.7 crore in the previous year
 "Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24")
E-commerce firm Udaan raises about Rs 300 crore in debt funding round
The latest debt funding will strengthen Udaan's balance sheet, offering flexibility to invest and maintain its leadership
 "E-commerce firm Udaan raises about Rs 300 crore in debt funding round")
Rural India emerges as a goldmine for e-com companies during festive season
Despite logistical challenges, e-commerce firms are ramping up their infrastructure and technology to meet the diverse customer needs in small towns and hinterlands
 "Rural India emerges as a goldmine for e-com companies during festive season")
216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co
This hiring trend is not limited to major metro cities; Tier-II and Tier-III cities are also experiencing a significant rise in job opportunities
 "216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co")
Indian startup Healthify closes $45 mn funding round to drive US expansion
Company uses AI to recommend personalised fitness and nutrition plans
 "Indian startup Healthify closes $45 mn funding round to drive US expansion")
YouTube Shopping expands in India, collaborates with Flipkart and Myntra
The video platform said the global success of YouTube Shopping, with over 30 billion hours of shopping-related content watched in 2023, shows the power of connecting creators, viewers, and brands
 "YouTube Shopping expands in India, collaborates with Flipkart and Myntra")
Swiggy unveils 'International Logins' for NRIs from 27 countries
The International Logins feature enables those residing outside India with international numbers to transact on Swiggy Food, Swiggy Instamart, Swiggy Dineout and Swiggy Genie
More jobs, investment: Space industry welcomes Rs 1K crore VC fund
Industry welcomes move to expand the space economy to $44 billion by 2033
 "More jobs, investment: Space industry welcomes Rs 1K crore VC fund")
'AI-powered system predicts patient deterioration up to 16 hrs in advance'
Healthtech firm Dozee's AI-powered system alerted patients' health deterioration about 16 hours in advance and continuous monitoring saved 10% of healthcare practitioners' time
 "'AI-powered system predicts patient deterioration up to 16 hrs in advance'")
How cash-on-delivery makes delivery agents an easy target of violence
A murder has brought into focus the risks agents face during cash-on-delivery orders
 "How cash-on-delivery makes delivery agents an easy target of violence")
Trai's new traceability rules won't disrupt e-commerce OTP services
Trai's new mandate, set to take effect on November 1, would require traceability of messages sent by principal entities, including banks, e-commerce platforms, and financial institutions
 "Trai's new traceability rules won't disrupt e-commerce OTP services")
Blinkit rolls out Seller Hub for easier onboarding of sellers, brands
The programme, on the lines of Fulfilled by Amazon (FBA), has already attracted over 200 brands
 "Blinkit rolls out Seller Hub for easier onboarding of sellers, brands")