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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Nilekani-backed people+ai unveils Adbhut India, a vision for AI in India
The people+ai initiative focuses on discovering, demonstrating, and disseminating population-scale AI use cases for India
 "Nilekani-backed people+ai unveils Adbhut India, a vision for AI in India")
Cash-strapped Byju's cuts product prices, unveils new sales strategy
In the new model, managers will have the role of mentors and not of taskmasters. Employees are encouraged to report any ill-treatment by managers directly to founder Byju Raveendran
 "Cash-strapped Byju's cuts product prices, unveils new sales strategy")
Setu unveils Sesame, India's first domain-specific LLM for BFSI sector
Developed in collaboration with indigenous AI research firm Sarvam AI, the company said this marks a "ChatGPT moment" in financial services
 "Setu unveils Sesame, India's first domain-specific LLM for BFSI sector")
Nandan Nilekani-backed people+ai partners with 24 tech organisations
It stands out as one of the select technology-driven consortia dedicated to addressing and facilitating large-scale computing access
 "Nandan Nilekani-backed people+ai partners with 24 tech organisations")
Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory
With an initial production capacity of over 500,000 e-cycles annually, the gigafactory aims to meet the rising demand for alternative modes of transportation
 "Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory")
Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain
The vision is to enable the developers to do cutting-edge innovation. These platforms or tools that developers need are computing and services and that is what we have opened up
 "Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain")
Bhavish Aggarwal's Krutrim unveils Android app, iOS app coming soon
Krutrim has opened up its cloud platform for enterprises, researchers, and developers, enabling development of new-age technology products at a fraction of current costs
 "Bhavish Aggarwal's Krutrim unveils Android app, iOS app coming soon")
Cash-strapped Byju's pays April salaries to all employees except sales ones
Last month, Byju Raveendran, the founder and chief executive officer of Byju's, secured a private debt of about Rs 30 crore to pay the March salaries of employees
 "Cash-strapped Byju's pays April salaries to all employees except sales ones")
E-commerce majors Amazon, Flipkart flouted antitrust laws: CCI probe
Competition regulator to soon share report with firms
 "E-commerce majors Amazon, Flipkart flouted antitrust laws: CCI probe")
Cash-strapped Byju's may pay salary to employees for April this week
Last month, Byju Raveendran, the founder and chief executive of Byju's, secured a private debt of about Rs 30 crore to pay the March salaries of employees
 "Cash-strapped Byju's may pay salary to employees for April this week")
Stride Ventures closes Fund III at $165 mn, portfolio showcases top cos
This third fund has garnered strong support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries, and high-net-worth individuals (HNIs)
 "Stride Ventures closes Fund III at $165 mn, portfolio showcases top cos")
Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund
The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups
 "Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund")
Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years
The meat and seafood startup is looking to achieve Ebitda profitability by March this year
 "Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years")
Alphadroid aims to empower hospitality industry with service robots
Robotics company Alphadroid aims to develop a machine that empowers overall business processes with sustainability and cost efficiency
 "Alphadroid aims to empower hospitality industry with service robots")
Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees
Ola Cabs is reportedly planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion
 "Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees")
Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024
The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors
 "Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024")
Amazon India's eighth edition of 'Prime Day' event coming up in July
The e-commerce firm stated Prime Day 2023 was the biggest ever Prime Day in India as 14 per cent more Prime members shopped hundreds of thousands of deals compared to Prime Day 2022
 "Amazon India's eighth edition of 'Prime Day' event coming up in July")
Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit
Capria venture capital firm sold its stake in Awingn to Japanese conglomerate Mynavi Corporation
 "Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit")
Startups want more funds, tax relief once the new govt takes office
Lack of significant funding, heavy tax deductions and import duties and red tape are some of the biggest hurdles that startups want the new government to address once it comes into power after polls
 "Startups want more funds, tax relief once the new govt takes office")
Byju's continues facing cash crunch as NCLT defers hearing to June 6
Byju's and its investors are fighting at the National Company Law Tribunal (NCLT) over the company's rights issue of $200 million in a petition alleging oppression and mismanagement
 "Byju's continues facing cash crunch as NCLT defers hearing to June 6")