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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Raveendran secures pvt debt to pay March salaries of employees at Byju's
The development comes ahead of the April 23 hearing at NCLT and company may request the tribunal allow it to use the rights issue money
 "Raveendran secures pvt debt to pay March salaries of employees at Byju's")
Taking learnings from India, replicating them globally: Amazon Prime head
Ghani says that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds
 "Taking learnings from India, replicating them globally: Amazon Prime head")
Delhi continues its run as the most forgetful city: Uber Lost & Found Index
Over the last year, objects including phones, bags, wallets, and clothing top the list of items left in Ubers across India
 "Delhi continues its run as the most forgetful city: Uber Lost & Found Index")
VerSe Innovation acquires Magzter for a foray into super premium content
Launched as Dailyhunt Premium, this subscription-based offering will provide users access to premium content from international publishers in over 60 languages
 "VerSe Innovation acquires Magzter for a foray into super premium content")
Health drink to food drink? Ecommerce sellers in a reorganising mode
Major players are working with sellers on their platforms to change the listing of products
 "Health drink to food drink? Ecommerce sellers in a reorganising mode")
Google-backed Cropin launches AI tool to boost climate-smart agriculture
The Bengaluru-based company has launched 'akṣara', the agriculture sector's first purpose-built open-source Micro Language Model for climate-smart agriculture
 "Google-backed Cropin launches AI tool to boost climate-smart agriculture")
Namma Yatri drives into Bengaluru with zero commission cab service
Namma Yatri already has 25,000 cab drivers and aims to onboard over one lakh drivers in the next six months
 "Namma Yatri drives into Bengaluru with zero commission cab service")
Byju's India CEO Arjun Mohan moves on, company divided into three divisions
Byju's is consolidating its businesses into three focused divisions. These include The Learning App, Online Classes and Tuition Centres, and Test-prep
 "Byju's India CEO Arjun Mohan moves on, company divided into three divisions")
Edtech company Byju's shareholders approve $200 million rights issue
The culmination of the rights issue will also set the stage for the launch of Byju's 3.0, the suite of AI-first products
 "Edtech company Byju's shareholders approve $200 million rights issue")
ShareChat raises $49 mn via convertible debentures from existing investors
The new funds will be utilized to bolster the company's robust monetisation plans and propel it on its path to break-even and beyond, said Ankush Sachdeva, CEO and Cofounder, ShareChat and Moj
 "ShareChat raises $49 mn via convertible debentures from existing investors")
Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets
The on-demand convenience platform's Swiggy Pawlice feature empowers pet parents to report a missing pet directly on the Swiggy app
 "Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets")
Income tax notices lead to stress among startups, executives and investors
The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources
 "Income tax notices lead to stress among startups, executives and investors")
'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand
This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage
 "'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand")
Edtech company Byju's goes ahead with cutbacks, fires 500 staffers
Sales, marketing, and teaching roles feel the biggest impact
 "Edtech company Byju's goes ahead with cutbacks, fires 500 staffers")
Byju's delays salaries for 2nd month in a row amid rights issue dispute
Cash-strapped Byju's and its investors are involved in a dispute at the National Company Law Tribunal (NCLT) over the company's $200 million rights issue
 "Byju's delays salaries for 2nd month in a row amid rights issue dispute")
Byju's gets 50% vote on rights issue, asks miffed investors to participate
Raveendran says firm's priorities remain with existing shareholders
 "Byju's gets 50% vote on rights issue, asks miffed investors to participate")
Simpl expands partnership with Zomato to enhance convenience for customers
Expansion is to address the growing number of consumers seeking checkout convenience. Simpl has recorded over 100 million checkouts during 2017-2023 on Zomato
 "Simpl expands partnership with Zomato to enhance convenience for customers")
Atoms 3.0: Accel's 6-mnth pre-seed accelerator program, unveils 8 startups
The cohort receives up to $500,000 in funding, access to perks worth more than $5 mn from venture capital firm Accel's network partners, personalised mentorship
 "Atoms 3.0: Accel's 6-mnth pre-seed accelerator program, unveils 8 startups")
NCLT refuses to stay Byju's EGM to raise capital through rights issue
According to sources at Byju's, the court was convinced by evidence submitted and arguments made by Byju's counsels, who made a case that the "only objective of the petitioners is to be restrictive"
Top 20% of Urban Company partners earn 50% more than entry-level IT jobs
According to the latest NCAER report published in August 2023, gig workers on food delivery platforms earn an average of Rs 13,581 monthly net of all costs, after an active long-shift
 "Top 20% of Urban Company partners earn 50% more than entry-level IT jobs")