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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Retail tech firm Ace Turtle raises Rs 293 cr from Vertex, others
Start-up will use the funds to recruit talent and for business growth
 "Retail tech firm Ace Turtle raises Rs 293 cr from Vertex, others")
Myntra launches platform to tap 10 mn new Gen-Z shoppers in 2 years
The opportunity is huge, as 20 per cent of the world's Gen-Z live in India
 "Myntra launches platform to tap 10 mn new Gen-Z shoppers in 2 years")
Brought in Rs 28,000 cr FDI to India, says Byju Raveendran on ED raid
A day after ED conducted searches, seizure action at premises of Byju's, the founder and CEO Raveendran said that the company has taken all efforts to comply with all applicable foreign exchange laws
 "Brought in Rs 28,000 cr FDI to India, says Byju Raveendran on ED raid")
Germany's SAP sees 'phenomenal growth' in India, will increase hiring
Company considering 'specific investment' in the country for sustainability solutions
 "Germany's SAP sees 'phenomenal growth' in India, will increase hiring")
Uptick in PF enrolment, 1.38 cr net users joined EPFO scheme in 2021-22
The latest EPFO payroll figures from the past five years (2017-22) indicate that Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana have contributed significantly to the overall net EPFO
 "Uptick in PF enrolment, 1.38 cr net users joined EPFO scheme in 2021-22")
Green hydrogen firm Ohmium closes $250 million Series C fundraise
The funding will be used to support Ohmium's expansion to 2 GW in annual manufacturing capacity and the deployment of projects for the company's growing global customer pipeline in key regions
 "Green hydrogen firm Ohmium closes $250 million Series C fundraise")
Consumer lending platform Niro raises Series A funding of Rs 90 crore
Niro aims to empower consumer internet platforms to become providers of credit (and other financial) products for their consumers
 "Consumer lending platform Niro raises Series A funding of Rs 90 crore")
Kochi holds greatest promise for adoption of active, shared mobility
Aizawl in Mizoram emerged as a top performer in clean mobility according to Ola Mobility Institute (OMI) Foundation's Ease of Moving Index - India Report 2022
 "Kochi holds greatest promise for adoption of active, shared mobility")
Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter
Blackstone-backed company plans 40% growth in FY24 to turn profitable, says senior executive
 "Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter")
Myntra introduces 'vernacular search' for users to shop in Indian languages
feature allows consumers to browse for fashion, beauty and lifestyle products in 10 Indian languages other than Hindi
Meesho's monthly active users count about 55% of Amazon, Flipkart: Report
Meesho is India's third largest e-commerce retailer with CY22 GMV of $4.5 bn and 7 per cent market share, growing much faster than overall e-commerce market, according to the brokerage firm Jefferies.
 "Meesho's monthly active users count about 55% of Amazon, Flipkart: Report")
Nearly 1 million music streams played every 3 minutes in FY23: Redseer
Daily streams on audio streaming platforms reached 460 million in FY23 and Spotify dominates the OTT audio market with a 26% share of streams, said a Redseer report
 "Nearly 1 million music streams played every 3 minutes in FY23: Redseer")
US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics
ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'
 "US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics")
CFOs in demand at startups amid funding winter, profitability woes
An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter
 "CFOs in demand at startups amid funding winter, profitability woes")
India gets over $60 bn in PE-VC investments for third year straight: Report
Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says
 "India gets over $60 bn in PE-VC investments for third year straight: Report")
Razorpay sets up board for high standards of governance, compliance
The advisory board will periodically convene to review, analyse and provide recommendations and directions on both strategic and tactical levels
 "Razorpay sets up board for high standards of governance, compliance")
Udaan forms strategy to strengthen its staples business across Bharat
Following high growth, B2B e-commerce platform plans to double miller count in the next 12-15 months
 "Udaan forms strategy to strengthen its staples business across Bharat")
Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm
Meanwhile, Zepto has announced the appointment of crypto firm CoinSwitch's chief financial officer Ramesh Bafna as its new CFO. Bafna is an ex-CFO of Myntra and an early member of the Flipkart team
 "Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm")
AI to have huge impact on future of businesses, but challenges exist
While generative AI has created a huge buzz at the consumer end, enterprises are still cautious about its use
 "AI to have huge impact on future of businesses, but challenges exist")
Uber sets up second batch of driver members to join advisory council
System gives the 'much-deserved seat at the table', says ride hailing company
 "Uber sets up second batch of driver members to join advisory council")