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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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")
Lupin Diagnostics launches regional reference laboratory in Bengaluru
After establishing a presence in Hyderabad, this launch expands footprint in South India
 "Lupin Diagnostics launches regional reference laboratory in Bengaluru")
PhonePe raises $100 million additional funding from General Atlantic
This new funding is part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year
 "PhonePe raises $100 million additional funding from General Atlantic")
Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding
The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution
 "Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding")
India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer
The total shipments for e-commerce logistics grew to 4 billion in FY23
 "India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer")
Cold chain startup Celcius raises Rs 100 crore from IvyCap, others
The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables
 "Cold chain startup Celcius raises Rs 100 crore from IvyCap, others")
Want to make India an engineering and manufacturing hub: Legrand Group CEO
He said Legrand is planning to expand in the country, doubling down on investments and hiring about 500 people this year as well as make acquisitions
 "Want to make India an engineering and manufacturing hub: Legrand Group CEO")
ZestMoney laying off 100 employees after deal with PhonePe fails
PhonePe in talks with BNPL firm to hire some staff left after acquisition talks fail
 "ZestMoney laying off 100 employees after deal with PhonePe fails")
Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund
Cloud kitchen company says it will use financing to expand reach and diversify in offline market
 "Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund")
Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report
Transacting users in this IPL is expected to grow by 25-30 per cent, with 60-65 per cent of them coming from tier-II cities and beyond
 "Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report")
Electronics trade group announces IESA new council, Sanjay Gupta is chief
Organisation represents the country's electronics system design and manufacturing industry
 "Electronics trade group announces IESA new council, Sanjay Gupta is chief")
Global investors slash valuation of Indian unicorns amid funding winter
Investors are looking to mark down the valuations of top Indian tech firms in the range of 20 per cent to 50 per cent, according to analysts
 "Global investors slash valuation of Indian unicorns amid funding winter")
Iron Pillar raises $129 mn to invest in global cloud firms from India
The venture capital firm said this is the first-ever Series B / C stage fund focused on investing in global cloud software companies from India
 "Iron Pillar raises $129 mn to invest in global cloud firms from India")
IPO only after achieving overall profitability: PhonePe CEO Sameer Nigam
We have raised $650 million as part of PhonePe's ongoing fundraise of up to $1 billion, said Sameer Nigam, CEO and founder of PhonePe
 "IPO only after achieving overall profitability: PhonePe CEO Sameer Nigam")
PhonePe launches shopping app for ONDC, marking e-commerce entry
Shopping app 'Pincode' to take on the likes of Amazon, JioMart
 "PhonePe launches shopping app for ONDC, marking e-commerce entry")
Edtech giant Byju's appoints GE and Vedanta executive Ajay Goel as CFO
The edtech giant hired has hired Goel to the company's financial operations, long-term business strategies, and path to profitability
 "Edtech giant Byju's appoints GE and Vedanta executive Ajay Goel as CFO")
Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar
Meesho competes with players such as Walmart-owned Flipkart, Amazon and Reliance's JioMart
 "Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar")
Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role
Karthik Gurumurthy, another senior executive of the firm, reportedly going on sabbatical
 "Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role")
ZestMoney looking to lay off employees after deal with PhonePe fails
ZestMoney founders held a town hall on March 30 and informed employees about layoffs across depts, say sources; not known yet how many would be asked to go
 "ZestMoney looking to lay off employees after deal with PhonePe fails")
Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year
Byju's acquired AESL in 2021 for about $1 billion. Since then, Byju's said AESL's revenue and profits tripled
 "Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year")