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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ADIA may seal $500-million stake deal in eyewear start-up Lenskart
Eyewear firm likely to raise another $100 million from ChrysCapital
 "ADIA may seal $500-million stake deal in eyewear start-up Lenskart")
India likely to be largest market in the world this year: Walmart CFO
John David Rainey, CFO Walmart, said during an investor conference that Walmart-owned Flipkart and PhonePe have exciting opportunities and have large portions of market share in India
 "India likely to be largest market in the world this year: Walmart CFO")
Duolingo bets big on India, as Indians learn Korean, High Valyrian, French
India is now the US edtech firm's fifth largest market by daily active users (DAUs) and the second fastest-growing among its top 10 markets in 2022
 "Duolingo bets big on India, as Indians learn Korean, High Valyrian, French")
20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen
As Domino's faces the 20-minute delivery challenge in Bengaluru, announces launch of service in other metros in 12 months
 "20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen")
Google-backed startup unveils multilingual voice search technology
Slang Labs was co-founded in 2017 by founders who had earlier co-founded Little Eye Labs, the first and only Indian company to be acquired by Meta (Facebook)
 "Google-backed startup unveils multilingual voice search technology")
Domino's targets 20-minute delivery across metro cities in next 12 months
Domino's 20-minute delivery is available at 170 stores across Bengaluru
 "Domino's targets 20-minute delivery across metro cities in next 12 months")
Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn
The Group is looking to build the world's largest hybrid curated marketplace for learning services, says Priyavrata Mafatlal, Vice Chairman, Arvind Mafatlal Group
 "Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn")
RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms
Ola Financial Services, Obopay Mobile and Manapurram Finance other entities
 "RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms")
Indian SFV market monetisation, a $8-12 bn opportunity by 2030: Redseer
In India, the Redseer report also said that video commerce has just started, with shortform video platforms expected to capture about 40 per cent of the $8-11 billion video commerce market in 2030
 "Indian SFV market monetisation, a $8-12 bn opportunity by 2030: Redseer")
Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh
Ahmedabad-based Matter will be competing with players such as Ola Electric and Ultraviolette in the electric motorbike segment
 "Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh")
Facebook co-founder's VC firm B Capital closes health fund, commits $500 mn
Technological advancements in biology, artificial intelligence, and automation are transforming the healthcare industry, with business models seeing the convergence of traditional players in novel way
 "Facebook co-founder's VC firm B Capital closes health fund, commits $500 mn")
Silicon Valley veteran Dan Rosensweig joins upGrad's board of directors
Rosensweig also serves on the board of Adobe and is a senior advisor to TPG Growth Ventures & Kleiner Perkins
 "Silicon Valley veteran Dan Rosensweig joins upGrad's board of directors")
Rebel Foods to run American burger giant Wendy's restaurants in India
With this, Rebel Foods will retain its position as world's largest internet restaurant firm and will become the only cloud kitchen player in India to scale a large global QSR brand
 "Rebel Foods to run American burger giant Wendy's restaurants in India")
Half of Myntra's beauty product orders now come from Tier-2 and 3 cities
The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028
 "Half of Myntra's beauty product orders now come from Tier-2 and 3 cities")
Investors eyeing asset sale of GoMechanic; decision likely in a week
The firm reportedly did not maintain inventory records for receipts and issuance of goods directly received by the customers
 "Investors eyeing asset sale of GoMechanic; decision likely in a week")
Uber says unfeasible EV mandates risk finishing off bike taxi sector
As Delhi govt mulls regulatory framework that will likely allow only EVs to function as bike taxis, Uber urged to initiate an industry dialogue so that one can arrive at joint path to electrification
 "Uber says unfeasible EV mandates risk finishing off bike taxi sector")
No plans to shut down WhiteHat Jr, merely optimising it: Byju's
Last year, Byju's laid off about 600 employees at its group companies - WhiteHat Jr and Toppr
 "No plans to shut down WhiteHat Jr, merely optimising it: Byju's")
Ride-hailing giant Uber rolls out biggest app redesign in years
The ride-hailing company said the new Uber app makes it way easier to book rides, taking into account the most preferred destinations and products for each rider
 "Ride-hailing giant Uber rolls out biggest app redesign in years")
Athletic apparel retailer Lululemon to ramp up tech team in India
Lululemon which sells a variety of athletic wear is expanding its India Tech Hub, where teams are working on projects of strategic importance
 "Athletic apparel retailer Lululemon to ramp up tech team in India")
No increments for Flipkart's 4,500 senior personnel this cycle
However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle
 "No increments for Flipkart's 4,500 senior personnel this cycle")