 "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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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.
Page 78 - Peerzada Abrar/undefined
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")
E-commerce firm FreshToHome bags $104 mn amid long funding dry spell
Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products
 "E-commerce firm FreshToHome bags $104 mn amid long funding dry spell")
Tata Motors bags India's largest electric vehicle fleet order from Uber
To deliver 25,000 XPRES-T EVs in a phased manner
 "Tata Motors bags India's largest electric vehicle fleet order from Uber")
Big blow to Rapido, Ola and Uber as Delhi govt bars bike services
Digital apps, engaging as an aggregator, will be charged a fine of up to Rs 1 lakh under Motor Vehicles Act
 "Big blow to Rapido, Ola and Uber as Delhi govt bars bike services")
Plan to invest in climate, electric mobility in India: Lightspeed's Taneja
At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country
 "Plan to invest in climate, electric mobility in India: Lightspeed's Taneja")
Twitter's two India offices vacant as social media firm cuts costs
Sources said that no one has reported at Twitter's office at the WeWork facility in the Bombay-Kurla Complex (BKC)
 "Twitter's two India offices vacant as social media firm cuts costs")
B2B could be India's top sector for venture debt funding in 2023: Report
71% of founders of early-stage companies plan to raise venture debt this year
 "B2B could be India's top sector for venture debt funding in 2023: Report")
Indian electric scooter maker Ather installs over 1000 fast-charging units
The Ather Grid App allows scooter owners to locate and check the availability of the nearest charging stations in real-time
 "Indian electric scooter maker Ather installs over 1000 fast-charging units")
udaanCapital disburses Rs 4000 cr in supply-chain financing to MSMEs
The fintech says it is uniquely positioned to tap the $380 billion working capital opportunity in this space
 "udaanCapital disburses Rs 4000 cr in supply-chain financing to MSMEs")
HBL Power Systems to invest up to Rs 150 cr in defence imaging firm Tonbo
Tonbo India manufactures imaging systems for surveillance, reconnaissance and targeting
 "HBL Power Systems to invest up to Rs 150 cr in defence imaging firm Tonbo")
Ola Electric to have 500 experience centres for customers by March
Outlets manage post-sales care and maintenance of company's electric scooters
 "Ola Electric to have 500 experience centres for customers by March")
Swiggy Instamart scales up tech to deliver 1 mn roses in Valentine's week
Other products which are witnessing huge demand, especially during Valentine's week on Instamart include chocolates, teddy bears, greeting cards and curated gift boxes
 "Swiggy Instamart scales up tech to deliver 1 mn roses in Valentine's week")
US heavy bombers at Aero India 2023 mark strategic partnership with India
Supersonic heavy bomber B-1B Lancer is capable of carrying out missions worldwide
 "US heavy bombers at Aero India 2023 mark strategic partnership with India")
PhonePe raises $100 mn in additional funding at $12 bn valuation
This follows $350 million in capital from General Atlantic as a part of an ongoing fundraise with a target of raising up to $1 billion in all
 "PhonePe raises $100 mn in additional funding at $12 bn valuation")
Over 25% of unicorns in India have been set up by repeat founders: Report
This expertise is what helped India become the third nation to have 100 unicorns, including the 24 that emerged in 2022
 "Over 25% of unicorns in India have been set up by repeat founders: Report")
Apply for Maharashtra licence in 3 weeks, Supreme Court tells Uber
State govt asked to frame policy; officials say all cab aggregators will need licences
 "Apply for Maharashtra licence in 3 weeks, Supreme Court tells Uber")
India, US strengthening ties on critical technologies: Ambassador Jones
Jones, who heads the US delegation at Aero India event said the two nations are working to address climate change; improve global health, prepare for new pandemics among other things
 "India, US strengthening ties on critical technologies: Ambassador Jones")