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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We are not here to have a nice time: CEO Aggarwal about Ola's work culture
The yardstick at which the firm would like to be judged is the impact it is creating, said Ola CEO
 "We are not here to have a nice time: CEO Aggarwal about Ola's work culture")
Ola Electric unveils S1 Air scooter at an introductory price of Rs 79,999
Ola said this is a big push towards taking India closer to ending the era of petrol vehicles
 "Ola Electric unveils S1 Air scooter at an introductory price of Rs 79,999")
PhonePe in talks to raise $700 million at $12 billion valuation
Digital payments firm seeking investors' support to scale up operations and compete with rivals
 "PhonePe in talks to raise $700 million at $12 billion valuation")
From layoffs to cost-cutting, start-ups brace for long funding winter
Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood
 "From layoffs to cost-cutting, start-ups brace for long funding winter")
Walmart's PhonePe investing $200 mn to set up data centres in India
The Bengaluru-based firm is setting up data centres in India at a time when it has completed three steps to move its domicile to India
 "Walmart's PhonePe investing $200 mn to set up data centres in India")
Great Indian Festival turning out to be Amazon's biggest-ever event: Tiwary
'Over 4.75 lakh MSMEs benefited from the Amazon Business platform during the festival'
 "Great Indian Festival turning out to be Amazon's biggest-ever event: Tiwary")
Amazon witnesses biggest ever festive sale in India, says top exec
More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23
 "Amazon witnesses biggest ever festive sale in India, says top exec")
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")
Avataar Venture Partners launches new fund, with a target size of $350 mn
Avataar Venture Partners said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and SaaS sectors which have been resilient through the funding winter
 "Avataar Venture Partners launches new fund, with a target size of $350 mn")
Start-ups tap venture debt to stay afloat amid funding winter, say experts
The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments
 "Start-ups tap venture debt to stay afloat amid funding winter, say experts")
Karnataka High Court asks state govt, Ola and Uber to reach a consensus
Ola and Uber moved the court challenging an order issued by the State Transport Department effectively banning auto-rickshaw rides through their apps, following multiple complaints of overcharging
 "Karnataka High Court asks state govt, Ola and Uber to reach a consensus")
Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances
Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech
Edtech platform Vedantu takes majority stake in Deeksha for $40 mn
This partnership seeks to leverage Vedantu's technology and integrate it into offline centers to create a scalable hybrid model
 "Edtech platform Vedantu takes majority stake in Deeksha for $40 mn")
Will hire 10,000 teachers in next 6 months, says Byju's co-founder
The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023
 "Will hire 10,000 teachers in next 6 months, says Byju's co-founder")
Byju's to lay off 2,500 staffers, targets profitability by March
The company is also realigning marketing spending to enhance its global footprint
PotHoleRaja: How one start-up is fixing roads the eco-friendly way
PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads
 "PotHoleRaja: How one start-up is fixing roads the eco-friendly way")
Fireside Ventures announces final close of third fund at $225 million
Fireside is betting big on market for D2C brands in India which is set to touch $100 billion by 2025
 "Fireside Ventures announces final close of third fund at $225 million")
Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report
The top three sectors to receive maximum funding this quarter were alternative lending, genomics and payments
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
 "India's e-retail market to increase to $150 bn-$170 bn by 2027: Report")
Licious launches D2C plant-based meat brand, eyes pole position within a yr
The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.
 "Licious launches D2C plant-based meat brand, eyes pole position within a yr")