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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Ola may lay off up to 500 employees in order to drive cost-efficiency
Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans
 "Ola may lay off up to 500 employees in order to drive cost-efficiency")
Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe
Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22
 "Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe")
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
 "Fund-raising drive on track, majority of the $800 mn received, says Byju's")
India guiding world's fourth industrial revolution, says PM Modi
At Digital India Week 2022, Modi says India has eliminated all queues by going online
 "India guiding world's fourth industrial revolution, says PM Modi")
Razorpay appoints former AWS executive Murali Brahmadesam as new CTO
Technology veteran will lead fintech unicorn's engineering strategy and development
 "Razorpay appoints former AWS executive Murali Brahmadesam as new CTO")
SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year
Multiple new categories and business models have emerged in the last two years in the area of e-commerce
 "SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year")
Aiming to clock 100 mn users by end of 2023, says Flipkart's Shopsy
Flipkart's social commerce platform has over 250,000 sellers and 150 million products ranging across fashion, beauty, mobiles and home
 "Aiming to clock 100 mn users by end of 2023, says Flipkart's Shopsy")
Swiggy starts ESOP liquidity programme worth $23 mn, expands offering
Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs
 "Swiggy starts ESOP liquidity programme worth $23 mn, expands offering")
Zetwerk buys Pinaka Aerospace to expand defence manufacturing business
Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore
 "Zetwerk buys Pinaka Aerospace to expand defence manufacturing business")
Bosch India unveils first smart campus to house 10,000 experts
Inaugurating the Bosch Smart Campus, Prime Minister Narendra Modi said that this campus will take lead in developing futuristic products and solutions for India and for the world
 "Bosch India unveils first smart campus to house 10,000 experts")
Bosch India unveils first smart campus with capacity to house 10k experts
Inaugurating the Bosch Smart Campus, Prime Minister Narendra Modi said that this campus will take lead in developing futuristic products and solutions for India and for the world
 "Bosch India unveils first smart campus with capacity to house 10k experts")
Byju's lays off 500 and may drop more people in latest edtech crisis
Recently, over 800 employees of WhiteHat Jr, resigned after being asked to work from office
India will have 122 new unicorns in 4 years: Hurun Research report
In just one year, the number of such startups has increased by 65%
 "India will have 122 new unicorns in 4 years: Hurun Research report")
Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes
Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft
 "Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes")
Krishna Vedati named as Byju's president for global growth and strategy
He will report to co-founder and CEO Byju Raveendran and join the company's executive committee
Edtech firms build brick-and-mortar centres across India to woo students
Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic
 "Edtech firms build brick-and-mortar centres across India to woo students")
Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study
Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30
 "Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study")
Udaan lays off about 180 employees in a move to drive cost-efficiency
The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months
 "Udaan lays off about 180 employees in a move to drive cost-efficiency")
Will cross $1-bn revenue run rate by year-end, predicts Ola Electric
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
 "Will cross $1-bn revenue run rate by year-end, predicts Ola Electric")
Intel expands in India, unveils new design and engineering centre
While unveiling chip giant Intel's new facility in India, Rajeev Chandrasekhar said that by 2025, India's digital economy should reach $1 trillion
 "Intel expands in India, unveils new design and engineering centre")