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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3 friends set on a new path of building Udaan into a global public company
India's largest business-to-business e-commerce platform said it has achieved positive unit economics and gearing up for an IPO
 "3 friends set on a new path of building Udaan into a global public company")
Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn
Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay
 "Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn")
Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru
Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023
 "Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru")
Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn
Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia
 "Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn")
Corp governance focus must for building world-class cos: Sequoia's Anandan
Speaks of potential to create 100 million jobs, generated by both big tech and startups in areas such as food delivery, ride-hailing, energy storage and agritech
 "Corp governance focus must for building world-class cos: Sequoia's Anandan")
Amazon Retail India enters Gujarat, to source directly from farmers
The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers
 "Amazon Retail India enters Gujarat, to source directly from farmers")
Local language tech platform VerSe goes global, expands to West Asia
VerSe Innovation, which was recently valued at $5 billion in a funding round, has rolled out the offering of its content platform Dailyhunt in the Middle East countries
 "Local language tech platform VerSe goes global, expands to West Asia")
Millions of customers shopped during End Of Season Sale event: Flipkart
Flipkart said it saw a resurgence in consumption and a drastic increase in engagement post the pandemic during the company's End of Season Sale
 "Millions of customers shopped during End Of Season Sale event: Flipkart")
Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
 "Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car")
Customers may see lower discounts, fewer end-of-season stocks on sale
Sale days are also likely to be reduced as retailers emerge from pandemic to post strong surge in business-as-usual (BAU) sales
 "Customers may see lower discounts, fewer end-of-season stocks on sale")
Logistics firm Delhivery to provide same-day delivery in 15 cities
Service will improve consumer experience and reduce return rates, says company that recently launched an IPO
AlphaSense looks to increase India presence, raises $225 mn in funding
The firm said its annual recurring revenue (ARR) now exceeds $100 million
 "AlphaSense looks to increase India presence, raises $225 mn in funding")
ShareChat's valuation crosses $5 bn after closing $520 mn funding round
Social media company raises $255 mn from Google, Times Group and existing investors
 "ShareChat's valuation crosses $5 bn after closing $520 mn funding round")
Uber's package delivery service drives rapid growth for small businesses
Uber Connect is helping deliver packages across 23 cities. Total deliveries over the past two years have covered a distance enough to circumnavigate the earth 1,100 times
 "Uber's package delivery service drives rapid growth for small businesses")
US firm SentinelOne sets up Bengaluru centre to fight cyberattacks
Plans to invest $50 mn for expansion into the Indian market, and expand talent base by 500 in the coming years
 "US firm SentinelOne sets up Bengaluru centre to fight cyberattacks")
Bengaluru ranks 5th globally for tech VC investments in 2022: Report
The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously
 "Bengaluru ranks 5th globally for tech VC investments in 2022: Report")
BlackBuck bounces back from Covid, reimagines its trucking business model
The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023
 "BlackBuck bounces back from Covid, reimagines its trucking business model")
PhonePe sells over 1 mn two wheeler insurance policies on its platform
Sees over 75% of overall insurance purchases from tier 2 & 3 cities
 "PhonePe sells over 1 mn two wheeler insurance policies on its platform")
NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr
The deal involves a Rs 1,431-crore investment by the US major to purchase a 49 per cent stake in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019
 "NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr")
Big role for tech team as Uber India builds products for global markets
They handle critical functions for Uber, such as rider engineering, Eats engineering, infra-tech, data, maps, Uber for Business and fintech
 "Big role for tech team as Uber India builds products for global markets")