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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Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai
Silicon Valley in the US continues its reign as the world's pre-eminent startup ecosystem, according to experts
 "Our competition is with the Silicon Valley: Karnataka CM Basavaraj Bommai")
Slack launches in India, scouts for firms designing digital workplaces
A survey by Slack of over 2,000 Indian knowledge workers found 4 in 5 respondents desired flexibility, and would switch jobs if their employer didn't provide it
 "Slack launches in India, scouts for firms designing digital workplaces")
Online math class platform Cuemath raises $57 mn, tops $407 mn valuation
The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23
 "Online math class platform Cuemath raises $57 mn, tops $407 mn valuation")
MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital
This is Goldman Sachs Asset Management's first investment in an Indian SaaS company
 "MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital")
Fintech unicorn Slice raises $50 mn funding led by Tiger Global, others
With its core credit product set to become profitable in the months ahead, Slice will use the new capital to shore up its balance sheet and support expansion of its new UPI product
 "Fintech unicorn Slice raises $50 mn funding led by Tiger Global, others")
This robot company is building an Uber for autonomous material movement
Hachidori's robots do not need expensive infra like magnetic strips or QR codes. The firm aims to provide Autonomous Mobile Robots (AMR) that are easily deployable and affordable
 "This robot company is building an Uber for autonomous material movement")
Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022
Season saw a resurgence in consumption on renewed economic recovery post-pandemic
 "Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022")
Alternative data insights startup Synaptic raises $20 mn from Valor
Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars
 "Alternative data insights startup Synaptic raises $20 mn from Valor")
Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr
The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022
 "Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr")
Flipkart promotes several leaders as it gears up for IPO and US listing
These leaders have been instrumental in delivering impact and creating long-term value for the e-commerce giant
SUGAR Cosmetics closes $50 million series D funding led by L Catterton
L Catterton has significant experience investing globally in the beauty and personal care space
 "SUGAR Cosmetics closes $50 million series D funding led by L Catterton")
Flipkart starts initiative for academic, extracurricular needs of students
Students form a growing base of customers for the e-commerce giant, constituting close to 32% of all e-commerce shopping
 "Flipkart starts initiative for academic, extracurricular needs of students")
Design operations platform Cubyts gets seed funding of $1.8 million
Cubyts' key offerings include deploying team-wide design processes and enable teams to confidently run design projects
 "Design operations platform Cubyts gets seed funding of $1.8 million")
Mohalla Tech's valuation may cross $5 billion after raising $300 million
The parent company behind short-video platform Moj and regional social network ShareChat, is in the process of raising about $300 million in fresh funding from Alphabet Inc's Google and Singapore's Te
 "Mohalla Tech's valuation may cross $5 billion after raising $300 million")
Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global
Founder may look at the US and Middle East, has been meeting investors and potential acquisition target firms there, say sources
 "Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global")
Agritech startup Nutrifresh raises $5 mn to scale up chemical-free farm ops
Co-founded by two Agripreneurs, Nutrifresh aims to provide consistent pesticide-free hydroponic produce that is nutrient-rich for the Indian consumer
 "Agritech startup Nutrifresh raises $5 mn to scale up chemical-free farm ops")
Senior citizens are frequent targets of cyber fraud, says Tsaaro's survey
29% think existing laws surrounding privacy are enough to enable elders to protect their privacy online
 "Senior citizens are frequent targets of cyber fraud, says Tsaaro's survey")
Centre to develop framework to check fake reviews on e-commerce websites
Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews
 "Centre to develop framework to check fake reviews on e-commerce websites")
Traceability first step to address fake reviews, govt tells e-commerce cos
A meeting was held on Friday by Department of Consumers Affairs with Amazon, Flipkart, Reliance and Tata to address the issue, say sources
 "Traceability first step to address fake reviews, govt tells e-commerce cos")
Edtech firm Simplilearn bolsters top leadership with two key appointments
Mohit Yadav, IIM-Indore alumnus with 12 years in sales across verticals, joins as VP-growth; project management exec Sujoy Ghosh takes over as VP-product
 "Edtech firm Simplilearn bolsters top leadership with two key appointments")