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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Flipkart Pay Later doubles its user base to over 6 mn in just 7 months
Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile
 "Flipkart Pay Later doubles its user base to over 6 mn in just 7 months")
BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital
BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year
 "BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital")
Walmart's PhonePe set to acquire WealthDesk, OpenQ for about $70 mn
PhonePe to acquire WealthDesk and OpenQ for about $50 million and $20 respectively according to the sources. PhonePe has invested over $60 M on acquisitions as per the data analytics platform Tracxn
 "Walmart's PhonePe set to acquire WealthDesk, OpenQ for about $70 mn")
Vedantu lays off 424 employees as it expects a scarcity of capital
Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters
 "Vedantu lays off 424 employees as it expects a scarcity of capital")
Inspired by Indian innovation, says senior Amazon executive Dave Clark
The CEO for worldwide consumer at Amazon says the country is 'very important' to his company's plans.
 "Inspired by Indian innovation, says senior Amazon executive Dave Clark")
India to become large exporter of products post-Covid: Rajeev Chandrasekhar
Minister of State for Electronics & IT sees SMBs playing a big role in this regard
 "India to become large exporter of products post-Covid: Rajeev Chandrasekhar")
Amazon launches Smart Commerce to change local stores into digital dukaans
Stores will now be able to digitise their operations, enhance in-store experience for walk-in customers, and create their own online storefront in minutes powered by Amazon
 "Amazon launches Smart Commerce to change local stores into digital dukaans")
B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge
Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.
 "B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge")
Keen to invest more in Indian software, fintech: Insight Partners top brass
Nikhil Sachdev (MD) and Nikki Parker (SVP) travelled to India from the US for face-to-face meetings aimed at building strong ties with Indian startup founders
 "Keen to invest more in Indian software, fintech: Insight Partners top brass")
AWS launches SMB Vidyalaya to speed up digitisation of small businesses
The programme has over 50 technology education modules specific to SMBs and the opportunities they have to drive business growth across the country
 "AWS launches SMB Vidyalaya to speed up digitisation of small businesses")
In struggle to get employees back to office; companies tread cautiously
In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required
 "In struggle to get employees back to office; companies tread cautiously")
Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation
The founder of Dr Sheth's will continue to lead the business and product innovation
 "Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation")
Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India
The firm said it focused on creating a robust infrastructure to help Indian businesses address customers in over 200 countries and territories
 "Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India")
Pine Labs appoints ex-Amazon India HR Head as its chief people officer
Prior to Amazon, Vijayalakshmi Swaminathan was a founding partner at CoCoon Consulting, a cross-sectoral boutique HR consulting firm
 "Pine Labs appoints ex-Amazon India HR Head as its chief people officer")
Myntra's vice president and head of marketing Achint Setia to move on
He had brought 17 years of expertise in scaling businesses in consumer tech and media to the organisation
 "Myntra's vice president and head of marketing Achint Setia to move on")
Swiggy signs deal with Times Internet to acquire Dineout for unknown sum
Dineout will continue to run as an independent app post acquisition; Swiggy to get access to several new restaurant partners, existing Dineout team
 "Swiggy signs deal with Times Internet to acquire Dineout for unknown sum")
SoftBank logs $13 bn FY net loss, will trim tech investment portfolio
'We have to prepare for the worst; be in defence mode,' says Masayoshi Son, company CEO and founder
 "SoftBank logs $13 bn FY net loss, will trim tech investment portfolio")
Uber CEO's letter signals more scrutiny of investments, say experts
SoftBank's $1.4 billion investment in Indian fintech firm Paytm currently has a fair value of around $800 million
 "Uber CEO's letter signals more scrutiny of investments, say experts")
AWS, Apeejay Education start programme for National Education Policy
The initiative will enable academic institutions in India to align with the technical requirements of the government's National Education Policy 2020.
Uber ramps up India hiring, to hire 500 engineers for its tech centres
The company said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country.
 "Uber ramps up India hiring, to hire 500 engineers for its tech centres")