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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India has its own rules, we must comply with them: Walmart CEO McMillon
Says Flipkart business has now reached over 300,000 marketplace sellers and PhonePe business has more than 300 million users
 "India has its own rules, we must comply with them: Walmart CEO McMillon")
VC firm Prime announces 4th fund of $100 mn with first close of $75 mn
The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms
 "VC firm Prime announces 4th fund of $100 mn with first close of $75 mn")
He sold his firm to Facebook and is now building voice tech for the world
Kumar Rangarajam's firm Slang Labs has pioneered the concept of voice assistant as a service (VAaaS), and aims to reduce thought to action latency among those coming online for the first time
 "He sold his firm to Facebook and is now building voice tech for the world")
Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale's new plan
The digital B2B marketplace has announced the launch of industry-first credit programmes that aim to help kiranas manage their working capital and grow their business
 "Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale's new plan")
Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn
The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors
 "Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn")
Manufacturing startup Zetwerk eyes global expansion, raises $150 mn
The firm aims to grow its revenue by four times in 2021-22, based on a strong order book of Rs 5000 crore
 "Manufacturing startup Zetwerk eyes global expansion, raises $150 mn")
Meet Anita Kishore, the strategist behind Byju's global acquisitions
While the organic growth continues to be strong for Byju's, the edtech giant sees inorganic routes including acquisitions as another pillar for growth and expansion, says chief strategy officer Anita
 "Meet Anita Kishore, the strategist behind Byju's global acquisitions")
Zetwerk joins unicorn club after raising $150-million in Series E funding
This is the second fundraise for the Bengaluru-based company in 2021
 "Zetwerk joins unicorn club after raising $150-million in Series E funding")
Doctor consultations exceed 4 billion in India in FY21: Praxis report
Growth in teleconsultation peaked after the lockdown induced by the pandemic and the online doctor consultation market in India is expected to reach $836 million by FY24
 "Doctor consultations exceed 4 billion in India in FY21: Praxis report")
Udaan, Throttle Aerospace trial run of drone delivery of drugs a success
The trial was conducted by Udaan within a 15-km radius at Gauribidanur on the outskirts of Bengaluru by udaan for the last mile delivery of medicines
 "Udaan, Throttle Aerospace trial run of drone delivery of drugs a success")
Flipkart Plus sees robust growth, reaches 20 million customer base
Around 30% of monthly active customers on Flipkart are now Plus members. Today, Flipkart issues over 1 billion SuperCoins a month, where customers avail various benefits
Flipkart Wholesale plans to triple footprint in India by serving Kiranas
E-commerce adoption by kiranas on Flipkart Wholesale doubled in Jan-June this year over last year. This is seen growing 180% in July-December 2021, over the same period last year
 "Flipkart Wholesale plans to triple footprint in India by serving Kiranas")
End of Bezos and Murthy's e-commerce JV may impact Amazon's business
The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed
 "End of Bezos and Murthy's e-commerce JV may impact Amazon's business")
Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer
Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital
 "Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer")
Google-backed Dunzo launches 19-minute ultra-fast grocery delivery
Dunzo is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes
 "Google-backed Dunzo launches 19-minute ultra-fast grocery delivery")
Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise
Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane
 "Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise")
Walmart's Flipkart expands grocery services in Tamil Nadu and Kerala
Will offer online grocery shopping to users in Coimbatore and in neighbouring cities of Madurai, Trichy, Ernakulam, Tirupur, Erode, Thrissur, Palakkad and Malappuram
 "Walmart's Flipkart expands grocery services in Tamil Nadu and Kerala")
Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
 "Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel")
Licious opens its first-ever ESOP buyback option worth Rs 30 crore
The programme is designed to enable wealth creation opportunities for over 600 employees
 "Licious opens its first-ever ESOP buyback option worth Rs 30 crore")
Slurrp Farm, two others to get $50,000 from Amazon's accelerator
A panel evaluated the entries on a variety of parameters including business idea, scalability and strength of the business plan
 "Slurrp Farm, two others to get $50,000 from Amazon's accelerator")
