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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Axis Bank strikes cloud computing deal with AWS for digital transformation
India's third-largest private sector bank to migrate 70% of its on-premises data centre infra in next 24 months to further reduce cost, improve agility, improve customer experience
 "Axis Bank strikes cloud computing deal with AWS for digital transformation")
10club raises $40 mn in one of largest seed rounds in e-comm roll-up space
The funding round was co-led by Fireside Ventures and an international investor active in the space
 "10club raises $40 mn in one of largest seed rounds in e-comm roll-up space")
WhatsApp appoints Amazon executive to lead payments business in India
Manesh Mahatme brings with him 17 years of experience in digital financial services and payments across Citibank, Airtel Money and Amazon
 "WhatsApp appoints Amazon executive to lead payments business in India")
SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic
The growth has been led by kitchenware and home improvement category products, which saw a 50 and 100 per cent jump in demand respectively since March 2020
 "SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic")
Game streaming platform Loco raises $9 mn from Lumikai, Korea's Krafton
The round also saw participation by Hashed, Hiro Capital, North Base Media, Axilor Ventures, and 3one4 Capital
 "Game streaming platform Loco raises $9 mn from Lumikai, Korea's Krafton")
Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others
slice has also launched two new features, which, the firm said, makes the slice super card the best way for millennials and gen z to make payments.
 "Fintech startup slice raises $20 mn from Gunosy, Blume Ventures and others")
Covid brought structural shift to get more users online: Amazon India boss
In a Q&A, Amit Aggarwal dwells on his company's long-term commitment to India and its eight year journey in the country
 "Covid brought structural shift to get more users online: Amazon India boss")
How hyperlocal delivery firms are helping a new breed of home chefs thrive
Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer
 "How hyperlocal delivery firms are helping a new breed of home chefs thrive")
Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation
The funding -- from SoftBank, Abu Dhabi's ADQ, CPPIB -- is expected to set the stage for Flipkart's IPO in the US by next year and increase its valuation to about $50 bn, say sources
 "Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation")
TechEagle gets approval to deliver medicines using drones in Telangana
Delivery is being done in collaboration with the Government of Telangana, NITI Aayog and World Economic Forum
 "TechEagle gets approval to deliver medicines using drones in Telangana")
Artha Venture Fund announces final close of Rs 220 crore debut fund
A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target
 "Artha Venture Fund announces final close of Rs 220 crore debut fund")
SoftBank-backed Ola expands leadership team with appointment of new CFOs
G R Arun Kumar joins as the Group CFO for Ola and CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola's mobility, financial services and foods biz
 "SoftBank-backed Ola expands leadership team with appointment of new CFOs")
Urban Company crosses $2.1 bn valuation, plans international expansion
Home services startup plans to go to 100 more Indian cities after raising $255 million in funding
 "Urban Company crosses $2.1 bn valuation, plans international expansion")
Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global
Series C funding led by Singapore's sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate
 "Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global")
Walmart's PhonePe crosses 300 mn registered users, merchant network grows
The service now has over 20 million offline merchants across 11,000 towns and talukas in India
 "Walmart's PhonePe crosses 300 mn registered users, merchant network grows")
Edtech firm Byju's and Google tie up to offer learning solution to schools
Integration of Google Workspace for Education with Byju's will offer a personalised digital platform for classroom organisation, available free to participating institutions
 "Edtech firm Byju's and Google tie up to offer learning solution to schools")
Indian Defence has a 'Sputnik Moment' as it adopts artificial intelligence
The new-generation platforms of the Indian Navy give it an edge in developing new AI technologies that are becoming increasingly popular with military and industry
 "Indian Defence has a 'Sputnik Moment' as it adopts artificial intelligence")
Google-backed Dunzo to pilot drone delivery of medicines in India
The impetus will be on enabling emergency medical deliveries which could include Covid-19 vaccines under the "Medicine from the Sky Project"
 "Google-backed Dunzo to pilot drone delivery of medicines in India")
Wise launches low cost and fast international money transfers from India
Co-founded by Taavet Hinrikus and Kristo Kaarmann, Wise launched in 2011 under its original name TransferWise
 "Wise launches low cost and fast international money transfers from India")
Ananth Narayanan starts Mensa Brands after exit from PharmEasy-Medlife deal
Mensa aims to create a tech-led 'House of Brands' for e-commerce industry; has closed Series A round, raising $50 mn from Accel, Kunal Shah, Mukesh Bansal and Scott Shleifer of Tiger Global
 "Ananth Narayanan starts Mensa Brands after exit from PharmEasy-Medlife deal")
