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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DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors
The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users
 "DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors")
Digital gold is the new war zone for PhonePe, Amazon and Google in India
With Covid-19 impacting buying sentiment, the tech giants are leaving no stone unturned to woo customers to buy digital gold on instalments across the country, including smaller towns
 "Digital gold is the new war zone for PhonePe, Amazon and Google in India")
With $700-mn war chest, PhonePe to fight Google, Amazon in rural India
PhonePe recently crossed the 250-million registered user milestone, with over 100 million monthly active users generating nearly 1 billion digital payment transactions in October alone
 "With $700-mn war chest, PhonePe to fight Google, Amazon in rural India")
Flipkart unveils 2GUD Local to connect offline retailers with customers
The new format will offer offline stores, brands an opportunity to unlock benefits of technology and social commerce hybrid retail model to reach millions consumers
 "Flipkart unveils 2GUD Local to connect offline retailers with customers")
Flipkart extends work from home for its 12,000 employees till May end
Employees can take 'unlimited bereavement leaves' in case of loss of a family member; teams that have been attending office on a roster basis will continue to do so
 "Flipkart extends work from home for its 12,000 employees till May end")
E-commerce order volume grew 56%, GMV by 50% this festive season: Report
The Tier II and beyond cities have witnessed a growth of about 99 per cent as compared to last year's festive season, says a new report by Unicommerce
 "E-commerce order volume grew 56%, GMV by 50% this festive season: Report")
Pixxel to launch remote-sensing satellite on Isro rocket in early 2021
With India allowing private companies to operate within the premises of Isro, this is expected to create huge opportunities for the country's fledgling aerospace start-ups
 "Pixxel to launch remote-sensing satellite on Isro rocket in early 2021")
Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion
Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn
 "Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion")
Keep 'East India Company' rhetoric aside, Amazon invested $6.5 bn: Lawyer
The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems
 "Keep 'East India Company' rhetoric aside, Amazon invested $6.5 bn: Lawyer")
Great scope for fintech co-operation between India, France: Nandan Nilekani
Billions of dollars were transferred through the cash transfer programme using the Aadhaar platform during the Covid-19 crisis directly into the bank accounts of vulnerable people
 "Great scope for fintech co-operation between India, France: Nandan Nilekani")
India must grab digital opportunity, says Amazon India's Amit Agarwal
The Covid-19 crisis has highlighted the resilience and optimism of Indian entrepreneurs, with more small businesses and shops embracing technology and online to reinvent themselves
 "India must grab digital opportunity, says Amazon India's Amit Agarwal")
Do I have to ask Amazon sitting in US for deal with RIL, asks Future Retail
Future Retail which was represented by senior advocate Harish Salve told the court Future Retail does not need to seek permission from Amazon for any investments as it does not have any rights
 "Do I have to ask Amazon sitting in US for deal with RIL, asks Future Retail")
Technology will help us vaccinate large population in short time: PM Modi
PM Narendra Modi told India Inc that the country is uniquely positioned to leap ahead in the information era
 "Technology will help us vaccinate large population in short time: PM Modi")
PhonePe becomes largest platform for buying digital gold with 35% mkt share
With over 35%market share, the Walmart-owned firm which competes with Google Pay, Amazon Pay and Paytm has seen a more than 6X jump in the volume of Gold sold in the festival season
Zomato to charge zero commission from restaurants for takeaway service
Takeaway on Zomato app has witnessed tremendous growth with the order volume increasing by more than 200% in the last few months
 "Zomato to charge zero commission from restaurants for takeaway service")
Covid-19 blues, funding crunch, made Urban Ladder do a fire sale to RIL
Urban Ladder was valued at around Rs 1,200 crore in 2019 and this dropped to about Rs 750 crore in 2019
 "Covid-19 blues, funding crunch, made Urban Ladder do a fire sale to RIL")
Flipkart acquires augmented reality company Scapic for undisclosed sum
With the pandemic bringing about a change in consumer behaviour and an increase in online adoption, Flipkart has been focusing on enhancing consumer experiences by strengthening tech capabilities
 "Flipkart acquires augmented reality company Scapic for undisclosed sum")
Flipkart, PhonePe monthly active customers at 'all time high': Walmart
Walmart International CEO Doug McMillon says group committed to high-value markets like India.
 "Flipkart, PhonePe monthly active customers at 'all time high': Walmart")
Zoom's Eric Yuan, top Silicon Valley VC invest in retail-tech firm Arzooo
Funding amount not known; Arzooo is Yuan's first India investment. Bill Tai has 22 IPOs to his credit, was among first investors in Twitter, Zoom Video, Wish.com, Canva, and ColorGenomics
 "Zoom's Eric Yuan, top Silicon Valley VC invest in retail-tech firm Arzooo")
Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore
The deal is expected to help Mukesh Ambani-headed RIL take on players such as Amazon, Flipkart, Ikea, and smaller rival Pepperfry
 "Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore")
