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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Early Diwali: Fomo, premiumisation light up e-commerce festival sales
GMV rises 16% to Rs 29,000 crore in first four days of mega events, says Redseer report
 "Early Diwali: Fomo, premiumisation light up e-commerce festival sales")
Venture Highway gets 50x returns in secondary sale of stake in Meesho
Venture Highway, an early and long-term backer of Meesho, invested in the company's first seed round over eight years ago
 "Venture Highway gets 50x returns in secondary sale of stake in Meesho")
Nikhil Kamath's fund, others, back elder care platform Age Care Labs
The platform has closed $11 million in its Pre-Series B round from Rainmatter Capital (Zerodha's investment arm) and Gruhas (venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai)
 "Nikhil Kamath's fund, others, back elder care platform Age Care Labs")
E-com opportunity worth $13 bn for MSMEs during festive season: Shiprocket
With rising e-commerce activity, Shiprocket expects around 10 to 15 per cent of total order volume to come from first-time shoppers
 "E-com opportunity worth $13 bn for MSMEs during festive season: Shiprocket")
Karnataka govt's US visit garners $3 bn worth of investment interest
The delegation held meetings with global companies like Applied Materials, AMD, Juniper, Global Foundries, Lam Research, Boeing, Krypton and Dell
 "Karnataka govt's US visit garners $3 bn worth of investment interest")
Technologies like AI, quantum computing may alter global order: RBI Dy Guv
Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems
 "Technologies like AI, quantum computing may alter global order: RBI Dy Guv")
Byju's creditors onboard Kroll to 'safeguard' Great Learning assets
Charged assets are used as collateral to secure a loan, allowing the lender to seize them if the borrower defaults
 "Byju's creditors onboard Kroll to 'safeguard' Great Learning assets")
Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party
Flipkart's 'The Big Billion Days (TBBD)', which kicked off on October 8 (early access for VIP and Plus customers was granted on October 7), garnered 91 million customer visits on Day 1
 "Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party")
SuperOps.ai raises $12.4 mn in funding round led by Addition, March Capital
Company's technology platform helps managed service providers in assisting clients
 "SuperOps.ai raises $12.4 mn in funding round led by Addition, March Capital")
Festive season sale: E-commerce firms witness over 15% growth in orders
Myntra is expecting over 8 million customers to shop during BFF. Last year, about 6 million customers shopped during the event
 "Festive season sale: E-commerce firms witness over 15% growth in orders")
Swiggy One Lite membership launched for Rs 99, offering discounts
This membership includes free delivery, extra benefits in food, and grocery, and 30 per cent extra discounts across over 20,000 restaurants
 "Swiggy One Lite membership launched for Rs 99, offering discounts")
From music parties to war rooms to AI: Inside e-tail festival battles
E-commerce retailers are expected to garner sales worth Rs 90,000 crore this festive season, 18-20 per cent higher than last year, according to the analysts
 "From music parties to war rooms to AI: Inside e-tail festival battles")
InGovern flags concerns with FinMin about Flipkart hiring ex-CCI Officer
InGovern alleged that Sharma's transition raises substantial doubts about the impartiality of CCI's investigations, posing a potential threat to its integrity
 "InGovern flags concerns with FinMin about Flipkart hiring ex-CCI Officer")
Ola launches all-electric on-demand parcel delivery service in Bengaluru
The Ola Parcel service will be available across Bengaluru at prices which will be as low as Rs 25 for 5 km, Rs 50 for 10 km, Rs 75 for 15 km, and Rs 100 for 20 km
 "Ola launches all-electric on-demand parcel delivery service in Bengaluru")
Domestic D2C market likely to reach GMV of $35 billion by 2027: Redseer
The report said that third-party logistics (3PL) would ride on the back of the Indian D2C market growth
 "Domestic D2C market likely to reach GMV of $35 billion by 2027: Redseer")
US-based LAM Research plans to set up a semiconductor lab in Karnataka
LAM Research has been present in Karnataka since 2000
 "US-based LAM Research plans to set up a semiconductor lab in Karnataka")
E-commerce firm Meesho logs 10 million orders in pre-festival sales event
The SoftBank-backed firm expects over 3X growth during the upcoming festive season
 "E-commerce firm Meesho logs 10 million orders in pre-festival sales event")
Amazon India creates over 100k job opportunities ahead of festival sale
The new hires will pick, pack, ship and deliver customer orders safely and efficiently
 "Amazon India creates over 100k job opportunities ahead of festival sale")
E-tailing in India is expected to grow 5x to $300 bn by 2030: Redseer
There is expected to be 6 to 8-fold growth in 3PL (third-party logistics) shipments between 2022 and 2030 - from 2 billion in 2022 to an estimated 13-17 billion in 2030, according to Redseer report
 "E-tailing in India is expected to grow 5x to $300 bn by 2030: Redseer")
E-commerce firms scale up tech efforts for upcoming festive season
Online retailers, startups are scaling up their tech and innovation efforts to handle demand from shoppers during festive season and make their shopping and payment experience seamless
 "E-commerce firms scale up tech efforts for upcoming festive season")
