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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Uber completes 10 years in India, says drivers earned Rs 50,000 crore
The service now offers options like car, auto, moto, and bus rides via the app, available in 125 cities across India
 "Uber completes 10 years in India, says drivers earned Rs 50,000 crore")
Edtech giant Byju's CBO Prathyusha Agarwal, two senior executives quit
These exits come at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital
 "Edtech giant Byju's CBO Prathyusha Agarwal, two senior executives quit")
Baron Capital nearly halves Byju's valuation, marks up Swiggy, Pine Labs
Byju's was last valued at $22 billion when it raised $250 million from Qatar Investment Authority in October last year
 "Baron Capital nearly halves Byju's valuation, marks up Swiggy, Pine Labs")
Ajjree Engineering to supply critical components for Isro's space missions
Ajjree Engineering Industries has set up a manufacturing unit at Jigani Industrial Area, Bengaluru, to produce space-qualified heat pipes
 "Ajjree Engineering to supply critical components for Isro's space missions")
Amazon now has over 6,000 electric vehicles in its India delivery fleet
Amazon is among many e-commerce firms and consumer goods manufacturers, that are scaling up EV deployment efforts to reduce costs and meet carbon emission targets
 "Amazon now has over 6,000 electric vehicles in its India delivery fleet")
Antfin likely to sell over 3% stake in Paytm via block deal on August 25
Deal is said to be valued at around $234 million
 "Antfin likely to sell over 3% stake in Paytm via block deal on August 25")
Alternate financing poised to capitalise on $570 bn SME credit opportunity
India is home to 64 million micro, small and medium enterprises (MSMEs), contributing 30 per cent of the nation's GDP
 "Alternate financing poised to capitalise on $570 bn SME credit opportunity")
Designed key aspects of Chandrayaan 3 mission: Tata Consulting Engineers
Chandrayaan-3 successfully executed a soft landing on the moon on August 23, 2023, making India the fourth nation in the world to achieve a successful lunar landing
 "Designed key aspects of Chandrayaan 3 mission: Tata Consulting Engineers")
Uber appoints Arnab Kumar as director of biz development for India, SA
Kumar had previously also served as program director at government think tank NITI Aayog where he contributed to the development of emerging technology initiatives including Aarogya Setu
 "Uber appoints Arnab Kumar as director of biz development for India, SA")
Funding spring for startups may return in next 12 months, say analysts
The India tech startup ecosystem witnessed its highest funding of $43.5 bn in 2021 and after this, the funding started to witness a downfall and there is no sign of improvement in the funding to date,
 "Funding spring for startups may return in next 12 months, say analysts")
Hotels, buses would contribute more than half of our biz: Cleartrip CEO
The Flipkart-owned travel tech firm said that categories such as flights, hotels and buses together are an opportunity worth $80 billion
 "Hotels, buses would contribute more than half of our biz: Cleartrip CEO")
Expect to hit full-year profitability in FY24: Practo CEO Shashank ND
The healthcare technology and services firm expects to grow at 100% y-o-y delivering about Rs 400 cr in revenue in FY24 and achieving positive cash flow and a full profitable year
 "Expect to hit full-year profitability in FY24: Practo CEO Shashank ND")
Byju's top executive Cherian Thomas quits, joins Impending Inc as CEO
Thomas played an integral part in setting up the US operations at edtech giant Byju's and was also responsible for spearheading the business of Byju's owned educational gaming firm Osmo as its CEO
 "Byju's top executive Cherian Thomas quits, joins Impending Inc as CEO")
In fresh round of layoffs, edtech giant Byju's lets go of 100 employees
Last year, Byju's laid off about 600 at its group companies - WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency
 "In fresh round of layoffs, edtech giant Byju's lets go of 100 employees")
Urban Company's FY23 loss reduces to Rs 308 cr from Rs 514 cr in FY22
The home services marketplace said that its revenue from operations grew 45 % year-over-year from Rs 438 crore in FY22 to Rs 637 crore in FY23
 "Urban Company's FY23 loss reduces to Rs 308 cr from Rs 514 cr in FY22")
Flipkart kicks off seller conclave ahead of Big Billion Days festive event
Encouraged by the success of the seller conclave in Delhi, Flipkart plans to extend this series of events to other cities across India
 "Flipkart kicks off seller conclave ahead of Big Billion Days festive event")
Planview eyes India's digital transformation may reach $85 bn by 2026
US-based firm would invest more than $125 million into headcount and centre operating expenses over the course of the next four years in India
 "Planview eyes India's digital transformation may reach $85 bn by 2026")
Economic ties between US and India flourishing: Christopher W. Hodges
On his first visit to Bengaluru, Hodges is meeting with government officials, scientists, business leaders, & entrepreneurs to underscore the United States & India's strong economic & commercial ties
 "Economic ties between US and India flourishing: Christopher W. Hodges")
Flipkart launches Spoyl, in-app fashion platform for Gen Z shoppers
Product has more than 40,000 fashion products for a diverse collection, says e-commerce firm
 "Flipkart launches Spoyl, in-app fashion platform for Gen Z shoppers")
We will reinvent the motorcycle category for the world: Ola Electric CEO
Ola unveils e-bike, cheapest e-scooter
 "We will reinvent the motorcycle category for the world: Ola Electric CEO")
