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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Lenskart raises $100 mn from ChrysCapital, plans global expansion
Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources
 "Lenskart raises $100 mn from ChrysCapital, plans global expansion")
We continue to maintain an open-door policy for partners: Urban Company
The firm also disbursed stock options worth Rs 5.3 crore to about 500 partners as part of the Partner Stock Option Plan initiative towards wealth creation commitment
 "We continue to maintain an open-door policy for partners: Urban Company")
SoftBank-backed Unicommerce expands ops in Middle East, Southeast Asia
The e-commerce tech firm has reported a 200 per cent year-over-year revenue growth in its international business during FY 2023
 "SoftBank-backed Unicommerce expands ops in Middle East, Southeast Asia")
Uber's India-based Eats Engg team enables voice order tracking via Alexa
Uber's efforts to make every product on its platform user-intuitive have yielded several innovations over the years from its India-based engineering teams spread across Hyderabad and Bengaluru
 "Uber's India-based Eats Engg team enables voice order tracking via Alexa")
Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's
According to sources, Byju's wants to do one-on-one meetings with lenders instead of having a group talk to influence them individually and split the group of ad hoc lenders
 "Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's")
After riding the pandemic edtech boom, Byju's inverted learning curve
India's first decacorn is mired in losses, court cases, valuation cuts and the attention of enforcement agencies
Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders
Byju's filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion term loan B facility, and disqualify the lender for its "predatory tactics"
 "Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders")
$1.2-billion loan dispute: Byju's' legal battle worries key investor
"They are extremely concerned," said the person familiar with the matter. "They have dispersed some tranche of the amount and may not disperse further"
Byju's' legal battle with lenders likely to impact its fund raising
The legal battle might also delay IPO plans for its tutoring service subsidiary Aakash Educational Services, according to industry experts
 "Byju's' legal battle with lenders likely to impact its fund raising")
Edtech giant Byju's rolls out AI models for hyper-personalised learning
The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT
Edtech giant Byju's 'skips' interest payment on $1.2-billion loan
Files suit against Redwood, alleging predatory tactics
 "Edtech giant Byju's 'skips' interest payment on $1.2-billion loan")
Rebel Foods offers ESOPs worth Rs 550 cr to kitchen, corporate employees
The firm competes with players such as Curefoods, Biryani By Kilo, Box8, and FreshMenu
 "Rebel Foods offers ESOPs worth Rs 550 cr to kitchen, corporate employees")
Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India
Since 2013, when its India e-commerce operations first started, Amazon has invested over $6.5 billion
 "Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India")
Byju's announces plans for Aakash IPO in 2024 amid funding crunch
Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm
Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal
The firm is leading in the electric two-wheeler segment and has sold over 35,000 units in May. Riding on its highest-ever monthly sales in May, Ola has captured a market share of over 30 per cent
 "Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal")
Amazon Web Services India and South Asia head Puneet Chandok resigns
The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees
 "Amazon Web Services India and South Asia head Puneet Chandok resigns")
Edtech major Byju's lenders discard talks to restructure $1.2-billion loan
Lenders may put pressure on Byju's to liquidate US assets to part-repay
India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report
Collaboration and customer-centric business development among factors enabling country's capacity
 "India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report")
Meesho becomes world's fastest shopping app to cross 500 mn downloads
Meesho's Android app is the lightest e-commerce app in India on Google Play, according to data analytics provider data.ai
 "Meesho becomes world's fastest shopping app to cross 500 mn downloads")
Amazon now part of India's social fabric: Country Manager Manish Tiwary
'No change in intent to experiment with right framework or interest to invest in India', he says
 "Amazon now part of India's social fabric: Country Manager Manish Tiwary")
