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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As Uber, Ola continue tussle with state govts, cabbies try different route
Ride-hailing giants Ola and Uber are challenging order by States to ban autorickshaw rides through companies' apps; in the meanwhile alternative government-backed taxi/auto aggregators are coming up
 "As Uber, Ola continue tussle with state govts, cabbies try different route")
Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence
Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida
 "Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence")
Amazon woos Indian exporters to sell products on Black Friday sale event
US e-commerce giant cuts subscription fee for new exporters joining Global Selling programme
 "Amazon woos Indian exporters to sell products on Black Friday sale event")
PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times
The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees
 "PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times")
Top Indian unicorn founders, venture capitalists back Green Startup Pledge
World's first climate pledge for startups is backed by India's leading VC funds and supported by entrepreneurs including Nithin Kamath, Deepinder Goyal and Bhavish Aggarwal
 "Top Indian unicorn founders, venture capitalists back Green Startup Pledge")
Ola shuts in-car infotainment service launched in 2016 as global first
Industry sources say the service was not proving any value to the ride-hailing company
 "Ola shuts in-car infotainment service launched in 2016 as global first")
Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn
The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic
 "Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn")
Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses
The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year
 "Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses")
upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr
The total expenses of the edtech unicorn for the fiscal were reported as Rs 1,319 crore in FY22, a jump of 157 per cent from Rs 514 crore last year
 "upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr")
Appario Retail's revenue rises 9% to Rs 15,915 cr, profit increases 53%
However, Amazon recently said it has decided that Appario Retail would cease as a seller on the e-commerce giant's platform within the next 12 months
 "Appario Retail's revenue rises 9% to Rs 15,915 cr, profit increases 53%")
A Rs 5,000 cr opportunity: Hinterland is Pine Labs' BNPL money-spinner
These include products like smartphones, wearables, large appliances, smart televisions, and washing machines
 "A Rs 5,000 cr opportunity: Hinterland is Pine Labs' BNPL money-spinner")
Walmart-owned PhonePe to enable UPI activation on Aadhaar-based OTP
The Walmart-owned firm said this will now enable several millions of Indians to become a part of the UPI ecosystem seamlessly
 "Walmart-owned PhonePe to enable UPI activation on Aadhaar-based OTP")
You're fired! Layoff crisis getting out of control at unicorns in India
A growing list of top tech unicorns or companies with over $1 billion valuation each is laying-off employees in an attempt to conserve cash and focus on profitability amid a funding winter this year
 "You're fired! Layoff crisis getting out of control at unicorns in India")
Chiratae Ventures Growth Fund -I announces its first close at Rs 759 crore
The fund is targeting to invest across 15-20 companies raising Series C and beyond rounds
 "Chiratae Ventures Growth Fund -I announces its first close at Rs 759 crore")
Unacademy gives pink slips to 350 employees in second round of layoffs
CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs
 "Unacademy gives pink slips to 350 employees in second round of layoffs")
Edtech pioneer Ronnie Screwvala to build world's largest tech school
The move comes at a time when many unicorns recently fired employees in an attempt to conserve cash and focus on profitability amid steep losses and a funding winter
 "Edtech pioneer Ronnie Screwvala to build world's largest tech school")
Starbucks co-founder Zev Siegl spills the beans about building a brand
Starbucks co-founder Zev Siegl, who was on a visit to India to attend Global Investors Meet in Bengaluru, was seen at a restaurant enjoying filter coffee and masala dosa
 "Starbucks co-founder Zev Siegl spills the beans about building a brand")
350 employees in Udaan to get pink slip in pursuit of profitability
India's largest business-to-business e-commerce firm sacked 180 employees in June
 "350 employees in Udaan to get pink slip in pursuit of profitability")
Byju's ropes in Messi as global brand ambassador for its social initiative
Earlier this year, edtech giant Byju's became the official sponsor of the FIFA World Cup 2022 in Qatar
 "Byju's ropes in Messi as global brand ambassador for its social initiative")
Randi Zuckerberg bats for more women to participate in Web3, crypto
Zuckerberg also toured several startup and venture capital offices and met many investors and founders in Bengaluru
 "Randi Zuckerberg bats for more women to participate in Web3, crypto")
