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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PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring
PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals
 "PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring")
EV industry may create 50 mn indirect jobs by 2030: IVCA-EY-Induslaw report
The industry attracted $6 billion in investments in 2021; this is expected to grow to $20 billion by 2030
 "EV industry may create 50 mn indirect jobs by 2030: IVCA-EY-Induslaw report")
Cost for data breaches averaged Rs 17.6 cr in 2022, highest ever: IBM study
Industrial companies paid most for cyberattacks as 'threat magnitude' grows
 "Cost for data breaches averaged Rs 17.6 cr in 2022, highest ever: IBM study")
Transport union protests Dunzo 'warning to riders' about supporting strikes
A Dunzo spokesperson said that the company is looking into the matter
 "Transport union protests Dunzo 'warning to riders' about supporting strikes")
Mergers & acquisitions on rise as startups diversify into newer spaces
The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share
 "Mergers & acquisitions on rise as startups diversify into newer spaces")
Women kirana partners lead deliveries for Flipkart in India's remote areas
The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women
 "Women kirana partners lead deliveries for Flipkart in India's remote areas")
Porter completes divestment of Modern Trade business to COGOS Technologies
This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions
 "Porter completes divestment of Modern Trade business to COGOS Technologies")
E-comm retail logistics market projected at $6.3 bn by FY26: Report
The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.
 "E-comm retail logistics market projected at $6.3 bn by FY26: Report")
Mobility fintech firm Moove, Uber partner to provide financing to drivers
Moove provides vehicle financing to mobility entrepreneurs to help them buy brand new cars using a percentage of their weekly revenue
 "Mobility fintech firm Moove, Uber partner to provide financing to drivers")
Facebook co-founder's VC firm eyes digital health tech and fintech
It is also looking to invest in logistics and supply chain, helping industries to scale up digitisation
 "Facebook co-founder's VC firm eyes digital health tech and fintech")
Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites
DoT and MeitY to issue blocking order for domain names identified by Meesho in suit
 "Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites")
Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on
Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer
Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report
In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021
 "Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report")
NCLT admits Bank of India's insolvency petition against Future Retail
IRP appointed; corporate insolvency resolution process to start against the retailer
 "NCLT admits Bank of India's insolvency petition against Future Retail")
Simple-to-use tech platform helps Meesho penetrate India's hinterlands
Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs
 "Simple-to-use tech platform helps Meesho penetrate India's hinterlands")
Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund
Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India
 "Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund")
Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit
'Unique and cutting-edge' state-of-the-art battery innovation centre in Bengaluru to be world's largest
 "Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&D unit")
Uber adds safety net: Riders can now share live location updates with cops
Riders or drivers will be able to share their live location along with their name and contact details at the swipe of a button on the Uber app with the police
 "Uber adds safety net: Riders can now share live location updates with cops")
Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car
Ola Electric aims to become a vertically integrated e-mobility player across two-wheelers and passenger cars; sees a $1 trillion opportunity at a volume of 155 million units
 "Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car")
Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia
The international business is so critical that the firm's other co-founder Phalgun Kompalli, has shifted to the US to lead businesses within the brand there
 "Ronnie Screwvala-led upGrad eyeing M&As in US and Southeast Asia")
