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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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")
BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr
BigBasket expects GMV to grow 30% to Rs 13,000 cr in FY23 with quick commerce push; will scale up offline stores from 90 to 695 in a year, will double footprint to 70 cities
 "BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr")
Uber rolls out a slew of changes after forming driver advisory council
Uber has decided to do away with the trip acceptance threshold and rolled out the unconditional upfront drop-off destination feature
 "Uber rolls out a slew of changes after forming driver advisory council")
Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion
"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire
 "Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis
The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report
 "Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
E-commerce giants offer tech-friendly policies to woo offline sellers
They are offering new-age tech based products such as AI-led cataloguing, coupled with easy settlements and attractive platform fees that enable ease of doing e-commerce business
 "E-commerce giants offer tech-friendly policies to woo offline sellers")
Have made India's first indigenously made lithium ion-cell, says Ola
Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle
 "Have made India's first indigenously made lithium ion-cell, says Ola")
Unacademy's lessons on frugality: Pay cut for founders, no biz class travel
Founders have already taken salary cuts and this would be applied to the management as well
 "Unacademy's lessons on frugality: Pay cut for founders, no biz class travel")
Big Tech games system many times: Chandrasekhar after Uber Files report
Chandrashekhar added that innovation would grow along with a citizen's right to open a trusted and accountable Internet under the Modi government.
 "Big Tech games system many times: Chandrasekhar after Uber Files report")
CoinSwitch appoints former Myntra VP as head of crypto engineering
Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US
 "CoinSwitch appoints former Myntra VP as head of crypto engineering")
Digital manufacturing firm Zetwerk elevates Ankit Fatehpuria as co-founder
The firm said he will now be even more closely involved in helping Zetwerk's mission to modernise manufacturing and to build an enduring company
 "Digital manufacturing firm Zetwerk elevates Ankit Fatehpuria as co-founder")
Food firm iD Fresh grants ESOP, says it aims to create '100 crorepatis'
iD Fresh said it aims to create 100 millionaires in the next three years by offering employees high-value shares (ESOPS)
 "Food firm iD Fresh grants ESOP, says it aims to create '100 crorepatis'")
Byju's strengthens senior leadership in tech-first approach to growth
Early this year, Byju's had announced the appointment of Mani Bansal and Maneesh Agrawal to lead key tech functions in an effort towards strengthening its tech vertical
 "Byju's strengthens senior leadership in tech-first approach to growth")
Amazon India to host Prime Day sale event on July 23-24, offer new products
Small and medium businesses will offer more than 2,000 products, says company
 "Amazon India to host Prime Day sale event on July 23-24, offer new products")
Amazon letter accuses Future group of fraud, seeks forensic audit
E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL
 "Amazon letter accuses Future group of fraud, seeks forensic audit")
Ola may lay off up to 500 employees in order to drive cost-efficiency
Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans
How a Brazilian Jiu-Jitsu buff and a biohacker built fitness biz Ultrahuman
By using glucose and other biomarkers, Ultrahuman is helping people improve their energy levels, lose fat and avoid metabolic disorders
 "How a Brazilian Jiu-Jitsu buff and a biohacker built fitness biz Ultrahuman")
Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe
Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22
 "Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe")
