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.
Page 89 - Peerzada Abrar/workspace/business Standard Web/undefined
We are truly seeing perfect storm of digitisation in India: AWS' Chandok
Company will support the government's plan to have Open Network Digital Commerce for e-commerce, says the senior executive.
 "We are truly seeing perfect storm of digitisation in India: AWS' Chandok")
1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months
Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.
 "1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months")
Uber steps up bus service, runs pilot services in Delhi and Gurgaon
The Uber app will let customers book bus seats as the company works with private firms and state-run services.
 "Uber steps up bus service, runs pilot services in Delhi and Gurgaon")
Ola, Uber get notices for alleged consumer rights breach, unfair practices
Improper grievance redress mechanism, poor service, hefty cancellation charges and fairness of algorithm used to charge fares among major issues raised
 "Ola, Uber get notices for alleged consumer rights breach, unfair practices")
WhatsApp will be open to all businesses through Cloud API: Mark Zuckerberg
This will be made possible by offering free, secure cloud hosting services provided by Meta
 "WhatsApp will be open to all businesses through Cloud API: Mark Zuckerberg")
Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries
Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability
 "Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries")
Uber India addresses trip cancellations, drivers not switching on AC
Cab-hailing firm will show trip destinations to drivers before they decide to accept a ride.
 "Uber India addresses trip cancellations, drivers not switching on AC")
Flipkart Pay Later doubles its user base to over 6 mn in just 7 months
Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile
 "Flipkart Pay Later doubles its user base to over 6 mn in just 7 months")
BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital
BlissClub has seen 25X growth in just 10 months, having gone from raising a seed round in May 2021 to current Series A in less than a year
 "BlissClub raises $18 mn in funding led by Eight Roads, Elevation Capital")
Walmart's PhonePe set to acquire WealthDesk, OpenQ for about $70 mn
PhonePe to acquire WealthDesk and OpenQ for about $50 million and $20 respectively according to the sources. PhonePe has invested over $60 M on acquisitions as per the data analytics platform Tracxn
 "Walmart's PhonePe set to acquire WealthDesk, OpenQ for about $70 mn")
Vedantu lays off 424 employees as it expects a scarcity of capital
Citing headwinds, CEO Vamsi Krishna says capital will be scarce in upcoming quarters
 "Vedantu lays off 424 employees as it expects a scarcity of capital")
Inspired by Indian innovation, says senior Amazon executive Dave Clark
The CEO for worldwide consumer at Amazon says the country is 'very important' to his company's plans.
 "Inspired by Indian innovation, says senior Amazon executive Dave Clark")
India to become large exporter of products post-Covid: Rajeev Chandrasekhar
Minister of State for Electronics & IT sees SMBs playing a big role in this regard
 "India to become large exporter of products post-Covid: Rajeev Chandrasekhar")
Amazon launches Smart Commerce to change local stores into digital dukaans
Stores will now be able to digitise their operations, enhance in-store experience for walk-in customers, and create their own online storefront in minutes powered by Amazon
 "Amazon launches Smart Commerce to change local stores into digital dukaans")
B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge
Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company's presence globally.
 "B2B platform Fashinza raises $100 mn in funding led by Prosus, Westbridge")
Keen to invest more in Indian software, fintech: Insight Partners top brass
Nikhil Sachdev (MD) and Nikki Parker (SVP) travelled to India from the US for face-to-face meetings aimed at building strong ties with Indian startup founders
 "Keen to invest more in Indian software, fintech: Insight Partners top brass")
AWS launches SMB Vidyalaya to speed up digitisation of small businesses
The programme has over 50 technology education modules specific to SMBs and the opportunities they have to drive business growth across the country
 "AWS launches SMB Vidyalaya to speed up digitisation of small businesses")
In struggle to get employees back to office; companies tread cautiously
In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required
 "In struggle to get employees back to office; companies tread cautiously")
Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation
The founder of Dr Sheth's will continue to lead the business and product innovation
 "Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation")
Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India
The firm said it focused on creating a robust infrastructure to help Indian businesses address customers in over 200 countries and territories
 "Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India")
