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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udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas
udaanCapital currently helps disburse over Rs 8,000 crore credit a year to 150,000 kiranas and small businesses. The credit is short-term and ranges from Rs 10,000 to Rs 25 lakh
 "udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas")
Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency
The tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7% stake in textile manufacturer Alok Industries Ltd for Rs 250 cr.
 "Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency")
Amazon partners with farmers to scale up grocery network across India
The e-commerce giant seeks to expand its supply chain network across the country to provide groceries like fruits and vegetables to customers
 "Amazon partners with farmers to scale up grocery network across India")
Future Group, Amazon set for long court battle as Reliance deal off
Future Retail and Future Enterprises have huge debts and lenders have initiated bankruptcy proceedings against Future Retail
 "Future Group, Amazon set for long court battle as Reliance deal off")
Amazon bets big on social commerce, acquires women-focused startup GlowRoad
The acquisition would help Amazon compete with Flipkart's Shopsy platform and social commerce firms such as Meesho, DealShare, BulBul, Mall91, and simsim.
 "Amazon bets big on social commerce, acquires women-focused startup GlowRoad")
Personal care brand Nat Habit raises $4 mn in Series A funding round
Gaurav Agarwal, co-founder of Nat Habit, said that the firm has been able to build the brand primarily using its own website, with just 10 per cent of the revenue coming from the marketplaces
 "Personal care brand Nat Habit raises $4 mn in Series A funding round")
Flipkart says new fulfilment centre in Bengal will create 11,000 jobs
Facility would help Walmart-owned firm compete with Amazon, Reliance's JioMart, and Tata-owned BigBasket.
 "Flipkart says new fulfilment centre in Bengal will create 11,000 jobs")
Edtech startup Newton School raises $25 mn from Steadview Capital, others
Founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, Newton School was built to democratise higher education.
 "Edtech startup Newton School raises $25 mn from Steadview Capital, others")
Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers
The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.
 "Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers")
Beauty, personal products maker Believe raises $55 mn in Series C funding
The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.
 "Beauty, personal products maker Believe raises $55 mn in Series C funding")
TechEagle launches Vertiplane X3, fastest multipurpose hybrid Indian drone
The product aims to bring healthcare to the hinterlands, meet needs of maritime and defence sectors, and strengthen conventional logistics supply chain
 "TechEagle launches Vertiplane X3, fastest multipurpose hybrid Indian drone")
SaaS firm Everstage raises $13 mn to expand and serve customers worldwide
Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital
 "SaaS firm Everstage raises $13 mn to expand and serve customers worldwide")
Edtech entrepreneur Ashwin Damera invests Rs 240 cr in InnoVen Capital Fund
Damera is co-founder of Eruditus and Emeritus, a leading global ed-tech platform currently valued at $3.2 billion
 "Edtech entrepreneur Ashwin Damera invests Rs 240 cr in InnoVen Capital Fund")
IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs
Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors
 "IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs")
Video editing tech firm VideoVerse raises $46.8 mn to expand globally
In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast
 "Video editing tech firm VideoVerse raises $46.8 mn to expand globally")
Gupshup acquires Bengaluru-based conversational AI provider AskSid
The acquisition strengthens Gupshup's AI-powered conversational solutions for e-commerce, retail and consumer goods industries
 "Gupshup acquires Bengaluru-based conversational AI provider AskSid")
Pine Labs announces key appointments to strengthen senior leadership
Pine Labs has appointed Varun Varma as the head of Strategy and Corporate Development and Jagriti Bhattacharya, who joins as general counsel.
 "Pine Labs announces key appointments to strengthen senior leadership")
Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum
Flipkart's M&A strategy is helping it tap new business areas, get access to innovation and vie with players like Amazon, Reliance's JioMart and Tata-backed BigBasket, say to analysts
 "Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum")
Strong rebound in India's job market post pandemic, says Apna report
Beauty, wellness industry sees huge increase in openings in the March quarter; highest momentum in logistics, IT
 "Strong rebound in India's job market post pandemic, says Apna report")
Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B
The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn
