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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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
 "Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B")
Myntra moves to new fashion, tech and sustainability oriented office
300,000 st ft premises is situated in Outer Ring Road at Kadubeesanahalli, Bengaluru
 "Myntra moves to new fashion, tech and sustainability oriented office")
Ecom Express aims to have 50% of its fleet transitioned to EVs by 2025
Ecom Express has been working to put in place the infrastructure to support the EV roll-out including the charging facility.
 "Ecom Express aims to have 50% of its fleet transitioned to EVs by 2025")
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper
Restaurant management platform raises $24mn in series B funding
 "Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper")
Microsoft bets on e-commerce firm Udaan with play in convertible note round
Top tech firm joins host of other global investors in the Bengaluru-based B2B platform; move could set the stage for Udaan to go public in 18 months and boost its valuation then
 "Microsoft bets on e-commerce firm Udaan with play in convertible note round")
Not big players, but small brands catering to the needs of India: CAIT
CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country
 "Not big players, but small brands catering to the needs of India: CAIT")
Flipkart's social commerce arm Shopsy may hit 100 mn users this year
Social commerce is expected to be about a $70 billion market opportunity in the next few years
 "Flipkart's social commerce arm Shopsy may hit 100 mn users this year")
Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products
Event will have artisans, weavers, people with disabilities and rural and urban women from SHGs. The two-day sale event goes Live on April 15-16, ahead of World Artisan Day
 "Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products")
OYO hits weekend with over 300K bookings; surpasses New Year's bookings
OYO also observed a 134 per cent jump in weekend vs weekday bookings during the festive weekend in 2022 vs 111 per cent in 2019.
 "OYO hits weekend with over 300K bookings; surpasses New Year's bookings")
PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition
PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million
 "PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition")
PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month
The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country
Ola bets on 10-minute delivery promise, but experts sceptical
Finger in too many pies? Market doesn't reward confusing narrative, they say
 "Ola bets on 10-minute delivery promise, but experts sceptical")
Performance management startup Mesh raises $11 mn for US, APAC expansion
The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.
 "Performance management startup Mesh raises $11 mn for US, APAC expansion")
Amazon says anyone aiding FRL shareholders meeting is party to fraud
In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL
 "Amazon says anyone aiding FRL shareholders meeting is party to fraud")
Top court refuses to entertain BharatPe's petition against PhonePe
Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'
Pine Labs makes majority investment in payment solution provider Mosambee
The leadership team at Mosambee will continue to operate independently.
 "Pine Labs makes majority investment in payment solution provider Mosambee")
Data-rich local Indian content provides fertile ground for tech companies
From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms
