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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Accenture launches Women Founders Program in India for nascent B2B startups
Registrations for the programme are currently open to businesses that have at least one woman founder and are focused on advanced technologies such AI, IoT and cloud
 "Accenture launches Women Founders Program in India for nascent B2B startups")
Prime Venture Partners' Fund IV closes at $120 million
It will invest in disruptive technology companies across fintech, edtech, healthtech, consumer internet and Global SaaS.
 "Prime Venture Partners' Fund IV closes at $120 million")
Myntra has a big opportunity for democratising fashion through tech: CEO
Company has forayed into social commerce and has been pioneering the next wave of fashion-tech concepts, said Nandita Sinha
 "Myntra has a big opportunity for democratising fashion through tech: CEO")
Ronnie Screwvala-backed startup Lido Learning shuts shop, workers seek help
Many Lido Learning's employees and vendors complained about not getting salaries for nearly two months and delayed payments on professional networking platforms and social media
 "Ronnie Screwvala-backed startup Lido Learning shuts shop, workers seek help")
Gaming startup Zupee forms strategic partnership with Reliance Jio
This will entail integration of products and strong synergies in user engagement and distribution in a future-ready ecosystem that will benefit over 450 million users
 "Gaming startup Zupee forms strategic partnership with Reliance Jio")
Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared
Deal value not disclosed; Linear Squared is a cloud-based tech company specialised in building demand planning and forecasting products for CPG, grocery retail industry and other industries
 "Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared")
Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months
Udaan achieved a valuation of $3.1 bn during its last round of funding of $280 mn in January 2021 from existing and new investors
 "Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months")
Bombay Shaving Company raises Rs 160 crore from multiple sources
The hair removal brand plans to launch in international markets such as: US, Europe, GCC and Australia.
 "Bombay Shaving Company raises Rs 160 crore from multiple sources")
Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform
Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.
 "Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform")
Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration
Dismisses its plea seeking a direction to SIAC to decide on its application
 "Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration")
Practo evolving to become India's largest integrated healthcare firm: CEO
Adoption of digital healthcare will increase in next 4-5 years in India's $150 billion healthcare market and Practo will play a leading role in the transition
 "Practo evolving to become India's largest integrated healthcare firm: CEO")
Gig economy gets pandemic push as online deliveries smash records on NYE
Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India
 "Gig economy gets pandemic push as online deliveries smash records on NYE")
Flipkart's revenue up 25% to Rs 43K cr, Amazon clocks 49% rise at Rs 16K cr
At Rs 3,143 crore, Amazon Wholesale (India) Pvt Ltd reported a 7 per cent fall in FY21 revenue over the last financial year
 "Flipkart's revenue up 25% to Rs 43K cr, Amazon clocks 49% rise at Rs 16K cr")
State Bank of India pumps $20 million into Pine Labs in latest fintech bet
In 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors
 "State Bank of India pumps $20 million into Pine Labs in latest fintech bet")
upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler
Accuses Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit
 "upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler")
57% Indians prefer using regional languages for job search: Apna.co study
Vernacular language interface is driving higher engagement on Apna.co platform. Data from the past one year shows that after English, Hindi is the most popular language, followed by Kannada and Tamil
 "57% Indians prefer using regional languages for job search: Apna.co study")
Urban Company launches free video consultations for appliance repairs
Initiative will enable the consumer to understand exact issue with an accurate diagnosis and cost estimate, leading to instant resolution, all through a video call
 "Urban Company launches free video consultations for appliance repairs")
Bumper festive season for e-comm firms; India's rich loosen purse strings
Amazon recently said its month-long sales event had seen the biggest-ever shopping activity for its sellers and brand partners, bringing services to millions of customers
 "Bumper festive season for e-comm firms; India's rich loosen purse strings")
Amazon Pay India's revenue grows 29% YoY to Rs 1,769 crore in FY21
The company reports a net loss of Rs 1,516 crore during the same fiscal
 "Amazon Pay India's revenue grows 29% YoY to Rs 1,769 crore in FY21")
Udaan aims to have 100 exclusive brands in tie-up with small garment makers
Udaan exclusive brands have been specially created to help and empower small businesses - including manufacturers and retailers of Bharat to compete with established brands
 "Udaan aims to have 100 exclusive brands in tie-up with small garment makers")
