 "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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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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AI healthcare firm Qure.ai completes $65 mn Series D funding round
The investment will expedite expansion into the US market and other geographies, increase investment into foundational AI models and enable complementary med-tech company acquisitions
 "AI healthcare firm Qure.ai completes $65 mn Series D funding round")
About 40% of our global R&D workforce is in India: Sindhu Gangadharan
Gangadharan emphasises India's strategic importance for SAP's growth and innovation
 "About 40% of our global R&D workforce is in India: Sindhu Gangadharan")
Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC
Allows US lenders to take control of firm's American assets, primarily Byju Alpha
 "Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC")
Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD
This year, the company has increased the hiring of women in the blue collar workforce by 24 per cent compared to BBD 2023
 "Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD")
Amazon scales up operations network to meet festive season demand
Amazon India is making significant investments and scaling up its operations network as it prepares to serve millions of customers throughout India during the upcoming festive season
 "Amazon scales up operations network to meet festive season demand")
Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO
Nair has previously worked with Hindustan Coca-Cola Beverages as CHRO for India and SAARC, where she contributed significantly to sales retention and supply chain productivity
 "Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO")
We are now a separate entity from Byju's: Aakash CEO Deepak Mehrotra
Plan includes scaling up operations, bringing efficiency and setting up hybrid learning centres
 "We are now a separate entity from Byju's: Aakash CEO Deepak Mehrotra")
Byju Raveendran apologises to employees, pledges support amid challenges
As a small token of appreciation, Raveendran said he has managed, against all odds, to borrow some funds and to compensate the employees and urged them to continue teaching
 "Byju Raveendran apologises to employees, pledges support amid challenges")
Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding
$210 mn Series B funding round led by Hornbill Capital; Physics Wallah will use funding to expand reach
 "Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding")
Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops
Kumar, who joined Amazon in 1999, was part of the original team that planned and launched Amazon.in (Amazon India) in 2013
 "Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops")
54 new spacetech startups in 2023 represent new opportunities for India
Spacetech startups are harnessing artificial intelligence and 'deep technologies' like Blockchain and Internet of Things to transform industries and solve pressing societal challenges
 "54 new spacetech startups in 2023 represent new opportunities for India")
AI-led dating platform Schmooze raises $4 million series A round
In just 10 months since its launch in India, Schmooze said it has attracted over 1 million users and witnessed 900 million meme swipes
 "AI-led dating platform Schmooze raises $4 million series A round")
Redcliffe Labs raises $42 mn in Series C funding to expand across India
The diagnostics service provider will use the funds to open more labs and collection centres, along with an expansion of its home collection network
 "Redcliffe Labs raises $42 mn in Series C funding to expand across India")
Swiggy launches Project Next to offer career growth for delivery partners
The programme- Project Next- is part of Swiggy's larger initiative Swiggy Skills, which was announced earlier this month with the Ministry of Skill Development and Entrepreneurship
 "Swiggy launches Project Next to offer career growth for delivery partners")
E-commerce firms Flipkart, Amazon to host flagship sales from September 27
E-commerce firm Meesho said it would start its 'Mega Blockbuster Sale' on September 27
 "E-commerce firms Flipkart, Amazon to host flagship sales from September 27")
IPO-bound Ecom Express used incorrect numbers in DRHP, says Delhivery
These are related to metrics such as shipment volumes, Service EBITDA and cost per shipment
 "IPO-bound Ecom Express used incorrect numbers in DRHP, says Delhivery")
Amazon India creates over 100K seasonal jobs ahead of festive season
Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network. The majority of these new hires have already been onboarded
 "Amazon India creates over 100K seasonal jobs ahead of festive season")
Centricity's valuation reaches $125 mn in funding round led by Lightspeed
Centricity plans to utilise the fresh capital to expand its operations. The company intends to double its tech development team from 75 to over 150 specialists
 "Centricity's valuation reaches $125 mn in funding round led by Lightspeed")
Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris
Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories
 "Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris")
Swiggy plans to raise Rs 5,000 crore via fresh issue in upcoming IPO
The Bengaluru-based company had already targeted Rs 6,664 crore through an offer for sale (OFS)