 "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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Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months
Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply
 "Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months")
Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%
The Bhavish Aggarwal-led company said that it has set in motion a few initiatives for strong growth and profitability in the near future
 "Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%")
AI startups that help fight cancer, fraud picked for Google accelerator
20 companies will be mentored for solutions that 'positively impact various industries and transform lives', says tech giant
 "AI startups that help fight cancer, fraud picked for Google accelerator")
Digital public infrastructure fuelling innovation, says Nandan Nilekani
Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online
 "Digital public infrastructure fuelling innovation, says Nandan Nilekani")
ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer
Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech
 "ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer")
MPL's revenue surges 63% to $104.6 mn in FY23; losses narrowed by over 70%
The gaming unicorn has derived 38% of this revenue from its operations in international markets up from 11 per cent in FY22
 "MPL's revenue surges 63% to $104.6 mn in FY23; losses narrowed by over 70%")
1 mn new customers likely to shop from 2,300,000 styles at Myntra EORS sale
Several brands are expected to witness high traction. Some of them include Jack & Jones, Lakme, Rare Rabbit, Boat, Wildcraft, OnePlus, Mango, Forever 21, and Roadster, among others
 "1 mn new customers likely to shop from 2,300,000 styles at Myntra EORS sale")
Swiggy appoints Anand Kripalu as independent director, chairperson of board
Kripalu holds a Bachelor of Technology in Electronics from IIT, Madras, and an MBA from IIM, Calcutta. He completed his Advanced Management Program at Wharton Business School
 "Swiggy appoints Anand Kripalu as independent director, chairperson of board")
Defence manufacturer CoreEL Tech secures $16 mn funding from 360 ONE Asset
The Bengaluru-based firm's products have been deployed in India's next-generation radars, missiles, electronic warfare and avionics
 "Defence manufacturer CoreEL Tech secures $16 mn funding from 360 ONE Asset")
The Sleep Company secures Rs 184 cr in Series C funding from Premji Invest
The sleep and sitting solutions firm has plans to open a total of 100 stores in the next six months, reinforcing its Pan-India presence across Tier I and Tier II markets
 "The Sleep Company secures Rs 184 cr in Series C funding from Premji Invest")
Fintech startup ZestMoney to shut down, to lay off remaining 130 employees
The management told the employees that they had to take such a tough decision as the business has not been able to grow, according to the sources.
 "Fintech startup ZestMoney to shut down, to lay off remaining 130 employees")
Bike-taxi service provider Rapido drives cabs into Uber, Ola lane
Bike-taxi service provider launches new segment with subscription model for driver partners
 "Bike-taxi service provider Rapido drives cabs into Uber, Ola lane")
US-based data analytics firm FICO launches its cloud platform in India
"We can deliver vehicle loans faster and more accurately," said Uttam Tibrewal, executive director, AU Small Finance Bank
 "US-based data analytics firm FICO launches its cloud platform in India")
Byju Raveendran said to have infused Rs 4,000 cr of own money in firm
'Rise and fight alongside me': Founder of beleaguered edtech company tells meeting of senior executives, says source
 "Byju Raveendran said to have infused Rs 4,000 cr of own money in firm")
SenseAI Ventures rolls out Rs 200 crore fund to back AI startups
SenseAI Fund I is poised to invest in 18-20 AI-first startups, focusing on seed and Pre-A stage companies
 "SenseAI Ventures rolls out Rs 200 crore fund to back AI startups")
BCCI seeks Byju's insolvency at NCLT over default in payment of Rs 158 cr
This new development comes months after Byju's announced that it plans to end sponsorship of the Indian cricket team jersey, as it focuses on profitability
 "BCCI seeks Byju's insolvency at NCLT over default in payment of Rs 158 cr")
Edtech company Byju's calls for AGM to approve audited FY22 financials
Calls AGM to okay audited financials
 "Edtech company Byju's calls for AGM to approve audited FY22 financials")
Byju's pays November salaries to 1,000 employees after 4-day delay
Cash-strapped edtech company says technical glitch led to 'limited employees' missing payments on Dec 1
 "Byju's pays November salaries to 1,000 employees after 4-day delay")
Indian Angel Network's Alpha Fund completes first close at Rs 355 crore
IAN Alpha Fund has a corpus of Rs 1,000 crore and is registered with Sebi under AIF Category II
 "Indian Angel Network's Alpha Fund completes first close at Rs 355 crore")
Exams trainer Allen acquires edtech platform Doubtnut to improve technology
Exams trainer Allen Career says acquisition will help in improving its services
 "Exams trainer Allen acquires edtech platform Doubtnut to improve technology")