 "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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Amazon India's Prime Day gets faster as smaller cities drive growth
Amazon India said one in two Prime Day items were delivered within minutes in Amazon Now cities, while over 70 per cent of new Prime memberships came from Tier-2 and Tier-3 markets
 "Amazon India's Prime Day gets faster as smaller cities drive growth")
Nilekani-backed Fundamentum launches third fund of ₹2,200 crore
Nilekani made his largest personal commitment to a venture firm as Fundamentum expanded its leadership team and reaffirmed its focus on backing Series B startups
 "Nilekani-backed Fundamentum launches third fund of ₹2,200 crore")
India's e-commerce market to touch $250 bn by 2030 as AI reshapes retail
Shiprocket-Deloitte report says personalised recommendations, smarter fulfilment and rising digital adoption in smaller cities and rural India will fuel the next phase of growth
 "India's e-commerce market to touch $250 bn by 2030 as AI reshapes retail")
Flipkart sees small towns drive premium food demand ahead of IPO push
Vice president Nishant Dalal says Tier 2 and Tier 3 cities are fueling gourmet and premium food sales
 "Flipkart sees small towns drive premium food demand ahead of IPO push")
Flipkart expands zero-commission policy for sellers across fashion category
The move will benefit about 90,000 fashion sellers by removing commissions across all price points, months after Amazon India cut seller fees to attract more merchants
 "Flipkart expands zero-commission policy for sellers across fashion category")
Cult.fit files for ₹4,000 crore IPO, Hrithik among those selling stake
An offer for sale by existing shareholders could take the fitness company's IPO size to as much as ₹4,000 crore
 "Cult.fit files for ₹4,000 crore IPO, Hrithik among those selling stake")
CCI approves upGrad's acquisition of Unacademy after months of review
The competition watchdog clears the proposed combination between upGrad and Unacademy, allowing the companies to move towards closing the education-technology deal
 "CCI approves upGrad's acquisition of Unacademy after months of review")
Udaan reaches restructuring deal as BlackRock plans fresh financing
Existing investors are set to inject about $40 million in equity, while BlackRock is expected to provide up to $50 million through its private-credit platform ahead of Udaan's IPO plans
 "Udaan reaches restructuring deal as BlackRock plans fresh financing")
Anti-qcom startup is betting on India's price-conscious millions
CityMall says serving 'the belly of India' will drive its next level of growth
 "Anti-qcom startup is betting on India's price-conscious millions")
Flipkart approves second employee stock sale after meeting board milestones
The Walmart-owned ecommerce company will allow eligible employees to cash out up to 5 per cent of vested stock options at Rs 713.4 apiece, with payouts scheduled for August
Ola Electric faces insolvency petitions from two suppliers over unpaid dues
The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings
 "Ola Electric faces insolvency petitions from two suppliers over unpaid dues")
Amazon Now, Flipkart Minutes go full throttle in India's qcom space
Amazon Now and Flipkart Minutes are expanding aggressively to challenge Blinkit, Instamart and Zepto, betting on scale, Tier-II markets and existing customer ecosystems
 "Amazon Now, Flipkart Minutes go full throttle in India's qcom space")
ToneTag unveils AI banking assistant for millions of small merchants
The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure
 "ToneTag unveils AI banking assistant for millions of small merchants")
Amazon India legal chief steps up fight against fakes and AI-enabled scams
As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy
 "Amazon India legal chief steps up fight against fakes and AI-enabled scams")
Flipkart hires former Tata Digital CTO Vaidya to lead supply-chain tech
Appointment bolsters the Walmart-owned e-commerce company's technology leadership as it expands AI and logistics capabilities
 "Flipkart hires former Tata Digital CTO Vaidya to lead supply-chain tech")
Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default
Creditors filed a winding-up petition after debt-restructuring talks collapsed; Udaan says the proceedings are limited
Cult.fit gears up for IPO after turning Ebitda-positive, eyes expansion
The Bengaluru-based fitness chain has turned Ebitda-positive after recovering from the pandemic and is preparing for a stock-market listing as it expands across India
 "Cult.fit gears up for IPO after turning Ebitda-positive, eyes expansion")
Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains
Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits
 "Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains")
Amazon CEO Andy Jassy visits India as quick-commerce battle heats up
The company plans to expand Amazon Now to more than 300 cities as rivals Blinkit, Zepto, Instamart and Flipkart race to build larger fulfilment networks
 "Amazon CEO Andy Jassy visits India as quick-commerce battle heats up")
Flipkart Minutes hits 1K micro-fulfilment centres as qcom race heats up
Walmart-backed Flipkart expands its quick-commerce footprint across 130 cities and 8,000 pincodes, with plans to scale up to 1,500 fulfilment centres
 "Flipkart Minutes hits 1K micro-fulfilment centres as qcom race heats up")