 "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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PhonePe records revenue of Rs 2,914 crore in FY23, marks 77% jump
The Walmart-owned fintech firm said this growth is led primarily by its focus on market expansion and leadership in the digital payments market.
 "PhonePe records revenue of Rs 2,914 crore in FY23, marks 77% jump")
E-commerce firm Meesho's CXO for business Utkrishta Kumar moves on
Megha Agarwal, the current CXO for growth at Meesho, will take the mantle from Kumar and be the new CXO for business and Nilesh Gupta will take on the role of general manager for user growth
 "E-commerce firm Meesho's CXO for business Utkrishta Kumar moves on")
Meesho sees record 16 mn new app installs during Mega Blockbuster sale
With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second
 "Meesho sees record 16 mn new app installs during Mega Blockbuster sale")
AI startup Leucine gets $7 mn funding from Ecolab Inc, angel investors
Leucine's platform can be rolled out in as little as eight weeks, thanks to its proprietary AI-enabled digital process builder
 "AI startup Leucine gets $7 mn funding from Ecolab Inc, angel investors")
Record 1.4 bn visits during 'The Big Billion Days' festive sales: Flipkart
Choices in smartphones, laptops, tablets and home appliances indicate a strong premiumisation trend across India this year, said Flipkart
 "Record 1.4 bn visits during 'The Big Billion Days' festive sales: Flipkart")
Expanding our grocery, fulfilment centres in 12 months: Flipkart's Badri
50% customers will see same/next-day deliveries this festival season: Flipkart's Hemant Badri
 "Expanding our grocery, fulfilment centres in 12 months: Flipkart's Badri")
Early Diwali: Fomo, premiumisation light up e-commerce festival sales
GMV rises 16% to Rs 29,000 crore in first four days of mega events, says Redseer report
 "Early Diwali: Fomo, premiumisation light up e-commerce festival sales")
IVCA partners with ISB for training programme for PE/VC fund managers
One common strategy adopted by private equity and venture capital firms to protect their investment is to nominate a director on the board of a start-up company
 "IVCA partners with ISB for training programme for PE/VC fund managers")
Venture Highway gets 50x returns in secondary sale of stake in Meesho
Venture Highway, an early and long-term backer of Meesho, invested in the company's first seed round over eight years ago
 "Venture Highway gets 50x returns in secondary sale of stake in Meesho")
Nikhil Kamath's fund, others, back elder care platform Age Care Labs
The platform has closed $11 million in its Pre-Series B round from Rainmatter Capital (Zerodha's investment arm) and Gruhas (venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai)
 "Nikhil Kamath's fund, others, back elder care platform Age Care Labs")
E-com opportunity worth $13 bn for MSMEs during festive season: Shiprocket
With rising e-commerce activity, Shiprocket expects around 10 to 15 per cent of total order volume to come from first-time shoppers
 "E-com opportunity worth $13 bn for MSMEs during festive season: Shiprocket")
Karnataka govt's US visit garners $3 bn worth of investment interest
The delegation held meetings with global companies like Applied Materials, AMD, Juniper, Global Foundries, Lam Research, Boeing, Krypton and Dell
 "Karnataka govt's US visit garners $3 bn worth of investment interest")
Technologies like AI, quantum computing may alter global order: RBI Dy Guv
Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems
 "Technologies like AI, quantum computing may alter global order: RBI Dy Guv")
Byju's creditors onboard Kroll to 'safeguard' Great Learning assets
Charged assets are used as collateral to secure a loan, allowing the lender to seize them if the borrower defaults
 "Byju's creditors onboard Kroll to 'safeguard' Great Learning assets")
Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party
Flipkart's 'The Big Billion Days (TBBD)', which kicked off on October 8 (early access for VIP and Plus customers was granted on October 7), garnered 91 million customer visits on Day 1
SuperOps.ai raises $12.4 mn in funding round led by Addition, March Capital
Company's technology platform helps managed service providers in assisting clients
 "SuperOps.ai raises $12.4 mn in funding round led by Addition, March Capital")
Festive season sale: E-commerce firms witness over 15% growth in orders
Myntra is expecting over 8 million customers to shop during BFF. Last year, about 6 million customers shopped during the event
 "Festive season sale: E-commerce firms witness over 15% growth in orders")
Swiggy One Lite membership launched for Rs 99, offering discounts
This membership includes free delivery, extra benefits in food, and grocery, and 30 per cent extra discounts across over 20,000 restaurants
 "Swiggy One Lite membership launched for Rs 99, offering discounts")
From music parties to war rooms to AI: Inside e-tail festival battles
E-commerce retailers are expected to garner sales worth Rs 90,000 crore this festive season, 18-20 per cent higher than last year, according to the analysts
 "From music parties to war rooms to AI: Inside e-tail festival battles")
InGovern flags concerns with FinMin about Flipkart hiring ex-CCI Officer
InGovern alleged that Sharma's transition raises substantial doubts about the impartiality of CCI's investigations, posing a potential threat to its integrity
 "InGovern flags concerns with FinMin about Flipkart hiring ex-CCI Officer")