 "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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Meesho's monthly active users count about 55% of Amazon, Flipkart: Report
Meesho is India's third largest e-commerce retailer with CY22 GMV of $4.5 bn and 7 per cent market share, growing much faster than overall e-commerce market, according to the brokerage firm Jefferies.
 "Meesho's monthly active users count about 55% of Amazon, Flipkart: Report")
Nearly 1 million music streams played every 3 minutes in FY23: Redseer
Daily streams on audio streaming platforms reached 460 million in FY23 and Spotify dominates the OTT audio market with a 26% share of streams, said a Redseer report
 "Nearly 1 million music streams played every 3 minutes in FY23: Redseer")
US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics
ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'
 "US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics")
CFOs in demand at startups amid funding winter, profitability woes
An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter
 "CFOs in demand at startups amid funding winter, profitability woes")
India gets over $60 bn in PE-VC investments for third year straight: Report
Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says
 "India gets over $60 bn in PE-VC investments for third year straight: Report")
Razorpay sets up board for high standards of governance, compliance
The advisory board will periodically convene to review, analyse and provide recommendations and directions on both strategic and tactical levels
 "Razorpay sets up board for high standards of governance, compliance")
Udaan forms strategy to strengthen its staples business across Bharat
Following high growth, B2B e-commerce platform plans to double miller count in the next 12-15 months
 "Udaan forms strategy to strengthen its staples business across Bharat")
Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm
Meanwhile, Zepto has announced the appointment of crypto firm CoinSwitch's chief financial officer Ramesh Bafna as its new CFO. Bafna is an ex-CFO of Myntra and an early member of the Flipkart team
 "Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm")
AI to have huge impact on future of businesses, but challenges exist
While generative AI has created a huge buzz at the consumer end, enterprises are still cautious about its use
 "AI to have huge impact on future of businesses, but challenges exist")
Uber sets up second batch of driver members to join advisory council
System gives the 'much-deserved seat at the table', says ride hailing company
 "Uber sets up second batch of driver members to join advisory council")
Lupin Diagnostics launches regional reference laboratory in Bengaluru
After establishing a presence in Hyderabad, this launch expands footprint in South India
 "Lupin Diagnostics launches regional reference laboratory in Bengaluru")
PhonePe raises $100 million additional funding from General Atlantic
This new funding is part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year
 "PhonePe raises $100 million additional funding from General Atlantic")
Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding
The firm transforms the entire office development experience using technology with an end-to-end solution across stages of design, procurement, and execution
 "Lightspeed backs workspace startup 'OfficeBanao' with $6 mn in funding")
India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer
The total shipments for e-commerce logistics grew to 4 billion in FY23
 "India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer")
Cold chain startup Celcius raises Rs 100 crore from IvyCap, others
The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables
 "Cold chain startup Celcius raises Rs 100 crore from IvyCap, others")
Want to make India an engineering and manufacturing hub: Legrand Group CEO
He said Legrand is planning to expand in the country, doubling down on investments and hiring about 500 people this year as well as make acquisitions
 "Want to make India an engineering and manufacturing hub: Legrand Group CEO")
ZestMoney laying off 100 employees after deal with PhonePe fails
PhonePe in talks with BNPL firm to hire some staff left after acquisition talks fail
 "ZestMoney laying off 100 employees after deal with PhonePe fails")
Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund
Cloud kitchen company says it will use financing to expand reach and diversify in offline market
 "Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund")
Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report
Transacting users in this IPL is expected to grow by 25-30 per cent, with 60-65 per cent of them coming from tier-II cities and beyond
 "Fantasy gaming revenue to go up 25-30% during ongoing IPL: Redseer report")
Electronics trade group announces IESA new council, Sanjay Gupta is chief
Organisation represents the country's electronics system design and manufacturing industry
 "Electronics trade group announces IESA new council, Sanjay Gupta is chief")