 "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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How Indian tech cos banded together to help each other during SVB crisis
The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact
 "How Indian tech cos banded together to help each other during SVB crisis")
PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation
New funding is part of PhonePe's ongoing capital raise of up to $1 bn, following its domicile shift to India last year
 "PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation")
Scam-call blocker Truecaller opens first India office in Bengaluru
The company opened a facility in Bengaluru, which is its largest office in the world outside of its headquarters in Sweden
 "Scam-call blocker Truecaller opens first India office in Bengaluru")
ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer
The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources
 "ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer")
Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years
US fried-chicken chain Popeyes made its debut in India with the opening of its first restaurant in Bengaluru in January 2022, followed by rapid expansion to 12 restaurants in Bengaluru
 "Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years")
Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling
upGrad works with over 400 global companies to upskill their talent
 "Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling")
SVB fallout: Present imperfect, future tense for Indian start-ups
Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later
 "SVB fallout: Present imperfect, future tense for Indian start-ups")
Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others
The new investment is likely to close in a few weeks and help the payments firm compete with Google Pay, Paytm, and Amazon Pay in the Indian fintech space
 "Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others")
Edtech startup Byju's to raise $250 mn in Aakash pre-IPO funding
Aakash is eyeing an initial public offering (IPO) and it is looking to raise the capital to create an interim event and set the stage, according to the sources
 "Edtech startup Byju's to raise $250 mn in Aakash pre-IPO funding")
ADIA may seal $500-million stake deal in eyewear start-up Lenskart
Eyewear firm likely to raise another $100 million from ChrysCapital
 "ADIA may seal $500-million stake deal in eyewear start-up Lenskart")
India likely to be largest market in the world this year: Walmart CFO
John David Rainey, CFO Walmart, said during an investor conference that Walmart-owned Flipkart and PhonePe have exciting opportunities and have large portions of market share in India
 "India likely to be largest market in the world this year: Walmart CFO")
Duolingo bets big on India, as Indians learn Korean, High Valyrian, French
India is now the US edtech firm's fifth largest market by daily active users (DAUs) and the second fastest-growing among its top 10 markets in 2022
 "Duolingo bets big on India, as Indians learn Korean, High Valyrian, French")
20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen
As Domino's faces the 20-minute delivery challenge in Bengaluru, announces launch of service in other metros in 12 months
 "20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen")
Google-backed startup unveils multilingual voice search technology
Slang Labs was co-founded in 2017 by founders who had earlier co-founded Little Eye Labs, the first and only Indian company to be acquired by Meta (Facebook)
 "Google-backed startup unveils multilingual voice search technology")
Domino's targets 20-minute delivery across metro cities in next 12 months
Domino's 20-minute delivery is available at 170 stores across Bengaluru
 "Domino's targets 20-minute delivery across metro cities in next 12 months")
Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn
The Group is looking to build the world's largest hybrid curated marketplace for learning services, says Priyavrata Mafatlal, Vice Chairman, Arvind Mafatlal Group
 "Arvind Mafatlal Group plans to scale up its edtech venture GetSetLearn")
RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms
Ola Financial Services, Obopay Mobile and Manapurram Finance other entities
 "RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms")
Indian SFV market monetisation, a $8-12 bn opportunity by 2030: Redseer
In India, the Redseer report also said that video commerce has just started, with shortform video platforms expected to capture about 40 per cent of the $8-11 billion video commerce market in 2030
 "Indian SFV market monetisation, a $8-12 bn opportunity by 2030: Redseer")
Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh
Ahmedabad-based Matter will be competing with players such as Ola Electric and Ultraviolette in the electric motorbike segment
 "Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh")
Facebook co-founder's VC firm B Capital closes health fund, commits $500 mn
Technological advancements in biology, artificial intelligence, and automation are transforming the healthcare industry, with business models seeing the convergence of traditional players in novel way
 "Facebook co-founder's VC firm B Capital closes health fund, commits $500 mn")