Peerzada Abrar

All stories by Peerzada Abrar

PE/VC investments hit 12-quarter low at $5.1 billion

PE/VC investments hit 12-quarter low at $5.1 billion

Rediff.com28 Apr 2020

The quarter also saw exits worth $1.9 billion across 37 deals, 59 per cent higher YoY. This was driven by one of India's largest PE-backed IPO exit, the $1-billion partial exit by Carlyle in the SBI Cards IPO.

Ecommerce firms ask govt for 6-month curfew passes

Ecommerce firms ask govt for 6-month curfew passes

Rediff.com8 Apr 2020

The companies have asked for digital curfew passes as e-retailers feel if more lockdowns are ordered after April 14, it is extremely difficult and time-consuming process to acquire the passes from local authorities.

Beam me up, Scotty! Indian tech firm helped in Wuhan's Covid-19 fight

Beam me up, Scotty! Indian tech firm helped in Wuhan's Covid-19 fight

Rediff.com30 Mar 2020

Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar.

Online shopping sees spurt thanks to coronavirus fears

Online shopping sees spurt thanks to coronavirus fears

Rediff.com15 Mar 2020

E-commerce companies are seeing an increase in demand for products such as fresh fruits and vegetables, milk, flour, rice, and lentils, and personal hygiene items like sanitisers and soaps and household cleaning products. Other products include instant noodles, baby food and Ayurvedic items. "There is even a huge spike in pet food," said a person.

It's official: Ola will go for IPO in next few years

It's official: Ola will go for IPO in next few years

Rediff.com4 Mar 2020

The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.

Nadella 'decodes future', calls to protect AI from bias

Nadella 'decodes future', calls to protect AI from bias

Rediff.com26 Feb 2020

The Hyderabad-born Nadella says it's not the AI engine, but the teams that build it as well as the algorithms to make it intelligent have to be diverse and inclusive, so that the solutions they build do not show up any sort of 'unconscious bias' that they may have.

Amazon, trade bodies' courtroom battle may impact e-commerce policy

Amazon, trade bodies' courtroom battle may impact e-commerce policy

Rediff.com24 Feb 2020

The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon.

Post devaluation, Quikr is no longer a unicorn

Post devaluation, Quikr is no longer a unicorn

Rediff.com20 Feb 2020

Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.

Why PhonePe's fundraising process has hit roadblock

Why PhonePe's fundraising process has hit roadblock

Rediff.com20 Jan 2020

Having grown swiftly since the acquisition of Flipkart by Walmart in 2018, it was looking at a valuation of $10 billion. However, factors such as lack of diversification, new e-commerce and data policies, as well as the overall investment environment, have slowed the process.

Microsoft selects 54 startups in India's Tier 2 cities

Microsoft selects 54 startups in India's Tier 2 cities

Rediff.com14 Jan 2020

Some of them include Spider G, NeuroTags, Genrobotic Innovations, AI Aeronautics, Synersense, Dealshare and NanoHealth. 'Highway to a Hundred Unicorns,' the Microsoft for startups initiative, works closely with local governments to strengthen the startup ecosystem in each state.

India orders 95 biryanis per minute: Swiggy

India orders 95 biryanis per minute: Swiggy

Rediff.com24 Dec 2019

So Swiggy offered 35,056 varieties of biryani to its users, says Peerzada Abrar.

Ola to launch services in London after Uber ban

Ola to launch services in London after Uber ban

Rediff.com27 Nov 2019

Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app.

Uber's Rs 1,767 crore investment the biggest in India arm

Uber's Rs 1,767 crore investment the biggest in India arm

Rediff.com13 Nov 2019

The capital infusion is expected to bolster its presence in the country by funding its key businesses to take on Indian rival Ola.

With Rs 4,470 cr war-chest Amazon gets ready to take on Flipkart

With Rs 4,470 cr war-chest Amazon gets ready to take on Flipkart

Rediff.com30 Oct 2019

Amazon's fresh investment in its India entities come at a time when the Seattle-based firm has faced losses in several of its business entities in India, such as seller services, wholesale, transportation services and digital payments, for the 2018-19 financial year.

OnePlus dials into Bharat to beat competition

OnePlus dials into Bharat to beat competition

Rediff.com27 Oct 2019

In October, OnePlus said, it recorded Rs 500 crore of revenue in only the first two days of the festive sale on Amazon.in. The firm is looking at going beyond the metro cities by scaling up its offline stores to over 5,000 and setting up more than 100 'experience centres' in the top 50 cities by next year.

Ola spreads wings to 2 more UK cities

Ola spreads wings to 2 more UK cities

Rediff.com2 Oct 2019

Customers in Coventry and Warwick will also enjoy competitive pricing -- with new users receiving 50 per cent off on all rides for the first two weeks, according to the company.

Behind Samsung's India play is its R&D outreach in Bengaluru

Behind Samsung's India play is its R&D outreach in Bengaluru

Rediff.com6 Sep 2019

Samsung Research Institute in Bengaluru is Samsung's biggest research and development (R&D) centre outside its headquarters in Seoul, and one that's driving many key innovations for the firm, says Peerzada Abrar.

Apple clocks double-digit revenue growth in India

Apple clocks double-digit revenue growth in India

Rediff.com1 Aug 2019

Analysts tracking Apple said the India results were glimpses of what the company could achieve in emerging markets with a right pricing strategy for its products and local manufacturing.

EV start-up SmartE gets Rs 100-crore funding from Mitsui

EV start-up SmartE gets Rs 100-crore funding from Mitsui

Rediff.com22 Jul 2019

With its fleet of nearly 1,000 electric three-wheelers in Delhi-NCR, it moves around 100,000 commuters daily. The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country.

Ola expands global footprint, gets London licence to take on Uber

Ola expands global footprint, gets London licence to take on Uber

Rediff.com7 Jul 2019

In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both the driver-partners as well as the users, more choice.

Flipkart to roll out EVs for last-mile deliveries

Flipkart to roll out EVs for last-mile deliveries

Rediff.com28 Jun 2019

The aim is to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020. o start with, the company is looking at deploying nearly 160 e-vans by the end of 2019.

Entrepreneurs who invested in scooter sharing start-up Vogo

Entrepreneurs who invested in scooter sharing start-up Vogo

Rediff.com19 Jun 2019

Vogo, which has a fleet of over 12,000 vehicles mainly across Hyderabad, Mysuru and Bengaluru, is also betting big on India's growing traffic congestion.

Swiggy unveils 'Daily', the first-of-its-kind homestyle meal app

Swiggy unveils 'Daily', the first-of-its-kind homestyle meal app

Rediff.com4 Jun 2019

To make the service a hassle-free everyday option, Daily will allow users to schedule their meals in advance or opt for a daily, weekly or monthly subscription.

Flipkart ups the ante in grocery battle with Amazon

Flipkart ups the ante in grocery battle with Amazon

Rediff.com9 May 2019

Flipkart Supermart is already live in Bengaluru, Chennai, Hyderabad and Delhi

Data privacy a major concern in India: Nandan Nilekani

Data privacy a major concern in India: Nandan Nilekani

Rediff.com23 Apr 2019

Data privacy, he said, is a broader argument beyond Aadhaar as it includes everything such as issues related to mobile phones and social media data.

Walmart CEO Doug McMillon in India to take on Amazon

Walmart CEO Doug McMillon in India to take on Amazon

Rediff.com16 Apr 2019

Besides Jeff Bezos-led Amazon, Walmart-owned Flipkart is also facing a threat from Asia's richest man and RIL chairman Mukesh Ambani, who is also betting big to grab a share of the country's e-commerce market.

A peek into PhonePe's mega expansion plan

A peek into PhonePe's mega expansion plan

Rediff.com10 Apr 2019

This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.

3 more UK cities added to Ola's roadmap

3 more UK cities added to Ola's roadmap

Rediff.com30 Mar 2019

Ola, which is now present in seven cities in the UK, said its easy-to-use app would transform commuting experiences in these areas providing the community with greater travel choice as well as quicker and easier access to cabs.

Azim Premji-backed iD Fresh Food shifts focus to organic products

Azim Premji-backed iD Fresh Food shifts focus to organic products

Rediff.com29 Mar 2019

The phase-wise transition of iD Fresh products into organic items has started and will include flagship offerings such as idli and dosa batter and Malabar parotta.

Ola banned in K'taka for 6 months for violating norms

Ola banned in K'taka for 6 months for violating norms

Rediff.com23 Mar 2019

The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.

N/Core to support 30 nonprofit startups

N/Core to support 30 nonprofit startups

Rediff.com22 Mar 2019

The initiative deepens N/Core's multi-year partnership with tech giant Cisco, which has participated in the fund along with Ford Foundation and IRB Infrastructure.

What RCB plans to do with IPL fans

What RCB plans to do with IPL fans

Rediff.com19 Mar 2019

VVirat Kohli's franchise wants to unite fans on an innovative digital community platform.

Azim Premji loosens purse strings further for philanthropy

Azim Premji loosens purse strings further for philanthropy

Rediff.com14 Mar 2019

With the latest action, the value of the philanthropic endowment corpus contributed by Premji is about $21 billion, which includes 67 per cent of the economic ownership of Wipro.

Why Cisco is wooing hi-tech start-ups in India

Why Cisco is wooing hi-tech start-ups in India

Rediff.com11 Mar 2019

It is eyeing the transportation and infrastructure modernisation opportunity in the country, expected to attract $500 billion in investment over the next five years.

20 years later, founders of India's first e-tailer are back 'Again'

20 years later, founders of India's first e-tailer are back 'Again'

Rediff.com8 Mar 2019

Again would offer two variants of double-toned milk with almonds, cashews, dates; and strawberry, chocolate, jaggery - and two variants of double-toned yoghurt - alphonso mango; and carrot, orange, banana.

BEL, Anna Varsity build Patang, a drone with 2-km zoom range

BEL, Anna Varsity build Patang, a drone with 2-km zoom range

Rediff.com27 Feb 2019

The unmanned aerial vehicle has been developed for surveillance and broadcasting and is ready for commercialisation.

Drones steal the show at Aero India 2019

Drones steal the show at Aero India 2019

Rediff.com22 Feb 2019

These unmanned aerial vehicles can fly at high speeds, detect intruders, do aerobatic maneuvers like loops, rolls, spins, and hammerheads effortlessly and communicate with each other intelligently.

Sachin Bansal invests Rs 650 crore in Ola; may join board

Sachin Bansal invests Rs 650 crore in Ola; may join board

Rediff.com20 Feb 2019

With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.

Soon tech maybe the biggest input in your food delivery

Soon tech maybe the biggest input in your food delivery

Rediff.com17 Feb 2019

From using Artificial Learning to Machine Learning to deploying drones food delivery platforms are going all out to reach the extra consumer, says Peerzada Abrar.

Unfazed by legal blocks, Netmeds bets big on digital

Unfazed by legal blocks, Netmeds bets big on digital

Rediff.com8 Feb 2019

Netmeds is looking at using new technologies such as deep learning and data analytics to improve forecasting in terms of the demand of the products for pharma companies, reports Peerzada Abrar.

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