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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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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Ola Electric unveils update of operating system to boost fleet performance
India's largest e2W-maker launches MoveOS 5 with enhanced range and customisation features as it battles rivals, including Ather and Bajaj Auto
 "Ola Electric unveils update of operating system to boost fleet performance")
Amazon banks on India's smaller cities ahead of first 3-day Prime Day sale
With a Rs 2,000 crore investment, Amazon targets smaller cities, expanding its fulfillment and delivery network to fuel growth, as it prepares for its first three-day Prime Day sale from July 12-14
 "Amazon banks on India's smaller cities ahead of first 3-day Prime Day sale")
Flipkart takes quick commerce beyond metros, aims for 800 dark stores
Company targets tier-2 and tier-3 cities with its Flipkart Minutes service, doubling business every 45 days and aiming to scale up before festive season
 "Flipkart takes quick commerce beyond metros, aims for 800 dark stores")
Aakash Educational escalates tussle with EY over professional misconduct
Indian test-prep company claims consulting giant advised rival Allen Career Institute while handling its own financial affairs and Byju's insolvency case
 "Aakash Educational escalates tussle with EY over professional misconduct")
Visioning expansion: IPO-bound Lenskart sets sights on AI glasses
The investment gives Lenskart access to Ajna's XR and AI tech as it plans to launch consumer-focused smart eyewear and raise $1 billion at a $10 billion valuation
 "Visioning expansion: IPO-bound Lenskart sets sights on AI glasses")
Myntra bets on video content to tap into India's $300 bn influencer economy
Walmart-owned Myntra launches Glamstream, a video-led platform featuring 100+ celebrities, aiming to double creator-led revenue within two years and tap into India's $300bn influencer-driven economy
 "Myntra bets on video content to tap into India's $300 bn influencer economy")
E-commerce firm Meesho files confidentially for Rs 4,250 crore India IPO
The move comes as Meesho has emerged as India's third-largest ecommerce platform, reaching a gross merchandise value run rate of $6.2 billion for 2024-25 (FY25)
 "E-commerce firm Meesho files confidentially for Rs 4,250 crore India IPO")
Beauty unicorn Good Glamm Group struggles to pay staff amid cash crunch
The Mumbai-based company has delayed employee salaries while seeking new funding, as three board directors from major VCs recently departed
 "Beauty unicorn Good Glamm Group struggles to pay staff amid cash crunch")
Amazon India's Prime Day returns on July 12-14 with 72-hour mega sale
Amazon Prime Day 2025 will run from July 12 to 14 with offers on electronics, fashion, appliances and more as the e-tailer pushes for expansion in non-metro regions
 "Amazon India's Prime Day returns on July 12-14 with 72-hour mega sale")
Flipkart-backed Shadowfax Technologies files for Rs 2,500 crore IPO
Shadowfax aims for Rs 8,500 crore valuation after reducing losses by 92 per cent; IPO proceeds to fund capacity expansion and network investments
 "Flipkart-backed Shadowfax Technologies files for Rs 2,500 crore IPO")
Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO
Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion
 "Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO")
Aukera raises $15 million to expand lab-grown diamond jewellery brand
With $15 million from Peak XV and others, Aukera plans to grow its lab-grown diamond brand as India's $350 mn market sees 15 per cent annual growth
 "Aukera raises $15 million to expand lab-grown diamond jewellery brand")
Eggoz raises $20 mn in series-C funding to scale India's branded egg biz
Startup targets fragmented market where over 90 per cent of eggs are sold loose, seeking to build consumer trust through quality and traceability
 "Eggoz raises $20 mn in series-C funding to scale India's branded egg biz")
Dubai taps Indian talent as it races to be global AI capital by 2031
As part of its goal to become the AI capital by 2031, Dubai is inviting Indian startups, entrepreneurs and professionals to accelerate its digital and tech transformation
 "Dubai taps Indian talent as it races to be global AI capital by 2031")
Startups use AI, omnichannel push to expand globally, reach deeper locally
A report by Meta in collaboration with Alvarez & Marsal India outlines six key strategies fueling scale, as young firms expand globally and deepen domestic reach
 "Startups use AI, omnichannel push to expand globally, reach deeper locally")
Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores
Wakefit plans to raise Rs 468.2 crore via IPO, with a fresh issue and partial exit by promoters and investors as it expands store network and marketing efforts
 "Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores")
AI-startup ShopOS raises $20 million from Binny Bansal-led 3STATE Ventures
The AI-powered platform plans to use the capital to grow its engineering team, enhance product development, and expand its global base of e-commerce brand partners
 "AI-startup ShopOS raises $20 million from Binny Bansal-led 3STATE Ventures")
Amazon adds five fulfillment centres in India ahead of Prime Day
With Prime Day 2025 set for 12-14 July, Amazon expands logistics with new fulfilment centres; Flipkart launches seller success programme for new entrepreneurs
Amazon's anti-counterfeit team secures $180 mn in global penalties
Launched in 2020, Amazon's Counterfeit Crimes Unit has expanded to 12 countries, blocked fake listings, and led to civil and criminal actions with global law enforcement
India's digital economy is primed for significant expansion: Bessemer
Titled "Click, Watch, Shop: The Consumer Opportunity in India," the report outlines how a convergence of technological advances, demographic shifts, and favorable policy developments
 "India's digital economy is primed for significant expansion: Bessemer")