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.
Page 19 - Peerzada Abrar
Snabbit raises $19 mn to expand on-demand home services across India
Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services
 "Snabbit raises $19 mn to expand on-demand home services across India")
Saarathi Finance raises ₹475 cr to boost MSME lending in rural India
TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crore
 "Saarathi Finance raises ₹475 cr to boost MSME lending in rural India")
Myntra raises ₹1,062 cr from parent firm in fresh capital infusion
The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31
 "Myntra raises ₹1,062 cr from parent firm in fresh capital infusion")
Unacademy co-founders may step back, refocus on new edtech venture Airlearn
Gaurav Munjal and Roman Saini are set to step back from Unacademy's operations as the firm prepares a leadership shift and spins off its language platform Airlearn
 "Unacademy co-founders may step back, refocus on new edtech venture Airlearn")
AWS backs India's $1 trillion digital economy push with Generative AI
Satinder Pal Singh of AWS India explains how cloud and AI tools are helping enterprise, startups and public platforms scale innovation across key sectors
 "AWS backs India's $1 trillion digital economy push with Generative AI")
Fleetx raises ₹113 crore in Series C, aims for profitability and IPO
Fleetx will use the fresh capital to enhance product capabilities, double ARR, expand enterprise sales, and move towards profitability and IPO readiness within a year
 "Fleetx raises ₹113 crore in Series C, aims for profitability and IPO")
Citykart raises Rs 538 crore in Series B round led by TPG NewQuest, A91
The funding will support Citykart's expansion across India's underserved markets or Bharat, with plans to scale operations, invest in innovation, and strengthen organisational capabilities
 "Citykart raises Rs 538 crore in Series B round led by TPG NewQuest, A91")
Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans
Krishnamurthy called Flipkart's plan to shift its legal domicile to India a "statement of intent" and a significant step toward aligning more closely with India's economic and regulatory landscape
 "Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans")
Myntra taps Google Cloud's AI to elevate home decor shopping journey
Dream Room Inspirations uses generative AI and Imagen 3 to help shoppers visualise personalised interiors, boosting Myntra's push into the home category
 "Myntra taps Google Cloud's AI to elevate home decor shopping journey")
Info Edge shareholders approve ₹1,000-cr investment in venture fund III
The Noida-based firm aims to boost early-stage startup backing, strengthening its role in India's expanding venture capital market with Fund III
 "Info Edge shareholders approve ₹1,000-cr investment in venture fund III")
Flipkart expands quick commerce to tier-2 and tier-3 cities nationwide
Flipkart Minutes aims to scale rapidly to 800 dark stores by year-end, using existing logistics to reach smaller cities and challenge Blinkit, Instamart, and Zepto
 "Flipkart expands quick commerce to tier-2 and tier-3 cities nationwide")
Ecom cowboy: How Amazon's Kumar follows Bezos' fast and fearless philosophy
An Amazon veteran, Kumar swears by Jeff Bezos philosophy of moving fast, taking risks, and not fearing failure
 "Ecom cowboy: How Amazon's Kumar follows Bezos' fast and fearless philosophy")
Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus
"My intention is to invest a few billion dollars more in India," Bloisi told Business Standard during a media roundtable
 "Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus")
E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities
Flipkart's ethnic wear and Amazon's Serve store are driving fashion growth in Tier 2 and 3 cities with rising Gen Z demand and expanding customer bases
 "E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities")
PierSight gains strategic investors to grow satellite maritime surveillance
Backed by Sustainable Ocean Alliance and CE-Ventures, PierSight aims to scale its SAR satellite constellation, boost ocean intelligence, and grow its engineering team
 "PierSight gains strategic investors to grow satellite maritime surveillance")
Prosus CEO Bloisi visits India to launch flagship 'Luminate' event series
Bengaluru hosts Prosus's inaugural Luminate forum as the firm strengthens its ties with India's tech ecosystem and explores AI, digital commerce, and frontier tech
 "Prosus CEO Bloisi visits India to launch flagship 'Luminate' event series")
Razorpay, MeitY Startup Hub partner to boost India's deep-tech startups
Initiative aims to support early-stage ventures with fintech tools, mentorship and infrastructure - especially in Tier 2 and Tier 3 cities
 "Razorpay, MeitY Startup Hub partner to boost India's deep-tech startups")
Focusing on how ageing millennials look at wellness: Fireside's Vinay Singh
With ₹3,000 crore under management, Fireside Ventures sees emerging consumer cohorts and tech-driven wellness as key to India's evolving consumer brand landscape
 "Focusing on how ageing millennials look at wellness: Fireside's Vinay Singh")
Myntra launches Myntra Global in Singapore, targets Indian diaspora
Myntra Global, Indian fashion, Singapore launch, Nandita Sinha, Walmart, cross-border shopping, Indian diaspora, online retail, made-in-India, fashion exports
 "Myntra launches Myntra Global in Singapore, targets Indian diaspora")
Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww
The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion
 "Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww")