 "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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Marvell to invest $250 million, double India workforce in 3 years
US chipmaker will expand its engineering footprint in Bengaluru and Hyderabad as it steps up research and development for AI, cloud and data infrastructure
 "Marvell to invest $250 million, double India workforce in 3 years")
OfBusiness reports net profit of ₹724 crore in FY26 ahead of planned IPO
SoftBank-backed SME commerce and financing platform turns free cash flow positive in commerce business and crosses ₹10,000 crore in lending assets under management
 "OfBusiness reports net profit of ₹724 crore in FY26 ahead of planned IPO")
Flipkart's Ekart opens nationwide logistics network to third-party biz
The logistics arm will expand through a franchise model and dedicated warehousing, giving businesses access to Flipkart's nationwide fulfilment and delivery network
 "Flipkart's Ekart opens nationwide logistics network to third-party biz")
India's spacetech startups raise $871 million as private sector takes off
Skyroot's orbital launch and unicorn status prove policy reforms fuelled rapid industry growth
 "India's spacetech startups raise $871 million as private sector takes off")
Trade body calls for rollback of FDI in inventory-based ecom policy
CAIT seeks rollback of the new e-commerce FDI export policy, alleging it favours Amazon and Flipkart, while experts say clearer implementation rules are needed
 "Trade body calls for rollback of FDI in inventory-based ecom policy")
Bain Capital to acquire UK vitamins maker Vitabiotics in $1.2 billion deal
The private equity firm will back the 55-year-old company's global expansion, with its Asia team leading growth in India, the Middle East and China
 "Bain Capital to acquire UK vitamins maker Vitabiotics in $1.2 billion deal")
NCLT pauses Byju's insolvency bidding till Aug 31, giving founders relief
The tribunal stayed the bidding process after Byju Raveendran and Riju Ravindran challenged the admission of a ₹11,433 crore claim by US term loan lenders
 "NCLT pauses Byju's insolvency bidding till Aug 31, giving founders relief")
Govt allows Amazon and Flipkart to build inventories for exports
The DPIIT said the restrictions on inventory-based e-commerce models would no longer apply where such entities deal exclusively in exports of goods manufactured or produced in India
 "Govt allows Amazon and Flipkart to build inventories for exports")
Meesho reports narrower loss, says AI is becoming core to business
The company expects AI to lower the cost of innovation, enabling it to build products faster while maintaining disciplined capital allocation and creating long-term value
 "Meesho reports narrower loss, says AI is becoming core to business")
CARPL.ai raises $10 million from IFC to expand radiology AI platform
World Bank Group's private-sector arm leads Series A round as the startup expands its AI marketplace for hospitals and diagnostic centers across global markets
 "CARPL.ai raises $10 million from IFC to expand radiology AI platform")
Ayr Energy files counterclaims against India's Zetwerk in US court
Alleges trade secret theft, seeks import ban, and at least $1 billion in damages; Zetwerk dismisses claims as retaliatory
 "Ayr Energy files counterclaims against India's Zetwerk in US court")
Myntra deploys AI at scale as rivals intensify fashion ecommerce push
The ecommerce major is using AI to cut seller onboarding times, personalise search, speed up support and lift conversions as Nykaa, Amazon and quick commerce rivals close in
 "Myntra deploys AI at scale as rivals intensify fashion ecommerce push")
AI travel startup 30 Sundays raises $6.7 million in Bessemer-led round
The company, which uses conversational AI to plan and book overseas holidays, will use the funds to expand into new markets and grow its engineering team
 "AI travel startup 30 Sundays raises $6.7 million in Bessemer-led round")
Plazza secures $15 million to expand AI-powered medicine delivery
Accel, Elevation Capital and Nexus Venture Partners co-led the Series A round as Plazza expands its AI-powered pharmacy network and inventory intelligence platform
 "Plazza secures $15 million to expand AI-powered medicine delivery")
Cars24 says AI is becoming its operating system as usage surges across biz
SoftBank-backed auto-tech firm processed more than 1.1 trillion AI tokens in the June quarter as AI expanded across engineering, customer support, inspections and lending
 "Cars24 says AI is becoming its operating system as usage surges across biz")
Rize raises $31 mn to grow sustainable rice platform across Southeast Asia
BNP Paribas Asset Management Alts led the Series B round as Rize expands exports, develops AI tools and scales carbon initiatives across Vietnam, Indonesia and other markets
 "Rize raises $31 mn to grow sustainable rice platform across Southeast Asia")
Groyyo raises ₹90 cr to expand AI-powered fashion supply-chain platform
Cornerstone Ventures led the first close of Groyyo's Series B round as the startup plans to expand globally, strengthen its manufacturing network and invest in AI capabilities
AI hardware startup Aina raises $5.5 mn to build next-generation interface
The startup, founded by a former Ultrahuman executive, is developing a context-aware computing interface as AI agents reshape how people interact with smartphones and computers
 "AI hardware startup Aina raises $5.5 mn to build next-generation interface")
AI coding startup Emergent hits $1.5 bn valuation in Series C round
Emergent has raised $130 million at a $1.5 billion valuation as rapid global adoption of its AI-powered software development platform drives strong revenue and user growth
 "AI coding startup Emergent hits $1.5 bn valuation in Series C round")
Google expands AI push in India with enterprise and security tools
At Google I/O Connect India 2026, the company unveiled enterprise AI, cybersecurity and education initiatives while expanding in-country AI infrastructure for businesses
 "Google expands AI push in India with enterprise and security tools")