 "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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Byju Raveendran faces legal risks after US court ruling on fund fraud
Lenders may argue that as the ultimate decision-maker, Raveendran had knowledge of or actively participated in the diversion of funds, potentially justifying a 'corporate veil-piercing' claim
 "Byju Raveendran faces legal risks after US court ruling on fund fraud")
Ola Electric likely to lay off over 1,000 employees to reduce losses
The layoff news saw the SoftBank Group-backed firm's stock hit a 52-week low in intraday trading
 "Ola Electric likely to lay off over 1,000 employees to reduce losses")
Have 5-6 portfolio firms planning IPOs: ChrysCapital's Sanjay Kukreja
The common thread is backing grounded founders who are hands-on and have a relentless focus on execution
 "Have 5-6 portfolio firms planning IPOs: ChrysCapital's Sanjay Kukreja")
AI venture Krutrim struggles with senior talent exits over the past year
Bengaluru-based Krutrim has about 1000 employees and about 20 people including executives and senior employees may have left in the last one year, according to the sources
 "AI venture Krutrim struggles with senior talent exits over the past year")
US court finds Riju Ravindran, Camshaft, Think & Learn guilty of fraud
Think & Learn Pvt Ltd (Byju's) unlawfully orchestrated and benefited from a fraudulent scheme. Sham hedge fund Camshaft Capital facilitated the fraudulent scheme to defraud term loan lenders
 "US court finds Riju Ravindran, Camshaft, Think & Learn guilty of fraud")
Byju Raveendran accuses IRP, EY India, Glas Trust of criminal collusion
Raveendran alleges he and employees received proof of criminal collusion involving EY India, GLAS Trust, and the IRP, urging authorities to investigate the evidence
Ola Electric sells 25,000 units in February, retains 28% market share
The electric vehicle (EV) maker said this was backed by a strong S1 portfolio and a sales-and-service network of 4,000 stores across the country
 "Ola Electric sells 25,000 units in February, retains 28% market share")
Electric scooter maker Ather Energy expands facility to boost R&D
Spanning 38,692 sq ft, the facility is designed to validate durability and safety across vehicle, system, and component levels
 "Electric scooter maker Ather Energy expands facility to boost R&D")
Swiggy to invest Rs 1K crore in Scootsy Logistics in one or more tranches
This investment is for working capital and other capital expenditures as part of the company's business expansion, said the food and grocery delivery firm
 "Swiggy to invest Rs 1K crore in Scootsy Logistics in one or more tranches")
Flipkart Ventures picks AI startups for third accelerator programme
Companies will get financing and business advice from e-commerce giant's leaders
 "Flipkart Ventures picks AI startups for third accelerator programme")
ZEISS India teams up with IISc to advance AI research in eyecare
This collaboration will propel improvements in eyecare solutions from India for the world, considering the rising prevalence of vision impairments worldwide
 "ZEISS India teams up with IISc to advance AI research in eyecare")
Meesho launches 'creator marketplace' to ramp up influencer-driven traffic
The e-commerce firm is partnering with creators who resonate with the diverse lifestyles of its 187 million annual transacting users
 "Meesho launches 'creator marketplace' to ramp up influencer-driven traffic")
Singulr AI raises $10 mn led by Nexus Venture, Dell Technologies Capital
Singulr is helping enterprises rapidly adopt and operationalise powerful new AI technologies while managing costs and minimising risk.
 "Singulr AI raises $10 mn led by Nexus Venture, Dell Technologies Capital")
Pocket Entertainment launches AI-powered comics platform, Pocket Toons
The company is leveraging AI to produce content 20x faster at a third of the cost, making high-quality comics more accessible than ever
 "Pocket Entertainment launches AI-powered comics platform, Pocket Toons")
Spyne raises $16 million Series A to drive US expansion, AI innovation
This investment will fuel Spyne's growth trajectory, focusing on aggressive expansion in the US and developing its next-generation AI solutions designed to transform automotive retail
 "Spyne raises $16 million Series A to drive US expansion, AI innovation")
IPO-bound Udaan raises $75 million from M&G, Lightspeed, and others
Udaan co-founder and chief executive officer Vaibhav Gupta said that the company was in advanced talks to close an additional equity round of $25 million from potential investors in the coming quarter
 "IPO-bound Udaan raises $75 million from M&G, Lightspeed, and others")
AI can be a game changer in personalised learning: Great Learning CEO
In a video interview with Peerzada Abrar, Lakhamraju highlighted the high costs of top-tier education, where the best teachers are typically found at prestigious universities
 "AI can be a game changer in personalised learning: Great Learning CEO")
Roses, chocolates, jewellery: Ecommerce gets Valentine's Week push
India's gifting habits are evolving rapidly, with online platforms playing a central role in festive and occasion-based shopping
 "Roses, chocolates, jewellery: Ecommerce gets Valentine's Week push")
Invest Karnataka 2025 wraps up with Rs 10.27 trillion commitment
Nearly 75 per cent of these investments are outside the Bengaluru district, with more than 45 per cent concentrated in North Karnataka
 "Invest Karnataka 2025 wraps up with Rs 10.27 trillion commitment")
Ola Consumer turns Ebitda profitable; revenue declines 21% in FY24
Full-year Ebitda (excluding discontinued operations) grew significantly to Rs 271 crore from Rs 87 crore last year
 "Ola Consumer turns Ebitda profitable; revenue declines 21% in FY24")