 "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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Affirma Capital leads $56 mn investment in RMSI to tap AI, mapping growth
The firm's Agastya Capital fund partners with 360 ONE Asset to back the engineering services company's expansion plans
 "Affirma Capital leads $56 mn investment in RMSI to tap AI, mapping growth")
Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO
The eyewear retailer priced shares at the top of its ₹382-₹402 band, drawing strong demand from global funds and India's largest mutual and insurance investors.
 "Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO")
Reliance Jio users to receive ₹35,100 Google AI Pro boost, for free
Jio users to receive 18 months of free Google AI Pro access as telecom giant positions for AI infrastructure business
 "Reliance Jio users to receive ₹35,100 Google AI Pro boost, for free")
Swiggy's loss widens to ₹1,092 crore, Instamart drags despite GOV growth
The company's board of directors is scheduled to meet on November 7, 2025, to consider and approve the raising of funds up to Rs 10,000 crore through public or private offerings.
 "Swiggy's loss widens to ₹1,092 crore, Instamart drags despite GOV growth")
IntrCity SmartBus secures ₹250 crore as India's intercity travel booms
Asset-light aggregator plans to double fleet and reach Rs 1,000 crore revenue as sector grows 10-13% annually
 "IntrCity SmartBus secures ₹250 crore as India's intercity travel booms")
Aakash shareholders clear share capital hike after NCLAT approval
The edtech firm said the capital hike and rights issue are essential to ensure Aakash's operational stability and protect Byju's investment through Think & Learn
 "Aakash shareholders clear share capital hike after NCLAT approval")
SBI's alternative investment funds invest ₹100 cr in Lenskart ahead of IPO
SBI Optimal Equity and Emergent AIFs buy shares from promoter Neha Bansal at ₹402 apiece, joining Radhakishan Damani among investors betting on eyewear retailer's upcoming listing
E-commerce giants adopt fiscal discipline to trim losses, stave off rivals
Firms are tightening spending, optimising supply chains, and expanding into smaller cities, positioning themselves for public listings as post-pandemic demand growth slows
 "E-commerce giants adopt fiscal discipline to trim losses, stave off rivals")
Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation
Lenskart CEO says AI-powered eye testing and tech-led innovation will fuel global expansion as India's largest eyewear firm preps for IPO
 "Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation")
AI-first startups challenge India's $264 billion IT services giants
AI-native startups are reshaping India's IT services landscape as automation drives efficiency and innovation, with the sector projected to touch $400 billion by 2030
 "AI-first startups challenge India's $264 billion IT services giants")
Lenskart eyes ₹70K crore valuation as it plans fifth-largest IPO of 2025
Indian eyewear retailer aims to raise $830 million amid a surge of listings, with plans to expand its retail footprint and invest in technology and brand marketing
 "Lenskart eyes ₹70K crore valuation as it plans fifth-largest IPO of 2025")
Eyewear retailer Lenskart promoters set to cash in on $830 million IPO
SoftBank-backed eyewear giant aims for $8 billion valuation as co-founders and early investors book multibillion-rupee gains
Accel partners with Prosus to co-invest in Indian science-led startups
Firms will match investments up to $2 million in founders building breakthrough technologies from semiconductors to robotics
 "Accel partners with Prosus to co-invest in Indian science-led startups")
Eternal's Deepinder Goyal bets $25 mn on venture to extend human lifespan
Eternal founder Deepinder Goyal's Continue Research aims to extend healthy human function through open-source biological research
 "Eternal's Deepinder Goyal bets $25 mn on venture to extend human lifespan")
AI firm Uniphore secures $260 mn from Nvidia, AMD, Snowflake and Databricks
Uniphore values at $2.5 billion as it boosts its Business AI Cloud platform and ecosystem for enterprise-scale adoption
Venture funding slowed in September quarter; exit activity at 7-year high
Geopolitical uncertainty weighs on new investment, but strong IPO activity drives record exit value, says KPMG report
 "Venture funding slowed in September quarter; exit activity at 7-year high")
UnifyApps raises $50 mn to scale AI platform for enterprise automation
WestBridge leads Series B as UnifyApps ramps up its AI-native platform, expands in Europe, and deepens enterprise integrations to unify automation workflows
 "UnifyApps raises $50 mn to scale AI platform for enterprise automation")
Premium products, fast deliveries fuel ecommerce boom during Diwali
Amazon, Flipkart, Instamart, Zepto report sales surge across smartphones, gold coins
 "Premium products, fast deliveries fuel ecommerce boom during Diwali")
Flipkart-backed Shadowfax gains regulatory approval for IPO in India
Logistics firm clears Sebi hurdle to launch offering estimated at up to ₹2,500 crore; updated draft prospectus expected soon as company targets valuation near ₹8,500 crore
 "Flipkart-backed Shadowfax gains regulatory approval for IPO in India")
Meesho files updated IPO papers, aims to raise up to $800 million
E-commerce firm targets December IPO as filing details equity structure, investor stake sales via offer for sale.
 "Meesho files updated IPO papers, aims to raise up to $800 million")