 "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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Venturi Partners invests $25 million in affordable footwear brand JQR
This funding will allow JQR to expand its offline presence to new markets as well as launch its online channel
 "Venturi Partners invests $25 million in affordable footwear brand JQR")
Razorpay marks 10 years, targets about $400 billion in TPV by 2030
The company's next target is focused on transforming the payment experience for more than 1 billion consumers
 "Razorpay marks 10 years, targets about $400 billion in TPV by 2030")
Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%
Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)
 "Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%")
Cognida.ai raises $15 million to transform enterprise AI adoption
Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable
 "Cognida.ai raises $15 million to transform enterprise AI adoption")
TrueFoundry secures $19 million to transform AI deployment at scale
The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles
 "TrueFoundry secures $19 million to transform AI deployment at scale")
US-based AI company Phenom acquires talent mobility platform EDGE
Phenom aims to double its workforce within the next two years across its existing offices in Hyderabad, Vizag, and Bengaluru
 "US-based AI company Phenom acquires talent mobility platform EDGE")
Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%
Swiggy's food delivery business gross order value (GOV) grew 19.2 per cent Y-o-Y to Rs 7,436 crore
 "Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%")
Flipkart's chief product and technology officer Venugopal steps down
Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring
 "Flipkart's chief product and technology officer Venugopal steps down")
Edtech company Great Learning launches AI Mentor and AI Teacher
Since its rollout across select cohorts of learners over the past few months, the AI Mentor has made a significant impact, with over 400,000 coding hints generated
 "Edtech company Great Learning launches AI Mentor and AI Teacher")
Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding
In a seed round, a startup raises funds to establish its business. The firm plans to use this fund to scale production capabilities, team expansion and research and development
 "Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding")
VC investors take leading role in guiding startups through AI disruption
From advising on strategic integrations to connecting with top-tier AI talent, VCs are offering more than just capital
 "VC investors take leading role in guiding startups through AI disruption")
Tech leaders, startup founders, investors welcome Budget 2025-26
The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore
 "Tech leaders, startup founders, investors welcome Budget 2025-26")
Good Glamm Group looks to raise Rs 250 crore amid financial challenges
Sources privy to the development said that the company is actively streamlining its operations to address various challenges
 "Good Glamm Group looks to raise Rs 250 crore amid financial challenges")
Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round
Prosus Ventures, Accel, and Tiger Global lead the round, backed by prominent domestic family offices
 "Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round")
Ola Electric unveils S1 Gen 3 portfolio, launches 8 new scooters
Ola Electric said the Gen 3 platform delivers the next level of performance, efficiency, safety, and reliability
 "Ola Electric unveils S1 Gen 3 portfolio, launches 8 new scooters")
Indian food services market projected to hit $144-152 bn by 2030: Report
Consumers in metro and Tier-I cities are increasingly opting to order in and dine out, driven by convenience and a desire for a break from routine
 "Indian food services market projected to hit $144-152 bn by 2030: Report")
SuperOps secures $25 mn in Series to drive AI innovation, expand Globally
SuperOps also unveils Monica, a hyper-contextual AI super agent that empowers smarter, faster business decision-making
 "SuperOps secures $25 mn in Series to drive AI innovation, expand Globally")
Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
Company provides services for studying abroad, has raised $200 million in equity since 2019
 "Edtech startup Leap raises $65 mn in Series E round led by Apis Partners")
Whizzo raises $4.2 mn from Lightspeed to transform textile manufacturing
The investment will advance Whizzo's materials science R&D, establish a cutting-edge design lab for fashion textiles, and boost its supply chain across India, Vietnam, China, Bangladesh, and Indonesia
 "Whizzo raises $4.2 mn from Lightspeed to transform textile manufacturing")
Atomicwork raises $25 mn to transform enterprise IT with Agentic AI
The Series A funding will fuel the scaling of enterprise AI agents, expand go-to-market (GTM) efforts, and enhance platform integrations for seamless scalability
 "Atomicwork raises $25 mn to transform enterprise IT with Agentic AI")