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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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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SoftBank signs indemnity clause over Unicommerce 'promoter' tag
Founders Kunal Bahl, Rohit Bansal enter into agreement to limit liabilities of Softbank
 "SoftBank signs indemnity clause over Unicommerce 'promoter' tag")
Byju's moves Karnataka HC against NCLT order barring second rights issue
The National Company Law Tribunal (NCLT) Bengaluru on June 12 told Byju's to maintain the status quo with regard to existing shareholders and their shareholding
 "Byju's moves Karnataka HC against NCLT order barring second rights issue")
Pine Labs plans $1 billion IPO in India after shift from Singapore
Likely to seek over $6 bn valuation; may go for pre-IPO round
 "Pine Labs plans $1 billion IPO in India after shift from Singapore")
Ronnie Screwvala's Swades Foundation files draft prospectus at SSE
The not-for-profit Swades Foundation is founded by Entrepreneurs and investors Ronnie and Zarina Screwvala
 "Ronnie Screwvala's Swades Foundation files draft prospectus at SSE")
The Pant Project raises $4.25 mn in series-A round led by Sorin Investments
The D2C fashion brand plans to double down on its omnichannel retail strategy and cross Rs 100 crore in revenue within the next 18-24 months
 "The Pant Project raises $4.25 mn in series-A round led by Sorin Investments")
India 'great destination' for tech IPOs, markets welcoming: Binny Bansal
Flipkart co-founder pioneer acknowledges quick commerce model working well despite his scepticism
 "India 'great destination' for tech IPOs, markets welcoming: Binny Bansal")
NCLT directs edtech major Byju's to keep status quo on shareholding
This means that Byju's is restricted from issuing shares and using funds raised from a $200 million rights issue until the tribunal decides the matter
 "NCLT directs edtech major Byju's to keep status quo on shareholding")
India is a better destination for tech IPOs: Binny Bansal to entrepreneurs
Binny Bansal also acknowledged that the quick commerce model is working well in India despite his scepticism
 "India is a better destination for tech IPOs: Binny Bansal to entrepreneurs")
South Park Commons enters India in collaboration with Binny Bansal
In collaboration with Binny Bansal, co-founder of Flipkart, the early-stage fund will provide a supportive environment for India's most talented founders
 "South Park Commons enters India in collaboration with Binny Bansal")
Mattress and furniture maker Wakefit unveils AI-powered sleep solutions
Users will receive reports on sleep stages, respiratory rate, snoring, movement, and overall sleep quality and get an aggregated sleep score
 "Mattress and furniture maker Wakefit unveils AI-powered sleep solutions")
Uber invests in tech-led features to make it safer for riders, drivers
The ride-hailing firm has also built the Centre of Excellence for safety, where teams handle safety issues ranging from a verbal dispute over cash or route to critical incidents like accidents
 "Uber invests in tech-led features to make it safer for riders, drivers")
India's developer population booming, age of AI has begun: GitHub CEO
Dohmke, who is on an India visit, said that by 2027, India will overtake the United States as the largest software developer community on Earth
 "India's developer population booming, age of AI has begun: GitHub CEO")
India will be the global AI leader, says GitHub CEO Thomas Dohmke
Dohmke said there's incredible energy and things are moving and evolving fast in terms of infrastructure, which is a reflection of the country's flourishing software industry
 "India will be the global AI leader, says GitHub CEO Thomas Dohmke")
IPO-bound FirstCry plans to scale up its operations in global markets
The company plans to set up new modern stores and warehouses in the Kingdom of Saudi Arabia (KSA), according to the sources
 "IPO-bound FirstCry plans to scale up its operations in global markets")
Former upGrad executives Kadekar, Konwar launch The Leadership Project
This venture aims to deliver leadership content that is globally relevant while being deeply rooted in India's diverse cultural contexts
 "Former upGrad executives Kadekar, Konwar launch The Leadership Project")
Unacademy cofounder and CTO Hemesh Singh quits the edtech company
After almost a decade of building Unacademy, Singh has decided to move from an executive role to an advisory role
 "Unacademy cofounder and CTO Hemesh Singh quits the edtech company")
NCLAT dismisses plea filed by foreign investors against edtech giant Byju's
NCLAT dismissed an appeal filed by the four investors - MIH EdTech Investments, a subsidiary of Prosus NV, General Atlantic Singapore, Peak XV Partners Operations LLC, and Sofina
E-com giant Amazon to acquire some assets of streaming service MX Player
The company said that the transaction is not yet complete
 "E-com giant Amazon to acquire some assets of streaming service MX Player")
Byju's lenders start bankruptcy proceedings against its US assets
Byju's founders unlawfully diverted $533 million in loan proceeds, the whereabouts of which are still unknown, alleged the lenders
 "Byju's lenders start bankruptcy proceedings against its US assets")
Lenskart raises $200 million in secondary round at $5 billion valuation
Peyush Bansal-led firm continues to deepen its penetration in India while rapidly scaling its international presence in Asia including in Southeast Asia and the Middle East
 "Lenskart raises $200 million in secondary round at $5 billion valuation")