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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Tiger Global offloads entire 5.09% Ather Energy stake for ₹1,204 crore
Tiger Global has sold its entire 5.09% stake in Ather Energy for ₹1,204 crore, exiting months after the EV maker's IPO even as the company's valuation nearly doubled to ₹24,800 crore
 "Tiger Global offloads entire 5.09% Ather Energy stake for ₹1,204 crore")
Ola Electric's auto segment posts first-ever operating profit in Q2 FY26
Gross margins in the auto business expanded 510 basis points sequentially to 30.7 per cent, outperforming most internal combustion engine (ICE) two-wheeler manufacturers
 "Ola Electric's auto segment posts first-ever operating profit in Q2 FY26")
Giga raises $61 million to scale AI-driven customer support platform
Series A round led by Redpoint Ventures will help expand the technical team and accelerate enterprise deployments of Giga's AI customer support agents
 "Giga raises $61 million to scale AI-driven customer support platform")
Lenskart opens smart-glasses platform to developers in AI wearables push
The eyewear firm aims to build an AI-driven wearable ecosystem with its 'B by Lenskart' smart-glasses platform, inviting Indian developers to innovate
 "Lenskart opens smart-glasses platform to developers in AI wearables push")
MeshDefend raises $2.3 million to bring AI intelligence to enterprise data
Kalaari Capital leads the pre-seed round as the startup, founded by former Dell executives, builds an AI-native platform to secure and automate enterprise data infrastructure
 "MeshDefend raises $2.3 million to bring AI intelligence to enterprise data")
Lighthouse Canton secures $40 million from Peak XV to fuel global expansion
The investment firm's first external raise will fund technology upgrades, senior hires, and market growth across Asia, the Middle East, and Europe
 "Lighthouse Canton secures $40 million from Peak XV to fuel global expansion")
AI marketing firm MoEngage secures $100 mn funding for global growth
Customer engagement platform plans to expand its technology suite and teams
 "AI marketing firm MoEngage secures $100 mn funding for global growth")
Smaller cities drive Flipkart's festive surge as e-commerce spreads wider
Flipkart's festive-season growth is being powered by sellers from smaller cities such as Surat, Meerut, and Lucknow, marking the deepening reach of India's digital commerce ecosystem.
 "Smaller cities drive Flipkart's festive surge as e-commerce spreads wider")
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")
Delhivery moves over ₹19,000 crore in goods amid record festive surge
India's largest logistics firm handles over 107 million shipments in October as e-commerce orders soar during the 2025 festive season
 "Delhivery moves over ₹19,000 crore in goods amid record festive surge")
India taps IISc as centre of excellence to boost critical minerals research
The Ministry of Mines has chosen IISc Bengaluru as a key hub for research and innovation in critical minerals, strengthening India's self-reliance in clean energy, defence, and advanced technologies.
 "India taps IISc as centre of excellence to boost critical minerals research")
Urban Company reports 37% revenue growth as core business stays profitable
Adjusted Ebitda loss of ₹35 crore driven by investments in new vertical Insta Help; international markets achieve breakeven
 "Urban Company reports 37% revenue growth as core business stays profitable")
Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge
The Flipkart-backed logistics firm will use proceeds to expand infrastructure and branding after processing over 436 million orders in FY25
 "Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge")
Uber rides festive surge in India as courier demand hits record high
Strong growth in Uber Courier and Courier XL fuels expansion plans into 10 more cities next year, highlighting India's rising appetite for on-demand delivery
 "Uber rides festive surge in India as courier demand hits record high")
Pluro secures ₹125 crore Series A funding led by Bessemer Venture Partners
The company raised the funds at a valuation of Rs 1,000 crore, which will help it expand its network of fertility specialists, invest in technology, and deepen clinical capabilities
 "Pluro secures ₹125 crore Series A funding led by Bessemer Venture Partners")
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")
