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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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")
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")
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")
