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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Visioning expansion: IPO-bound Lenskart sets sights on AI glasses
The investment gives Lenskart access to Ajna's XR and AI tech as it plans to launch consumer-focused smart eyewear and raise $1 billion at a $10 billion valuation
 "Visioning expansion: IPO-bound Lenskart sets sights on AI glasses")
E-commerce firm Meesho files confidentially for Rs 4,250 crore India IPO
The move comes as Meesho has emerged as India's third-largest ecommerce platform, reaching a gross merchandise value run rate of $6.2 billion for 2024-25 (FY25)
 "E-commerce firm Meesho files confidentially for Rs 4,250 crore India IPO")
Beauty unicorn Good Glamm Group struggles to pay staff amid cash crunch
The Mumbai-based company has delayed employee salaries while seeking new funding, as three board directors from major VCs recently departed
 "Beauty unicorn Good Glamm Group struggles to pay staff amid cash crunch")
Amazon India's Prime Day returns on July 12-14 with 72-hour mega sale
Amazon Prime Day 2025 will run from July 12 to 14 with offers on electronics, fashion, appliances and more as the e-tailer pushes for expansion in non-metro regions
 "Amazon India's Prime Day returns on July 12-14 with 72-hour mega sale")
Flipkart-backed Shadowfax Technologies files for Rs 2,500 crore IPO
Shadowfax aims for Rs 8,500 crore valuation after reducing losses by 92 per cent; IPO proceeds to fund capacity expansion and network investments
 "Flipkart-backed Shadowfax Technologies files for Rs 2,500 crore IPO")
Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO
Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion
 "Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO")
Aukera raises $15 million to expand lab-grown diamond jewellery brand
With $15 million from Peak XV and others, Aukera plans to grow its lab-grown diamond brand as India's $350 mn market sees 15 per cent annual growth
 "Aukera raises $15 million to expand lab-grown diamond jewellery brand")
Eggoz raises $20 mn in series-C funding to scale India's branded egg biz
Startup targets fragmented market where over 90 per cent of eggs are sold loose, seeking to build consumer trust through quality and traceability
 "Eggoz raises $20 mn in series-C funding to scale India's branded egg biz")
Dubai taps Indian talent as it races to be global AI capital by 2031
As part of its goal to become the AI capital by 2031, Dubai is inviting Indian startups, entrepreneurs and professionals to accelerate its digital and tech transformation
 "Dubai taps Indian talent as it races to be global AI capital by 2031")
Startups use AI, omnichannel push to expand globally, reach deeper locally
A report by Meta in collaboration with Alvarez & Marsal India outlines six key strategies fueling scale, as young firms expand globally and deepen domestic reach
 "Startups use AI, omnichannel push to expand globally, reach deeper locally")
Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores
Wakefit plans to raise Rs 468.2 crore via IPO, with a fresh issue and partial exit by promoters and investors as it expands store network and marketing efforts
 "Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores")
AI-startup ShopOS raises $20 million from Binny Bansal-led 3STATE Ventures
The AI-powered platform plans to use the capital to grow its engineering team, enhance product development, and expand its global base of e-commerce brand partners
 "AI-startup ShopOS raises $20 million from Binny Bansal-led 3STATE Ventures")
Amazon adds five fulfillment centres in India ahead of Prime Day
With Prime Day 2025 set for 12-14 July, Amazon expands logistics with new fulfilment centres; Flipkart launches seller success programme for new entrepreneurs
Amazon's anti-counterfeit team secures $180 mn in global penalties
Launched in 2020, Amazon's Counterfeit Crimes Unit has expanded to 12 countries, blocked fake listings, and led to civil and criminal actions with global law enforcement
India's digital economy is primed for significant expansion: Bessemer
Titled "Click, Watch, Shop: The Consumer Opportunity in India," the report outlines how a convergence of technological advances, demographic shifts, and favorable policy developments
 "India's digital economy is primed for significant expansion: Bessemer")
Data sharing platform Equal named among WEF's top 100 global tech pioneers
The fintech startup has been recognised by the World Economic Forum for its secure, consent-based infrastructure powering KYC and data sharing across financial services
 "Data sharing platform Equal named among WEF's top 100 global tech pioneers")
AI is reshaping India's VC landscape as firms automate deal sourcing
Machine learning tools help investors identify promising startups from rural areas and smaller cities, challenging traditional network-based investment approaches across the country
 "AI is reshaping India's VC landscape as firms automate deal sourcing")
Amazon India extends Prime Day to 3 days as it pushes into smaller cities
Amazon India expands Prime Day 2025 to three days, boosts logistics and delivery to deepen Prime adoption in smaller cities and tap rising quick-commerce demand
 "Amazon India extends Prime Day to 3 days as it pushes into smaller cities")
Fast and now under fire: Quick-commerce firms face heat from regulators
According to a report by Blume Ventures, an early-stage venture fund, India's qcom market surged from $300 million in FY22 to an expected $7.1 billion in FY25
 "Fast and now under fire: Quick-commerce firms face heat from regulators")
Amazon India extends Prime Day to 3 days as it pushes into smaller cities
Amazon India expands Prime Day 2025 to three days, boosts logistics and delivery to deepen Prime adoption in smaller cities and tap rising quick-commerce demand
