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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Harness raises $240 million to speed up AI-driven software delivery
Goldman Sachs Alternatives leads $200 million investment, valuing the platform company at $5.5 billion as demand surges for automated code-to-production workflows
 "Harness raises $240 million to speed up AI-driven software delivery")
GVFL leads $12 million round in renewable-energy firm Soleos Solar Energy
Funding to support expansion into storage, group-captive projects as Soleos pushes toward round-the-clock clean-power solutions
 "GVFL leads $12 million round in renewable-energy firm Soleos Solar Energy")
Uber expands into B2B logistics, adds metro ticketing in Bengaluru via ONDC
Uber has entered B2B logistics in Bengaluru through Uber Direct, integrated Namma Metro ticketing on its app, both powered by ONDC, as it builds multi-service mobility and commerce offerings in India
 "Uber expands into B2B logistics, adds metro ticketing in Bengaluru via ONDC")
Elecbits secures $5.5 million to boost electronics design and manufacturing
Elecbits has raised $5.5 million in a Series A round led by Nexus Venture Partners, with SE Ventures and Riverwalk Holdings, to scale its AI-powered Elecbits XOR platform
 "Elecbits secures $5.5 million to boost electronics design and manufacturing")
BYT Capital launches ₹180 crore deep-tech fund to back frontier innovation
BYT Capital has launched a ₹180 crore Category II AIF focused on deep-tech, targeting 18-20 startups with ₹3-6 crore initial cheques and a 55 per cent follow-on reserve
 "BYT Capital launches ₹180 crore deep-tech fund to back frontier innovation")
Delaware court reverses $1 billion judgment against Byju Raveendran
Court agreed that damages had not been determined and ordered a new phase to commence in early January 2026 to determine any damages related to claims against Raveendran
 "Delaware court reverses $1 billion judgment against Byju Raveendran")
Transition VC closes oversubscribed ₹700 crore debut fund at final close
Backed by strategic LPs, Transition VC says its debut fund has crossed target to close at ₹700 crore, with early portfolio traction and plans under way for a second fund
 "Transition VC closes oversubscribed ₹700 crore debut fund at final close")
Meesho debuts on NSE, BSE; Prosus to hold 11.2% stake after listing
Prosus keeps an 11.2% stake after the closely watched listing, adding to a string of Indian tech IPOs
 "Meesho debuts on NSE, BSE; Prosus to hold 11.2% stake after listing")
Half of our AI roadmap is being driven by our team in India: Diligent CEO
Stafford on building AI-powered compliance tools in Bengaluru and the future of governance technology
 "Half of our AI roadmap is being driven by our team in India: Diligent CEO")
Ecom firms eye the next 500 million shoppers, chase Meesho's playbook
The Indian consumers' focus on value has pushed Amazon to develop tools such as value dashboards and gamified in-app experiences - innovations now being adopted in other markets
 "Ecom firms eye the next 500 million shoppers, chase Meesho's playbook")
Emergent secures strategic investment from Google's AI Futures Fund
Agentic vibe-coding platform lets anyone build professional software, no coding skills required
 "Emergent secures strategic investment from Google's AI Futures Fund")
Drone delivery could make a big impact in India: Geodnet cofounder
Network offers cm-level accuracy for autonomous vehicles and drones; plans local hardware production and rural coverage expansion
 "Drone delivery could make a big impact in India: Geodnet cofounder")
AceVector files updated IPO papers, targets ₹300 crore fresh issue
AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may
 "AceVector files updated IPO papers, targets ₹300 crore fresh issue")
Nexus raises $700 million fund to back AI, consumer, fintech startups
Nexus Venture Partners has closed its $700-million Fund VIII to invest in early-stage AI, enterprise software, consumer and fintech startups across India and the US
 "Nexus raises $700 million fund to back AI, consumer, fintech startups")
Flipkart names former Meta executive Dan Neary to board ahead of IPO plans
Flipkart has appointed former Meta executive Dan Neary to its board as it readies a potential IPO filing, signalling push on governance, innovation & operational discipline ahead of a planned listing
 "Flipkart names former Meta executive Dan Neary to board ahead of IPO plans")
Marvell has one-fourth of its workforce in India: Country head Bishnoi
Marvell's India country head on how India has become the company's second-largest R&D hub, contributing to 90% of product lines and driving custom silicon for AI infrastructure
 "Marvell has one-fourth of its workforce in India: Country head Bishnoi")
E-commerce firm Meesho's ₹2,439 cr anchor book sees 30x oversubscription
This is led by SBI MF, GIC, Fidelity, BlackRock, Axis MF, Aditya Birla MF and prominent tech investors like Dragoneer
India a crown jewel for us as far as impact is concerned: Binance's Seker
Binance's APAC head says India is the fastest-growing digital asset market globally despite regulatory uncertainty, with explosive potential driven by mobile penetration and savvy users
 "India a crown jewel for us as far as impact is concerned: Binance's Seker")
Think & Learn RP, GLAS representative, EY India chief summoned by Kerala HC
Executives have been directed to appear on Dec. 5 by Kerala High Court
 "Think & Learn RP, GLAS representative, EY India chief summoned by Kerala HC")
Eyewear retailer Lenskart posts 20% profit gain, eyes $17 billion market
Eyewear retailer reports strong quarterly results, sees growth driven by first-time users, expanding prescription demand and upcoming smart glasses launch
 "Eyewear retailer Lenskart posts 20% profit gain, eyes $17 billion market")
