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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Nodwin Gaming to increase its ownership in Freaks 4U in Rs 271 cr deal
By integrating Freaks 4U Gaming's expertise and resources, Nodwin is poised to expand its global footprint in the gaming and esports industries, says Akshat Rathee, co-founder of Nodwin Gaming
 "Nodwin Gaming to increase its ownership in Freaks 4U in Rs 271 cr deal")
Online pharmacy players look for regulatory framework for industry
A division bench of the Madras HC has set aside an earlier order that disallowed them to engage in digital sale of medicines
 "Online pharmacy players look for regulatory framework for industry")
Negative one to zero: Can South Park Commons become India's Y-Combinator?
South Park Commons is a tech startup community and early stage venture fund
 "Negative one to zero: Can South Park Commons become India's Y-Combinator?")
Indian fashion brands are becoming hot bets for venture capital firms
The fashion and lifestyle space is India's second largest consumer category, valued at $110 billion with approximately 10 per cent online at $11 billion
 "Indian fashion brands are becoming hot bets for venture capital firms")
Bharat Innovation Fund co-founder foresees global reach of Indian deep tech
India's deep tech sector has surged to over 4,500 firms, with strong government support and policy initiatives. But access to capital remains a challenge for startups in this sector
 "Bharat Innovation Fund co-founder foresees global reach of Indian deep tech")
Two Brothers Organic Farms raises Rs 58.25 crore in Series-A round
This funding would help the brand grow its market presence in India and the United States and promote the adoption of organic food
 "Two Brothers Organic Farms raises Rs 58.25 crore in Series-A round")
Dairy startup co Sid's Farm raises $10 million in Series A Round
Sid's Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities
 "Dairy startup co Sid's Farm raises $10 million in Series A Round")
Prosus writes off investment in Byju's, records $493 million loss
This would be perhaps the first such large write-off announced by a large institutional investor in India
 "Prosus writes off investment in Byju's, records $493 million loss")
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
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")
