 "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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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 their 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, where he covered the entrepreneurship ecosystem, start-ups, 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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Shiprocket's ₹1,617.5-crore IPO to open Aug 12; price band fixed at ₹92-97
The e-commerce enablement platform will open its public offering on August 12, with the issue valuing the company at up to ₹7,056 crore
 "Shiprocket's ₹1,617.5-crore IPO to open Aug 12; price band fixed at ₹92-97")
India's ₹124.9 trn MSME procurement mkt offers digital growth opportunity
Four in five small businesses expect online sourcing to drive growth over the next three years, highlighting a vast opportunity for digital procurement platforms
 "India's ₹124.9 trn MSME procurement mkt offers digital growth opportunity")
Fisdom founders to exit Groww after wealth business integration
Subramanya SV and Anand Dalmia will exit Groww after completing a planned one-year transition following Fisdom's acquisition and integration into the fintech firm's wealth business
 "Fisdom founders to exit Groww after wealth business integration")
Foreign etailers told to set up separate export-only units in India
The DGFT has notified a framework requiring foreign-owned e-commerce firms to create separate legal entities for inventory-based exports of Indian-made goods under the revised FDI policy
 "Foreign etailers told to set up separate export-only units in India")
River Mobility raises $120 million in Series C led by Elev8, Claypond
The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment
 "River Mobility raises $120 million in Series C led by Elev8, Claypond")
IIM-B incubator NSRCEL tops $7 bn startup value, bets on AI-led expansion
NSRCEL plans specialised sector centres and AI-enabled learning tools to expand its entrepreneur network from around 238,000 to more than one million
 "IIM-B incubator NSRCEL tops $7 bn startup value, bets on AI-led expansion")
Razorpay boosts AI push with senior hires from Microsoft, Salesforce, Cred
Executives will help build payment systems that can increasingly make decisions using artificial intelligence, says the company
 "Razorpay boosts AI push with senior hires from Microsoft, Salesforce, Cred")
SoftBank-backed OfBusiness exports double to over ₹2,500 crore in FY26
Footprint across 70 global markets as buyers diversify sourcing away from China, even as India's FTA deals boost export potential
 "SoftBank-backed OfBusiness exports double to over ₹2,500 crore in FY26")
Ex-Swiggy, Zomato executives launch AI startup Profound, raise $1.5 mn
Profound helps users find career opportunities, make introductions and connect with employers
 "Ex-Swiggy, Zomato executives launch AI startup Profound, raise $1.5 mn")
Indians involved in solving world's toughest problems: Google DeepMind
Google DeepMind executives explain how the AI lab is deploying autonomous agents in the country
 "Indians involved in solving world's toughest problems: Google DeepMind")
Flipkart-Netflix deal to earn buyers OTT plans, benefit launches on Aug 1
Flipkart Plus members can unlock a month of Netflix by completing four eligible monthly orders, marking Netflix's first e-commerce partnership in India
 "Flipkart-Netflix deal to earn buyers OTT plans, benefit launches on Aug 1")
Zepto delays IPO by two quarters as investors push for lower valuation
Quick-commerce firm plans to raise about Rs 1,000 crore in a pre-IPO round as investors seek greater clarity on profitability, cash reserves and growth prospects
 "Zepto delays IPO by two quarters as investors push for lower valuation")
Swiggy's Q1 loss narrows as revenue climbs 37%
Food-delivery company's net loss narrowed from Rs 1,197 crore a year earlier as revenue rose to Rs 6,812 crore.
 "Swiggy's Q1 loss narrows as revenue climbs 37%")
Flipkart pushes deeper into consumer lending with Pay Later service
E-commerce giant launches checkout credit across its platforms with PayU Finance as the first lending partner, betting commerce data can broaden access to consumer credit.
 "Flipkart pushes deeper into consumer lending with Pay Later service")
Marvell to invest $250 million, double India workforce in 3 years
US chipmaker will expand its engineering footprint in Bengaluru and Hyderabad as it steps up research and development for AI, cloud and data infrastructure
 "Marvell to invest $250 million, double India workforce in 3 years")
AI startup Freehand raises $75 million for supply-chain expansion
Battery Ventures and NewRoad Capital co-lead funding as startup expands AI agents that automate procurement and supply-chain spending for Fortune 500 companies
 "AI startup Freehand raises $75 million for supply-chain expansion")
OfBusiness reports net profit of ₹724 crore in FY26 ahead of planned IPO
SoftBank-backed SME commerce and financing platform turns free cash flow positive in commerce business and crosses ₹10,000 crore in lending assets under management
 "OfBusiness reports net profit of ₹724 crore in FY26 ahead of planned IPO")
Flipkart's Ekart opens nationwide logistics network to third-party biz
The logistics arm will expand through a franchise model and dedicated warehousing, giving businesses access to Flipkart's nationwide fulfilment and delivery network
 "Flipkart's Ekart opens nationwide logistics network to third-party biz")
India's spacetech startups raise $871 million as private sector takes off
Skyroot's orbital launch and unicorn status prove policy reforms fuelled rapid industry growth
 "India's spacetech startups raise $871 million as private sector takes off")
Trade body calls for rollback of FDI in inventory-based ecom policy
CAIT seeks rollback of the new e-commerce FDI export policy, alleging it favours Amazon and Flipkart, while experts say clearer implementation rules are needed
 "Trade body calls for rollback of FDI in inventory-based ecom policy")