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.
Page 12 - Peerzada Abrar
Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion
EV maker last raised funds at $5.5 bn value
 "Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion")
Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding
Automotive software platform gets backing of Dragoneer Investment Group at a valuation of $4 billion
 "Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding")
Launchpad Kashmir: Excitel's Vivek Raina and 6 others unveil startup fund
Launchpad Kashmir would fund and incubate 24 startups by FY25 in Jammu and Kashmir region, taking them from the ideation stage to the seed funding round
 "Launchpad Kashmir: Excitel's Vivek Raina and 6 others unveil startup fund")
IndusDC earmarks Rs 100 crore to co-build hard tech startups in India
The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector
 "IndusDC earmarks Rs 100 crore to co-build hard tech startups in India")
IPO-bound Swiggy announces fifth ESOP liquidity programme worth $65 million
So far, the company has cumulatively enabled over Rs 1,000 crore of ESOP liquidity over the five events, benefiting over 3,200 employees
 "IPO-bound Swiggy announces fifth ESOP liquidity programme worth $65 million")
Gig workers Bill may hurt ease of doing biz: Startups to Karnataka govt
The startup and tech company group said that very wide powers of inspection have been granted to the state government, which are excessively broad and vague
 "Gig workers Bill may hurt ease of doing biz: Startups to Karnataka govt")
Nasscom writes to Karnataka CM, raises concerns over draft gig workers bill
It says the Bill lays down onerous and prescriptive obligations on aggregators like the minimum notice period for termination, algorithmic disclosures, monitoring and tracking mechanisms
 "Nasscom writes to Karnataka CM, raises concerns over draft gig workers bill")
Fintech firm Partior raises $60 mn Series B round led by Peak XV Partners
Partior, which has global unified ledger-based interbank rails for real-time clearing and settlement, will use the funds to support its international network growth
 "Fintech firm Partior raises $60 mn Series B round led by Peak XV Partners")
US investment firm Invesco reduces fair value of Pine Labs, Swiggy
Pine Labs plans $1 bn IPO in India after getting Singapore court's approval to shift base
 "US investment firm Invesco reduces fair value of Pine Labs, Swiggy")
Tens of thousands of small biz gear up to offer Prime Day deals: Amazon
The owners of small firms would offer deals on lakhs of products to customers across various categories such as home and kitchen, fashion and grooming on the e-commerce website
 "Tens of thousands of small biz gear up to offer Prime Day deals: Amazon")
Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue
The Sleep Company achieves Rs 500 crore annual recurring revenue; aims to become profitable by FY25
 "Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue")
Indians travelled close to 1,000 cities across world: Uber app usage data
Indians have been breaking all travel records over the past couple of years, according to Prabhjeet Singh, President, Uber India and South Asia
 "Indians travelled close to 1,000 cities across world: Uber app usage data")
Tech for better sleep: Wakefit launches AI-powered sleep solutions
The sleep technology firm has come up with the country's first-ever line of AI-powered sleep solutions; plans to scale up stores across major cities in 8-10 months as part of an omnichannel strategy
 "Tech for better sleep: Wakefit launches AI-powered sleep solutions")
Ola's Bhavish Aggarwal urges developers to shift from Google Maps
Ola is offering developers a year of free access to Ola Maps on the company's Krutrim Cloud and over Rs 100 crore in free credits
 "Ola's Bhavish Aggarwal urges developers to shift from Google Maps")
G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others
While GOAT has completed the $21 million raise, the round is likely to get extended and close at about $30 million given the interest and the active discussions
 "G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others")
Accel and Flipkart-backed Zinka Logistics Solutions files DRHP for IPO
The IPO, with a face value of Rs 1 each, is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 21.61 million equity shares by promoters and investor selling shareholders
 "Accel and Flipkart-backed Zinka Logistics Solutions files DRHP for IPO")
Looking to invest in AI, cybersecurity, Bharat: Accel's Prayank Swaroop
Accel is known for early investments in companies such as Meta, Slack, Dropbox, Flipkart, and Swiggy
 "Looking to invest in AI, cybersecurity, Bharat: Accel's Prayank Swaroop")
Long-overdue salaries: 62 ex-staffers plan to take Byju's to NCLT
About 62 former employees of Byju's have come together and sent a notice of filing an insolvency and bankruptcy case against the troubled edtech firm at NCLT if their pending dues are not paid
 "Long-overdue salaries: 62 ex-staffers plan to take Byju's to NCLT")
US-based AI company Glean Technologies launches its first office in India
Glean's launch in Bengaluru underscores its commitment to empowering Indian enterprises through advanced AI technologies and expanding its customer base in the Asia-Pacific region
 "US-based AI company Glean Technologies launches its first office in India")
NCLT asks Byju's to pay salaries to employees, warns firm of facing audit
The edtech firm has paid April, May salaries but is yet to make full payments for February and March
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