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Archive for the ‘Miscellaneous Articles’ Category

Index raises $1.2B growth fund and $800M to invest in emerging startups

It’s not quite business as usual in the world of business, but in tech, there is still a significant amount of money being raised and invested, both to help sustain the most promising startups, and to help find those emerging despite (or because of) the wider economic and social crises arising from the coronavirus pandemic. ...

Indian online grocery startup BigBasket raises $60M

Indian grocery startup BigBasket has raised $60 million as it scales its business in the country to meet growing demand from customers stuck at home. Alibaba and other existing investors including Mirae Asset and CDC Group participated in the bridge-round, Vipul Parekh, co-founder of BigBasket, told TechCrunch in an interview. Parekh said the startup intends ...

Energica CEO plots her Italian EV company’s reboot from lockdown

There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The coronavirus pandemic has forced Energica to hit the brakes on production of its battery ...

German security firm Avira has been acquired by Investcorp at a $180M valuation

Mergers and acquisitions largely grinded to a halt at the end of March, in the wake of the coronavirus pandemic spreading around the world, but today comes news of a deal out of Europe that underscores where pockets of activity are still happening. Avira, a cybersecurity company based out of Germany that provides antivirus, identity ...