It plans to use the new funds to expand in India and the Middle East.
Online direct-to-consumer fashion company Bewakoof has raised US$11.2 million in its latest round of funding from Bahrain-based alternative investment firm Investcorp.Founded in 2012, Bewakoof initially focused on apparel and mobile phone covers before branching out into more categories such as hoodies, sweaters, joggers, footwear, and notebooks.The India-based retailer carries in-house capabilities in design, manufacturing, technology, data science, and marketing, according to a statement.It plans to use the new funds to strengthen its platform and leverage on machine learning to improve customer experience.It also looks to invest in back-end tech and expand its offerings.“Having grown significantly in the last couple of years, we will continue investing in improving the customer experience through technological innovation and focusing on talent acquisition,” said Bewakoof co-founder and director Prabhkiran Singh.
SecureLink, owned by private equity investor Investcorp since 2015, has ops in eight European countries including the Nordics, Netherlands, UK and Germany.It turned over €248m in sales in 2018.The portfolio includes remote security software, along with specialised consulting, maintenance and support services including 24/7 security operation centres.SecureLink has itself snapped up various security houses including ZIONSECURITY and reseller Nebulous.Some 660 SecureLink faces will join Orange, a subsidiary of France Télécom, taking the total headcount of infosec personal at the telco to around 1,800.The combined businesses would have had revenue of €600m in 2018, Orange claimed.
Deal comes as Orange reported 30 percent revenue growth for its cybersecurity offering in Q1French telecommunications heavyweight Orange has bought its second cybersecurity company in twelve weeks, agreeing to pay private equity fund Investcorp €515 million for Dutch security services provider SecureLink and its 660-strong team.The deal follows Orange’s February buyout of the UK’s SecureData.It is Europe’s largest cybersecurity services deal to-date, Investcorp noted.The acquisition, announced late Tuesday, “greatly accelerates Orange’s strategy to become a pan-European leader in cybersecurity services” Orange said, adding that it expects the deal to close by Q3 of this year.SecureLink’s offering includes specialised security consulting, security maintenance and support with 24/7 service desks as well as advanced managed detection and response capabilities, Orange said, announcing the deal.
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