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Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution

Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution

Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and…

Larry Ellison’s Net Worth Dips $17 Billion After Oracle Earnings Underwhelm

Larry Ellison’s Net Worth Dips $17 Billion After Oracle Earnings Underwhelm

Share to FacebookShare to TwitterShare to LinkedinTopline American software giant Oracle suffered its worst daily stock loss in more than two decades Tuesday after the company’s earnings report largely disappointed investors, leaving Oracle chairman Larry Ellison billions of dollars poorer. Larry Ellison, left, sits with Bill Gates in 2021. Getty Images Key Facts Shares of…