Prosus helped B2B e-commerce platform ShopUp lift its series B round to $174m while SPIL Ventures co-led a $70m series C for trucking optimisation platform Deliveree.

M&A

Food ordering service Zomato has acquired portfolio company Blinkit, an India-based quick grocery delivery service backed by telecommunications group SoftBank and media company Bennett Coleman & Co, for about Rs 44.5bn ($568m). The transaction was initially reported in March this year to be between $700m and $750m in size.

Staff management service PagarBook has agreed to buy Vara Technologies, a Singapore-based, Indonesia-focused peer backed by investors including ride hailing service Gojek’s Go-Ventures subsidiary, for Rs 437m ($5.6m), Entrackr…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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