Temasek and Warburg Pincus have bought shares in the corporate-backed on-demand ride provider from Tiger Global Management and Matrix Partners India.

The online payment technology provider, which counts Mastercard and PayPal as existing investors, reportedly raised the cash at a flat $3bn valuation.

The China-based ride hailing service company debuted in an upsized $4.44bn IPO, giving potential exits to several corporate backers that are among some of its largest external shareholders.

Bharti Enterprises’ stake in satellite broadband system developer OneWeb will increase to 38.6% after it agreed a $500m capital injection this week.

The surgical technology developer was valued at $3bn in a series C round co-led by SoftBank Vision Fund 2 and backed by Tencent and GE Healthcare.

A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.

Lithium-ion battery provider Northvold has obtained its latest financing via a private placement co-led by Volkswagen and also backed by Scania.

Alphabet, AutoNation and Magna International all returned to reinvest in the driverless car technology developer having backed a $3.2bn round last year.

BOE Technology and Will Semiconductor have chipped into a series C7 round for the multicorporate-backed AI computing chip producer valuing it at $5bn.

Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.