Reports suggest Grab, which just raised $856m from strategic partners TIS and Mitsubishi UFJ Financial Group, is in talks to merge with rival Gojek in a $23bn deal.

Gold-based lender Rupeek, which counts Bertelsmann India Investments as a backer, has snagged funding at a valuation of more than $300m.

Ola-backed urban mobility service Vogo secured the funding at a reported valuation of just over $76m, with LGT Lightstone leading the round.

The Indonesian e-commerce platform, formed by China-based JD.com and Provident Capital, is valued at at least $1bn and may have Gojek as an investor.

The hot pot and barbeque ingredient retailer, which counts Sanquan Food as an investor, has now secured more than $53m in the past six months.

Venture capital firm Grove Ventures has closed its Grove II fund at $120m that includes a $10m investment from Schneider Electric.

The Globis-backed startup accelerator has chosen 12 participating startups for its sophomore cohort, three months after the demo day for the initial batch.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Quintillion Media has exited vehicle auction marketplace operator BlueJack in an acquisition of undisclosed size by peer Shriram Automall.

Globis, Nihon Unisys and Yahoo Japan have chipped into a $47.3m round for the online sales support platform developer, with half the capital to go to increasing headcount.