Grupo Bimbo has established a Latin American accelerator to join existing initiative Eleva Food Technology which will now focus completely on Mexico.

Takuya Hosomura, previously a senior manager at Rakuten Capital, has joined fellow corporate venturing vehicle Salesforce Ventures as a principal.

Alix Rimington will lead Coca-Cola Amatil’s innovation subsidiary, Amatil X, which covers corporate venturing unit AX Ventures and accelerators Xcelerate and Amatil X Academy.

Less than three years after raising money at a valuation of up to $1bn, Essential is shutting down after low sales of its alternative Android smartphone.

The Gojek and Sistema-backed cloud kitchen operator is seeking between $100m and $150m at a $1bn valuation, nearly double the valuation it fetched just six months ago.

Affordable e-commerce platform Brandless is closing its doors, having been valued at $500m in a round backed by SoftBank Vision Fund and GV.

Pidilite Industries led a $40m round for Pepperfry that included existing backer Bertelsmann, lifting the furniture retailer's overall funding to $235m.

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

SoftBank Vision Fund doubled its participation in the childcare retailer's series E round to $300m, with a further $100m expected early next year.

Grace Beauty Capital was among the investors in a round that lifted the military-grade personal care brand's total funding to almost $20m.