Alibaba is investing $50m in the grocery e-commerce platform at a $1.2bn valuation to retain its position as the company's largest shareholder.

The fresh food retail chain plans to use the proceeds from the Tencent-led series B round, which included Meituan Dianping's Longzhu Capital unit, to expand to 1,000 stores this year.

The mattress provider, which is reportedly preparing to go public, has secured $100m in funding from investors including existing backer Target.

QUT Bluebox has joined corporates Holland Insurance and Seven West Media in the second funding round for over-60s package holiday portal Starts at 60.

Online mattress retailer Casper Sleep is looking to hire underwriters for an initial public offering that would allow Target to exit two years after leading its $170m series C round.

Flipkart has established a corporate venture capital fund with a reported $80m to $100m in capital that will be overseen by CFO Emily McNeal.

The Advance Publications-backed clothing rental service is now valued at $1bn, having received $125m from a consortium co-led by Franklin Templeton Investments and Bain Capital Ventures.

Valor Siren Ventures I has signed up Starbucks as a cornerstone investor as it seeks to close its fund at $400m to back food and retail technology developers.

General Atlantic and a range of unidentified backers are exploring a $300m investment in Wish that would value the Legend Capital-backed e-commerce marketplace at $11bn pre-money.

Airbnb is considering an investment in Oyo sized at $100m to $200m, which would drive the India-based company's international expansion efforts.