The online travel booking platform is in talks to invest $100m as part of a $400m round that will value the restaurant listings platform at up to $2bn.

University of Queensland revealed it has generated more than 100 spinouts since 1988, with probiotic drink manufacturer Perkii becoming number 100 in 2016.

Tengelmann Ventures and HV Holtzbrinck Ventures have sold their entire shareholding in kitchenware retailer Springlane to its founder.

Online grocer MissFresh will use the proceeds from the round, co-led by Tencent and Goldman Sachs, to enhance its supply chain capabilities.

Alibaba and Sunshine Insurance Group have contributed to a series F round for Souche, which also revealed its acquisition of Iyunche and Breakthrough.

Delivery Hero-backed on-demand delivery services provider Rappi has secured $200m from investors including DST Global, achieving unicorn status in the process.