Vermouth brand Belsazar is the first portfolio company of Diageo-backed accelerator Distill Ventures to be acquired by the corporate.

SoftBank invested $40m to lead a $61.4m funding round for Grofers that valued it at $300m, increasing its stake in the online grocer to between 35% and 40%.

Alibaba has doubled its investment in the Southeast Asian online marketplace, having accumulated an 83% stake as of June last year.

The Unilever-backed meal-kit delivery service has received $39.8m from Hargreave Hale, Angel CoFund, MMC Ventures and BGF Ventures to more than double its total funding.

A Baidu subsidiary will take an 11% stake in Skyworth's smart TV spinout, which also counts Tencent and iQiyi as backers, after buying primary and secondary shares.

Talks between the companies are reportedly at a critical stage and could involve Walmart buying shares from corporate investor SoftBank at a $20bn valuation.

Khosla Ventures has led the Comcast-backed smart mattress producer's series B round, increasing its overall funding to $27m.

GV has led a series C round for activewear producer Outdoor Voices, which will use the funding to grow its chain of brick-and-mortar stores.