Consumer electronics maker Intex will invest up to $31m in strategic investments, the first of which was made in sporting community app developer Rooter.

Grocery e-commerce company Picnic has raised cash in a round led by SHV Holdings' NPM Capital subsidiary and will use the funding to expand across the Netherlands.

The industrial and consumer product maker has launched a corporate venturing arm called Henkel Ventures and expects to commit about $160m to the unit.

The e-commerce company has just closed $1bn in a corporate-backed round but the downgrade on its valuation is likely a sign of the rough time that Indian e-commerce is going through.

Naspers and Jabbar Internet have exited Middle Eastern e-commerce company Souq, which raised money at a $1bn valuation just over a year ago.

Walmart will open a Silicon Valley incubator to back startups working on technologies that will impact the retail sector, including virtual reality and drone delivery.

Alibaba, which already owned 32% of the online ticketing platform, has bought the remainder, giving an exit to Legend Capital in the process.