The insolvent Hearst-backed online auction platform, which had raised more than $130m, is closing after failing to find interested investors.

Reliance Capital, Sapphire Ventures and Saama Capital have reportedly exited One97 Communications, selling a combined 4.3% stake to e-commerce firm Alibaba.

Yelp has acquired its portfolio company Nowait, a restaurant booking app that it backed last August.

LVMH-backed private equity firm L Catterton is putting $15m in strategic funding into Getaway.

Didi Chuxing has returned to back a series D round for the bike sharing platform, which has now reached unicorn status.