IDG and Prada have reached an agreement to acquire stakes of about a fifth each of the shares issued by handbag maker Sitoy in its forthcoming IPO, according to International Financing Review.

Online retail company Rakuten has acquired the Indigo-backed eBook company Kobo for $315m.

JP Morgan and IVP are investing $150m in the Google-backed online coupon marketplace as it prepares to expand further by making more acquisitions.

QualySense closed a SFr500,000 convertible loan with the Zurcher Kantonalbank's (ZKB) seed fund.

The group buying website is seeking up to $92m from its initial public offering (IPO).

Investment Kinnevik's estimated return and Rocket Internet's $1bn boost also point to strong gains made by two corporate venturing units.

Groupon is raising the funds at a close to $12.7bn valuation, which looks set to net a big return for the European corporates which funded City Deal, owner of 10.3% of Groupon.

IDG Ventures has invested $4m in the India-based e-commerce company.

The group buying website, backed by Reinet Investments, an investment company which span off from luxury goods group Richemont, and daily deals company Rebate Networks, files for an IPO set to raise up to $100m.

The celebrity-focused online retailer has raised $30m in its series C round as it looks to expand its range of products.