In 2008, Coca-Cola, led by its Venturing and Emerging Brands (VEB) unit, purchased a minority stake in Honest Tea, an organic bottled tea company, and it has now bought the rest.

Led by Ravi Thakran, LVMH's fund will invest in companies covering lifestyle retail, lifestyle food and beverage, beauty and wellness, boutique hospitality, media and entertainment and private education in China, India, South East Asia and the Middle East.

In an article by news provider VCCircle, Harshal Shah, chief executive of Reliance Ventures, said two private equity firms were picking up its stake in clothes maker Dhama Innovations.

The integration of TransTech USA with Clareo Partners adds consultants in natural resources, energy and clean technology to Clareo's work with consumer packaged goods and technology companies, such as Kraft, Hewlett Packard, Alticor, Fulton Innovation and Zaharoff.

Jiangsu Hongrui will be managed by Jiangsu Holly jointly with Jiangsu Holly Futures Brokerage, Jiangsu Hezhong Venture Capital, Jiangsu Kaiyuan Venture Capital, Shanghai Jingaofu Equity Investment and other individuals, according to news provider 163.com.

FreshDirect will receive a minority economic interest in Morrison's planned London online operation after the UK retailer bought 10% of its US peer.

Optima Ventures has set up Optima E-Commerce to invest in Octagon Commerce, which now owns the 1SaleADay.com daily deal website and its subsidiaries with 1.5 million customers.

Alongside Dow Venture Capital in the round are an undisclosed hedge fund, secondaries investor Coller Capital and venture capital firms DFJ Esprit (after its merger with Prelude), Cody Gate Ventures (which is part-funded by Coller) and TTP Ventures.

Newswire Reuters said the site was funded by Groupon, Tencent and venture capital firm Yunfeng Capital, which was started by the founder of online auction company Alibaba.com.

Comerica Bank joins the BookRenter consortium as a new investor along with venture capital firms Focus Ventures, Lighthouse Capital Partners, Adams Capital Management, Norwest Venture Partners and Storm Ventures.