The Almajdouie and Careem-backed bus booking service will use the proceeds from the round, which took its total funding to $80m, to expand further into Africa.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Naspers has returned to reinvest in geolocation technology developer In Loco as part of a $20m round led by Valor Capital Group.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The round, reportedly $300m in size, featured both SoftBank’s Vision Fund and its Latin America Fund, valuing the gym subscription service at more than $1bn.

SoftBank has selected four senior management members – Chris Cooper, Patricia Menendez-Cambo, Francisco Sorrentino and Lee Bocker – for its Latin America Fund, SBGI subsidiary and new entity SoftBank Tech Hub.

Nubank is in talks with SoftBank to lead a funding round of up to $1bn that could more than double the fintech’s valuation to between $8bn and $10bn as it pursues additional markets.

The delivery services platform secured $100m in a round led by returning investor SoftBank Vision Fund, while another SoftBank fund considers adding $50m.

Argentina-based YPF has set up a corporate venture capital subsidiary, YPF Ventures, and will conduct international and local deals respectively through Argentina Energy Bridge Fund and YPF Early Stage Fund.

Online lender Creditas has raised $200m from SoftBank at a reported $700m post-money valuation, adding to about $84m previously procured from backers including Naspers.