Rocket Internet-owned catering services provider Caterwings has paid an eight-figure sum for rival Lemoncat, which counted Rocket Internet as an investor.

The online query platform is now reportedly valued at $3.5bn, Kuaishou having led a round that included Baidu and existing investor Tencent.

GS Shop-backed real estate marketplace Propzy is seeking $25m to fund the launch of new services and enter new geographical markets.

Former Navitas Ventures head Tim Praill has agreed to lead the global team of law firm Ashurst's recently formed open innovation unit.

The travel services platform has secured $12.3m in its most recent round, which followed a Grupo Palau, Palladium Hotels and Sabadell-backed round last year.

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

Sagawa Express, Japan Post and CRE have invested in a $11.7m series B round for the logistics platform developer that was led by Softbank.

Glovo, which counts several corporates as investors, has entered discussions with Uber and Deliveroo over a possible acquisition, while SoftBank could potentially provide equity funding.

HashPort Accelerator will help international entrepreneurs to enter the Japanese market, assisting them with fundraising and localisation.

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