IDG Ventures has reduced its stake in the e-commerce company while venture firm Helion Venture Partners has exited completely.

Buildings material company Holcim has sold its stake in cement company Siam City for $681m.

Iris Capital has agreed to exit the communication and management services provider by divesting its stake to employee services provider Edenred.

Hedge fund Ward Ferry Management is set to invest $7.6m in the daily deals site, a week after it secured $5m from e-commerce company VIPshop.

IDG had invested in series A and B rounds raised by Manthan, which will use the funding to expand its business analytics products to international markets.

The conglomerate is set to make a 12x profit on its $6.4m investment, made in 2006.

The corporate-backed fund has had a busy week, as it provided early-stage funding, while also existing through a buyback and an acquisition.

The internet company has now made about $300m in total from share sales in publicly traded payment company Qiwi.

Multimedia news company Vice Media has completed a second $250m deal this week, selling a 10% stake to Technology Crossover Ventures. The company is now valued at $2.5bn.