Consumer

Itochu, KDDI and SBI Holdings have all invested in the cross-border mobile commerce platform to increase its total funding to $109m.

The food producer's corporate venture capital unit joined Powerplant Ventures and Cleveland Avenue to invest in the healhy vending machine supplier.

Danone Manifesto Ventures has invested in bottled ocean water brand Kona Deep in its fifth deal since launching in September last year.

Blu1877 will invest in innovations related to pasta products, and will invite startups to its pilot plant to test out their concepts.

De Beers Ventures will target companies operating in areas such as consumer brands, marketing, imaging technology, and jewel cutting and polishing.

The smartphone maker aims to invest in 100 India-based startups over the next five years as it seeks to build its mobile app ecosystem.

The Nokia-backed online food delivery app has added $98m to a round co-led by T. Rowe Price and Fidelity that values it at more than $2bn.

If it is shown that a different funding structure to just venture capital is helpful in AI then implications could cascade to other industries.

Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.