Consumer

The fashion e-commerce app developer has raised funding in a Mediaset and Banco Sabadell-backed round as it looks to expand into new international territories.

Hardware retailer Ace has acquired the Rakuten-backed e-commerce platform to serve as an e online discovery platform for its business.

Last week the Brazilian Trade and Investment Promotion Agency, Apex-Brasil, and Global Corporate Venturing ran once again the Corporate Venture in Brasil conference to develop corporate venture capital in Brasil.

Nippon Life-backed Nissay Capital has returned to back a $6.6m round for Lifestyle Design, the operator of custom fashion e-commerce platform LaFabric.

Skincare brand Silk Therapeutics has secured $11m in series A3 funding, raising capital from Kraft Group and Lear Corporation among others.

Amazon reportedly paid as much as $100m to buy Body Labs, whose scanning technology could help accurately predict the best fit for clothing customers on its portal.

The restaurant group has closed an oversubscribed fund that included commitments from external investors and will focus on companies in the hospitality sector.

Sea has acquired an 82% stake in portfolio company Foody, a restaurant booking, ordering and review platform also backed by CyberAgent, for approximately $64m.

The Naspers-backed classified listings app developer has raised additional cash from existing investors at a $1bn valuation, taking its total funding to $475m.

China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%