Consumer

Augmented reality goggles and software developer HiScene has received approximately $14.9m in a Shanghai Cableway Investment-led round.

University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.

The Hut Group has paid an undisclosed amount to acquire Rocket Internet-backed cosmetics subscription service Glossybox in a deal that will help it grow geographically.

Vision Fund's $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.

It is, as these deals in the past week show, a remarkable time in sports and content as the change in distribution routes also affects the $40bn advertising industry.

Smithfield Foods provided $25m of the cash for the ingredient delivery service's latest round, investing alongside Campbell Soup Company and Fresh Direct.

Birchbox, the beauty product subscription service that has raised $87m in financing from backers such as Comcast, has reportedly begun talks with retailers including Walmart over an acquisition.

Access Technology Ventures has invested $100m to lead a $300m round for smartphone maker Essential Products that included Tencent and Amazon Alexa Fund.

The fund has invested an amount reported to be at least $2.5bn in e-commerce marketplace Flipkart as part of a round already sized at $1.4bn.