Consumer

E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of corporate-backed rival Snapdeal that now needs only shareholder approval.

Grocery e-commerce platform BigBasket is in talks with both companies over an investment that would value it at about $1bn, while Amazon is also interested.

Alibaba is in talks to lead the Indonesia-based e-commerce company's next round, which would include existing investors SoftBank and Sequoia Capital.

E-commerce keyboard app developer Chatter Commerce has been acquired by Viber, having raised $1.25m in a round led by parent company Rakuten.

E-commerce firm Infibeam has reportedly bid $700m for corporate-backed Snapdeal, which looked likely to be bought by Flipkart, in a deal that would allow its founders to stay.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

The spinout of Heriot-Watt University has secured $1.3m in its latest funding round, which featured a mix of existing and new investors.

Naver joined subsidiaries NHN Investment Corp and Line for a series A round announced at the same time as the launch of Syte.ai's clothing search platform.

Foxconn was among the investors in a $10.1m round that will support hiring, product development and production expansion, as Molekule releases its air purifier to the public.