Consumer

Baidu Ventures, Mango Media and Zhongnan Red Cultural Group are set to exit the screen projector producer in an IPO on Shanghai’s Star Market.

Red Antler participated in a $22.9m round for the wholsale goods marketplace, representing its first institutional funding.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

Ikea holding company Ingka Investments is paying an undisclosed sum for a 49% stake in financial services provider Ikano.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Tencent has backed another round for the bulk grocery shopping service, which also attracted China Evergrande Group and valued Xingsheng at $6bn pre-money.

Rogue has achieved a first close for its fourth fund, although it is as-yet unclear whether Oregon State University is again an investor.

SoftBank Vision Fund 2 led the round which also attracted SK Networks and will enable Standard Cognition to deploy its autonomous checkout system in hundreds of stores.

BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.

Amazon-backed Owlet Baby Care has agreed to a reverse merger with special purpose acquisition company Sandbridge for a post-deal valuation of $1.39bn.

Lee Kum Kee Products’s Happiness Capital has co-led a series A round for the provider of 3D-printed meat substitutes.