Consumer

LY.com's group buying grocery spinoff raised the money in a Joyy-led round also backed by existing investors including Bertelsmann Asia Investments and Legend Capital.

E-commerce software provider Sirclo, which counts Sinar Mas Land and Beenos Plaza as investors, has joined forces with e-commerce technology and services supplier ICube.

SoftBank led a $500m round for the driverless vehicle software spinoff of the ride hailing company Didi Chuxing.

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

Private equity group Northstar has reportedly led a $130m round for the e-commerce marketplace, which counts JD.com, Sumitomo, CyberAgent and VNG as investors.

The classified listings group is putting up about $46m for Info Edge Venture Fund and expects to mobilise external backers to hit a $100m target.

University of Chicago returned to contribute to a series B round for smart oven provider Tovala.

Comcast Ventures and Rich Products Ventures contributed to a series B round for smart oven provider Tovala, whose earlier backers include Gree and Tyson Ventures.

The SoftBank and Kakao-backed locally-focused e-commerce platform raised the money in a series C round co-led by Goodwater Capital and Altos Ventures.

Amazon Alexa Fund contributed to the home automation technology producer's series C round through its Alexa Fund, revealing itself as an existing investor in the process.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.