Consumer

E-commerce supply chain business Shiprocket secured the return of Bertelsmann India Investments in a round earmarked for product development, recruitment and overseas expansion.

Vroom, the AutoNation-backed used car marketplace that completed a $254m series H round last December, has confidentially filed for an initial public offering scheduled for next month.

Kunlun has contributed to a $109m series B round for Kopi Kenangan that will allow the Indonesian coffeehouse chain to launch new products as well as expand nationally and overseas.

Alphabet has contributed to a $400m for Sidewalk Infrastructure Partners, a spinoff from the conglomerate’s smart cities technology subsidiary Sidewalk Labs.

SK Networks has contributed to a $160m series E round for Market Kurly, an online grocery platform that will use the money to open a larger fulfilment centre in Seoul.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Yuan Gao, formerly head of strategic investments, has ascended to head of corporate strategy and investments, almost five years after joining the parent company.

SoftBank Vision Fund and Sequoia Capital China have injected an additional $200m in funding to bring the series D round, already backed by the former, to $1.7bn.

Flint Hills Resources has contributed to a $133m series B round for RWDC Industries, which is working on a biodegradable alternative to plastic.