Consumer

Business-to-business e-commerce platform Udaan was valued at $2.3bn to $2.7bn in a series D round backed by Tencent and Citi Ventures.

Samsung Next and Commerzbank’s Main Incubator vehicle reinvested as part of the $12m equity portion of a $44.7m debt and equity round.

Wearable sensor maker StretchSense, a University of Auckland spinout, has been purchased out of administration by an unnamed buyer.

With news that We Co has withdrawn its IPO filing, we take a look at what the move could mean for corporate venturing going forward.

TCG has invested $83m to acquire a majority stake in Scripps Networks Interactive and Bertelsmann-backed e-commerce and media platform Food52.

Müller Medien-backed online beauty marketplace Booksy has accumulated $48.7m in all after adding contributions from investors such as Piton Capital and Enern.

Grace Beauty Capital-backed children's clothing line Primary has collected series C funding from returning investors USVP and Homebrew Ventures.

The accelerator will support remote working to broaden its geographical capacity for emerging food products and manufacturing techniques.

Strive, Yahoo Japan and Itochu are among the backers of the flying car developer’s $13.9m round, which took the company’s total funding to about $18m.

Its technology sector is the bedrock but the innovation boost the country needs is beginning to happen.

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.