Consumer

The Legend Capital-backed cross-border fashion e-commerce platform has raised a $65m commitment from Group 42 in a series C-plus round.

GCV Powerlist member Gen Tsuchikawa on Sony and Daiwa Capital Holdings’ new investment vehicle.

Kreatif Media Karya took part in a $19m extension to a series C round already featuring CapitalG, Dentsu and Bennett, Coleman & Co, boosting CarDekho's total funding to about $200m.

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

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

The food delivery platform, which has expanded significantly this year, is reportedly close to pulling in $350m or more from Naspers as part of a round valuing it at $4bn.

General Atlantic has led a series H round reportedly sized at $300m that boosted the post-money valuation of Legend Capital-backed Wish up to $11.2bn.

Rebel Foods has grown its valuation to $525m after raising $125m in a series D round that featured a previously disclosed commitment from Go-Jek.

The Foxconn and TCL-backed hotel electronics producer is reportedly set to shut down today, less than a year after targeting funding at a $1.5bn valuation.

Anil Achyuta and Andrew Maywah have left L’Oréal and Silver Tiger Capital respectively, to join TDK Ventures as investment directors.

Existing investor Naspers led the round, which will support the expansion of Brainly's online homework portal to teachers, partners and children in the US.