Consumer

Tencent-backed Furong Xingsheng raised the funding at a $700m valuation and will use the cash to expand its neighbourhood-based grocery stores into additional small towns and cities.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

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

Campsite-booking service Hipcamp secured the cash at a $127m valuation, with OATV returning for a round that was led by Andreessen Horowitz.

University of Cambridge's automated music production app developer Jukedeck has been picked up by internet technology firm Bytedance's TikTok.

Lightspeed and Sequoia are selling part of their shareholding back to Oyo’s founder for a combined $1.5bn as Oyo also seeks to raise up to $1.5bn in new funding.

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.

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

The online retailer has added eBay to its shareholders after the online auction platform purchased a 5.5% stake in return for a reported $150m to $200m investment.

The 100% organic coconut oil-based beauty and lifestyle brand received $20m in the L Catterton-led round, which featured Unilever Ventures and University Growth Fund.

SoftBank-backed online grocery platform Grofers has received a $10m investment from Abu Dhabi Capital Group, adding to a $200m initial series F close two months ago.