Consumer

Having significantly increased its market share in the US in recent years, on-demand transportation company Lyft recently appointed JP Morgan to lead its planned initial public offering (IPO) with an estimated valuation of $15.1bn.

Currently valued at over $3bn, Katerra, which aims to revolutionise the construction sector with its technology, is said to be the most well-funded construction tech startup.

City Football is the anchor investor in Sapphire Sport, which is also backed by SAP, Adidas, Sinclair, AEG, Major League Baseball, the New York Jets and the San Jose Sharks.

Maoyan is floating in Hong Kong at the bottom of its range, in an offering that will provide exits to Enlight, Tencent and Meituan Dianping.

Naspers subsidiary OLX has fully acquired classified listings platform Avito, six years after Naspers paid $50m for a minority stake and four after it took a majority share.

Just Eat has purchased the remaining shares of portfolio company Flyt for $28.8m, while fellow corporate Time Out recorded a $12.6m return.

Raja Doddala, formerly head of TIAA’s B2B digital team after co-founding CVC unit 7-Ventures, has been promoted to lead the company’s fintech strategy and development.

Additive manufacturing provider Desktop Metal raised a $160m round led by Koch Disruptive Technologies and featuring other corporate investors

Johnson & Johnson Innovation – JJDC has delved into the cosmetics market, leading a series D round for K-Beauty product supplier Memebox, which has raised $190m altogether.

Line Ventures, SMDV, Digital Garage, Triputra Group and Ovo all taken part in the retail technology developer's series B round.

Brainbees Solutions, the owner of mothercare store FirstCry, has received an initial $150m from SoftBank Vision Fund as part of a previously revealed $400m funding round.