Consumer

Grubhub agreed to acquire student-focused food delivery app Tapingo, which had raised $36m from investors including Qualcomm Ventures.

Oxford University Innovation expects to form 10 spinouts each year from an initiative for impact-led businesses.

The food and grocery delivery platform has raised $46m in the past three years from investors including LS Group.

Fosun RZ Capital has led a series A round for designer clothing e-commerce platform ICY.

Founded by a Northwestern student, cold-brew coffee vendor BrewBike has added the university's NUSeeds fund and angel investors to its seed consortium.

SoftBank Vision Fund has contributed to an initial $800m tranche, with more than half of the round allocated to Oyo's expansion across China.

The online food delivery service has reportedly entered talks with Tencent to raise money at a valuation of $2.5bn or more.

The JD.com and Advance Publications-backed fashion e-commerce platform raised more than $670m while its investors sold $212m of shares.

The Rocket Internet-backed e-commerce platform is considering an initial public offering in the US early next year at a valuation of $1bn.

The online wine retailer has completed a round that was co-led by Tencent and Meituan Dianping at a reported $1.1bn valuation.

NGP Capital-backed food delivery service Deliveroo was valued at $2bn as of November but a successful bid would need to be a sizeable upgrade.