Consumer

De Beers Ventures will target companies operating in areas such as consumer brands, marketing, imaging technology, and jewel cutting and polishing.

The smartphone maker aims to invest in 100 India-based startups over the next five years as it seeks to build its mobile app ecosystem.

The Nokia-backed online food delivery app has added $98m to a round co-led by T. Rowe Price and Fidelity that values it at more than $2bn.

If it is shown that a different funding structure to just venture capital is helpful in AI then implications could cascade to other industries.

Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.

Tencent has invested in Maoyan at a $3bn valuation, two months after the ticketing platform agreed to merge with its peer Weiying Technology.

Wipro Consumer Care and Info Edge have made separate investments totalling approximately $8.4m in consumer product maker Happily Unmarried.

Bertelsmann and JD.com-backed LexinFintech, which runs lending and e-commerce marketplace Fenqile, will float in the US.

Temasek has led an $87.5m round for Poshmark that took its total funding to nearly $160m but which did not include existing backer Shea Ventures.

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