Consumer

The restaurant group has closed an oversubscribed fund that included commitments from external investors and will focus on companies in the hospitality sector.

Sea has acquired an 82% stake in portfolio company Foody, a restaurant booking, ordering and review platform also backed by CyberAgent, for approximately $64m.

The Naspers-backed classified listings app developer has raised additional cash from existing investors at a $1bn valuation, taking its total funding to $475m.

China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%

The online services provider, which has already raised $5.9bn, is reportedly nearing a $3bn Tencent-backed round that will value it at up to $30bn.

Existing investor Comcast Ventures returned to lead a series A round that increased the lunch subscription service's funding this year to $35m.

Fidelity and T Rowe Price have agreed to contribute to a $384m round that will value Nokia-backed food delivery platform Deliveroo at $2bn.

The internet company has filed for a $1bn initial public offering in the US that will give exits to Tencent, JG Summit Holdings and Uni-President Enterprises.