Consumer

The China-based company, which is using technology to streamline the operation of food courts, has secured an eight-figure sum in a round co-led by Bertelsmann Asia Investments.

Despite the breakdown Flipkart's proposed acquisition of SoftBank-backed Snapdeal, Vision Fund is in talks with the online marketplace over an investment of $1.5bn to $2bn.

The e-commerce platform, backed by investors including SoftBank, Intel and Alibaba, has decided against a $950m sale and elected to instead restructure.

Skyler Fernandes has become a managing director of investments at Cleveland Avenue having left Simon Ventures in February.

Existing backers Comcast and Qualcomm were joined by investors including AGL and Liberty Mutual for a series C round that took the smart lock developer's total funding to $75m.

E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of corporate-backed rival Snapdeal that now needs only shareholder approval.

Grocery e-commerce platform BigBasket is in talks with both companies over an investment that would value it at about $1bn, while Amazon is also interested.

Alibaba is in talks to lead the Indonesia-based e-commerce company's next round, which would include existing investors SoftBank and Sequoia Capital.