Consumer

E-commerce firm Infibeam has reportedly bid $700m for corporate-backed Snapdeal, which looked likely to be bought by Flipkart, in a deal that would allow its founders to stay.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

The spinout of Heriot-Watt University has secured $1.3m in its latest funding round, which featured a mix of existing and new investors.

Naver joined subsidiaries NHN Investment Corp and Line for a series A round announced at the same time as the launch of Syte.ai's clothing search platform.

Foxconn was among the investors in a $10.1m round that will support hiring, product development and production expansion, as Molekule releases its air purifier to the public.

The battle robot developer has secured $7.5m in a Qualcomm Ventures-backed round that will support commercialisation of its lead product, MekaMon.

Axiomatic, Brit + Co, Savioke and ReplyYes are among the 11 companies that make up the 2017 cohort of Disney Accelerator.

Uber's operations in four Eastern European countries will merge with Yandex Taxi in a deal that could signify it plans to take a less direct, CVC-influenced approach to some markets.

The modular programmable robotics kit developer is in talks with SoftBank over a round that could double its valuation to $400m.

Gatehouse Media and iHeartMedia provided cash and media assets through the round, which will support the mobile lottery platform's global expansion.

New Oriental Education and Technology Group has participated in a round for Yamibuy, which sells Asian consumer items to North America-based customers.