Consumer

Temasek is set to lead a $500m funding round for the Legend Holdings-backed mobile commerce company that is expected to close within weeks.

SoftBank and Garena will exit the Singaporean online grocer, which had aimed to raise $100m in funding earlier this year, in a purchase reportedly sized at $50m.

The CyberAgent and Mercari-backed e-commerce platform raised the money from backers including the strategic investment units of SBI Holdings and SMBC.

Social dating app provider Paktor has attracted capital from mass media company Media Nusantara Citra, which previously contributed to a $10m round this past July.

Online grocery Redmart has raised about $55m from backers including SoftBank and Garena but could reportedly be acquired by Lazada for as little as $30m.

The round was led by Shenzhen Topband and followed a $12.6m series A+ round last year that included Legend Holdings and Mediatek.

Unity Biotechnology, which raised $116m last week, is the fourth Arch Venture Partners-launched startup to be backed by WuXi PharmaTech.

Personalised nutrition startup Habit has received $32m in funding from Campbell Soup and plans to launch its service early next year.

Renren, which had taken part in the consumer drone producer's series A round in September 2015, came back to co-lead its series B.

UPS, Mercedes-Benz and Yamaha are among the corporates using venture activity to assess technology in the transport space.