Consumer

Rakuten has acquired Fablic, the operator of a flea market app called Fril, providing an exit to Colopl and Cookpad, which backed a $9.2m series A round two years ago.

The Advance Publications-backed online brokerage has forged a place in a well-packed market and a billion-dollar valuation, showing there is still room for startups in the sector.

Petnet has raised series A funding from investors including pet product retailer Petco, which will now carry the company's personalised pet feeding technology in its stores.

Sinar Mas Digital Ventures returned for a funding round larger than the $12m series A closed by the Southeast Asian grocery service a year ago.

John Paul is among the investors in a $22.5m round for Velocity, which operates a booking platform for high-end dining experiences, adding to a $16m round last year.

Simon Ventures Group was one of the investors taking part in a $7.35m series A round for the bespoke mattress producer, which raised $800,000 last year.

Xiaomi has led a series A round for Yi Technology, a manufacturer of drones and low-priced action cameras.

The CVC unit has launched a $270m tech fund and a $225m healthcare fund this year, while sister firm Hony Capital has raised a $2.2bn private equity fund.

Access Industries has returned to provide $15m to the ticketing platform, having contributed to a $16m series C round in June 2015 and invested $10m in December.