Consumer

The Comcast-backed beauty product e-commerce company has received the convertible note financing to hold it over until it becomes cash flow positive.

Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.

Konga, a Nigeria-based e-commerce company in which Naspers reportedly holds a 50% stake, has approached prospective buyers for an acquisition in the $35m range.

Existing backer Rakuten has returned to lead a $35m series B round for Carousell, putting the mobile marketplace app provider's total funding at $41.8m.

Corporate-backed AIG took its 2016 equity funding to more than $465m with an investment from UK state-backed development finance institution CDC Group.

Uber has lost its battle in China, but as the largest shareholder in a $35bn company that is the overwhelming market leader it may yet win the war.

The Alphabet-backed educational robot producer has now raised about $37m since 2012 and is preparing to make a push into the Asian market.

The Intel-backed motorcycle helmet producer has ceased operations following the CEO's departure and varying accounts of an acquisition deal by LeSports.

American Express Ventures was among the investors as the chatbot shopping startup boosted its overall funding to nearly $11m in seven months.

Rocket Internet-backed food delivery service Take Eat Easy has shut down following unsuccessful attempts at raising a series C round.