Consumer

The luxury goods provider's L Capital Asia unit is taking a 7% stake in the Korea-based cosmetics brand, with Groupe Arnault also set to invest.

The Tengelmann and Access Industries-backed Global Fashion Group has raised the money from Rocket Internet, its RICP fund and Kinnevik in a down round at a $1.1bn valuation.

Chernin Group has returned to lead the follow-on to a series B round it had already invested in, along with WME, Live Nation and Universal Music, bringing Doppler's total funding to $50m.

A survey found a 16 percentage point rise in the number of Brazilian corporations investing in startups.

Pfizer has leapt to the top of the most active corporate venturing investors in US healthcare deals for the first half of 2016, as Novartis falls out of the top 10.

Dollar Shave Club, which last raised funding in a Comcast Ventures-backed round that valued it at $615m, is to be acquired by Unilever for a reported $1bn in cash.

Pinduoduo, a startup operating an online group buying platform, has raised series B funding, after growing its service using Tencent's WeChat app.

Bertelsmann Asia Investments was among the participants in the first external funding round disclosed by DotC United, a mobile app developer spinout of Avazu.

Second Genome, which is applying genomics technology to the microbiome, is the latest in a growing string of gene technology companies to raise substantial funding.

The round, made up of $8.5m in series A capital, $4m of venture debt and $5.7m in private financing, featured corporate venturing fund Orange Digital Ventures.