Consumer

E-commerce company Souq.com is set to raise a $300m round from investors including Naspers at a $1bn valuation to support expansion.

Rocket Internet was among the investors in the food delivery service, which promises its customers food from local partner restaurants in an hour or less.

The virtual-reality headset maker attracted funding from a range of corporates including Huayi Brothers, Tianyin and Aisidi.

The Hubert Burda-backed craft marketplace will float at the top of its range in an initial public offering that values it at roughly $1.8bn.

Premium goods e-commerce company Luxa has been acquired by KDDI after securing venture funding from it in 2013 and 2014.

Grocery e-commerce company ZopNow has raised $10m in a series A round featuring returning investors Qualcomm Ventures and Times Internet.

The mountain climbing app beat out 53 other competitors at the conference, organised by corporate-backed venture fund B Dash Ventures.

Majority shareholder Info Edge provided $24.8m of the funding in the round, retaining a 50.1% stake in the restaurant listings company in the process.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.