Consumer

PCH-backed Highway1 has announced the 12 graduates of its 2014 class, each of which will receive an investment from the incubator.

The internet company reportedly boosted its stake in Flipkart to 17.7% following its $51m contribution to a $210m round raised last month.

The retail chain's incubator subsidiary has made the shopping app its 13th acquisition in just three years.

The company is leaving the Spark incubator and moving into new offices.

Nokia Growth Partners backed UCWeb in 2010 because it believed UCWeb was a strong company, yet this required the unit to invest in a company potentially competitive to a goal of its sponsor and sole limited partner.

The fast food seller is setting up an incubator in Silicon Valley in order to help it beef up its digital and mobile offerings.

Uber's $1.2bn series D round has demonstrated again the excitement surrounding the mobility sector at present, and the ride sharing market in particular.

The Japanese company will make the investments with IP Ventures, the Philippine corporate venturing unit in which it holds a 10% stake.

Indian accessory producer Unico has raised an undisclosed sum from the Future Group unit, which took a 12% stake through the investment.

The high-definition camera maker's initial public offering, which could value it at up to $3bn, will see shareholders Foxconn and Steamboat Ventures both divest shares.