Consumer

The era of the star dealmaker necessarily running a venture capital firm as an amateur manager is increasingly over and into this era of greater professionalism has come US-listed bank Citigroup.

Groupon is raising the funds at a close to $12.7bn valuation, which looks set to net a big return for the European corporates which funded City Deal, owner of 10.3% of Groupon.

IDG Ventures has invested $4m in the India-based e-commerce company.

The group buying website, backed by Reinet Investments, an investment company which span off from luxury goods group Richemont, and daily deals company Rebate Networks, files for an IPO set to raise up to $100m.

The celebrity-focused online retailer has raised $30m in its series C round as it looks to expand its range of products.

The effect of corporate VC investments on productivity turns out to be "negligible", according to the report, Venture capital: Policy lessons from the Vico project - a European Union-funded research of 8,370 European high-tech entrepreneurial firms.

Intel Capital has provided financing for Turkey-based social commerce startup Grupanya, a daily deals company.

Online wellness marketplace Wahanda has secured $5.5m in a round led by Fidelity Growth Partners Europe.

The US league for American football is co-ordinating its members to invest in venture capital.

IDG Ventures India has funded custom fashion retailer eShakti to the tune of $3m.

A long-term strategy that is paying dividends for the US oil major's corporate venturing unit.