Consumer

Utilities fall back on longer-term plans to drive innovation in the sector.

Entrepreneurism explodes as shackles fall away in India.

Venture capital (VC) firms claim their connections are highly valuable to portfolio companies and there is evidence to suggest this is true. But, by working together, do close-knit VC communities collude to depress valuations and prevent new teams from entering the market?

Global Corporate Venturing's round-up of deals struck in July published on the website.

The Amazon-backed daily deals site acquires TicketMonster a month after LivingSocial reportedly appointed banks for a flotation.

Tengelmann buys stake in the business which runs a platform for manufacturers to sell premium products to retailers.

Google Ventures' Karim Faris said WhaleShark Media had the key characteristics the firm looks for in deals - it maps community growth and addresses "a pervasive market need".

The acquisition follows Yatra.com raising R200 crore ($45m) in April.

Disney's Steamboat Ventures also backed the company's $10m series B last year.

Bridgelux, reportedly backed by Asian chipmaker Taiwan Semiconductor, has raised at least $180m in aggregate after the latest funding round.