Consumer

In an article by news provider VCCircle, Harshal Shah, chief executive of Reliance Ventures, said two private equity firms were picking up its stake in clothes maker Dhama Innovations.

The integration of TransTech USA with Clareo Partners adds consultants in natural resources, energy and clean technology to Clareo's work with consumer packaged goods and technology companies, such as Kraft, Hewlett Packard, Alticor, Fulton Innovation and Zaharoff.

Jiangsu Hongrui will be managed by Jiangsu Holly jointly with Jiangsu Holly Futures Brokerage, Jiangsu Hezhong Venture Capital, Jiangsu Kaiyuan Venture Capital, Shanghai Jingaofu Equity Investment and other individuals, according to news provider 163.com.

FreshDirect will receive a minority economic interest in Morrison's planned London online operation after the UK retailer bought 10% of its US peer.

There were 72 new rounds of funding and 12 exits through trade sales or flotations last month, according to Global Corporate Venturing.

Colin Blaydon and Fred Wainwright, professors, Center for Private Equity and Entrepreneurship at Tuck School of Business, Dartmouth University, draw from proceedings of the National Venture Capital Association Corporate Venture Summit in November 2010 and written up by the Center for Private Equity and Entrepreneurship at Tuck School of Business, Dartmouth University.

US-listed chemicals company Dow is an old hand with new tricks when it comes to corporate venturing by moving its strategy towards strategic rather than financial goals.

Optima Ventures has set up Optima E-Commerce to invest in Octagon Commerce, which now owns the 1SaleADay.com daily deal website and its subsidiaries with 1.5 million customers.

Alongside Dow Venture Capital in the round are an undisclosed hedge fund, secondaries investor Coller Capital and venture capital firms DFJ Esprit (after its merger with Prelude), Cody Gate Ventures (which is part-funded by Coller) and TTP Ventures.

Newswire Reuters said the site was funded by Groupon, Tencent and venture capital firm Yunfeng Capital, which was started by the founder of online auction company Alibaba.com.

Stars align for Cognovo's creation out of UK-listed semiconductor designer ARM.