Financial

The Sunyard-backed fiscal and accounting software startup raised $14.2m in funding, with GGV Capital leading the round.

Accounting and invoicing app developer Khatabook is reportedly closing in on a funding round featuring existing investor Tencent that will value it at up to $300m.

Reports suggest Grab, which just raised $856m from strategic partners TIS and Mitsubishi UFJ Financial Group, is in talks to merge with rival Gojek in a $23bn deal.

Gold-based lender Rupeek, which counts Bertelsmann India Investments as a backer, has snagged funding at a valuation of more than $300m.

Nvidia, Intel and others are piling innovation resources into AI-specialised chip architectures amid heightened risk of competition from Chinese vendors

CapitalG, which first invested in the credit management platform at a sub-$1bn valuation, will exit in a $7.1bn purchase by Intuit.

Oncology therapy developer Revolution Medicines went public giving an exit to pharmaceutical company Sanofi.

The Globis-backed startup accelerator has chosen 12 participating startups for its sophomore cohort, three months after the demo day for the initial batch.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Green Hill Partners has picked up insurance payment processor One, which counted Axa, American Family and MassMutual among its backers.

Coinbase Ventures contributed to a $10.5m round that brought financial market tracking business Eventus Systems' overall funding to more than $22m.