Financial

Tiger Global Management sold a 10% stake to Tencent in a deal that valued PolicyBazaar owner ETechAces, whose backers include InfoEdge and SoftBank, at $1.5bn.

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

UTokyo Innovation Platform is among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Opt, NEC, Sony, Sumitomo Mitsui Banking Corporation and Mizuho Bank are among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Axis Capital and CNO Financial Group invested in health insurance portal Healthcare.com’s second funding round, proceeds of which will support product development and other growth objectives.

Freee has submitted paperwork for approval to list on the TSE Mothers Market next month, potentially offering exits to more than half a dozen corporates such as Line and Sharp.

Citi Ventures and Wells Fargo Strategic Capital have taken part in a $60m series D round for Reonomy, nearly doubling the proptech developer’s total equity to $128m.

Indian Angel Network has achieved a final close of $53m for its inaugural fund thanks to limited partners including Hyundai, Max Group, India Infoline and Yes Bank.

Fidelity has backed a series E round for fraud prevention technology producer Riskified, which last disclosed $33m in series C funding from investors including Capital One in 2017.

Goldman Sachs has backed lease accounting software company LeaseQuery, in what appears to be the lease accounting software provider's first round.

Santander has put a total of $450m into Ebury in a primary and secondary transaction, acquiring a 50.1% stake in the business but maintaining its independence going forward.