Financial

First rumoured a month ago, MobiKwik has now confirmed it is seeking between $100m and $150m in a funding round expected to close in the next couple of months.

Sector focus: Health

Coppel and Nordstrom-backed Bonobos has become the latest online retailer to be bought as part of Walmart's e-commerce growth strategy, in what could be a hugely-sized acqui-hire.

The corporates have teamed with OurCrowd and the Hebrew University of Jerusalem's Yissum Research Development Company for an incubator which will open later this year.

Tola Capital led a round that followed the virtual auto insurance claims platform's $20m series C, which included Liberty Mutual, Intact, USAA and Fidelity.

The insurance firm has co-led a $15m round for online insurance comparison platform Coverfox that valued it at between $70m and $100m.

Kakaku has led a series B round for financial comparison platform MoneySmart that included Singapore Press Holdings' SPH Media Fund.

The insurer's $1bn Global Voyager Fund will look to invest between $10m and $30m in international financial technology developers as its parent aims to grow into a data business.