Financial

The unit, which counts Yahoo and Alibaba among its successes, will be wound down in favour of larger investments, the first of which could be in lending platform SoFi.

The Google-backed lending platform has now raised more than $42m since it was founded in 2012, and has issued $128m in loans.

Media company TimeOut led the restaurant ordering and payment service's series A round, and has also signed a strategic partnership with the UK-based startup.

Personal loan marketplace ApnaPaisa has been acquired by loan provider Andromeda for an undisclosed sum in a stock and cash deal that allowed Intel to exit.

Jupai, a China-based wealth management and advisory service backed by Sina and E-House, will float on the New York Stock Exchange later today.

The personal finance management service, which has signed up 100 million registered users, has now raised $130m in its IDG-backed series B round.

Sector Focus: IT

The agribusiness venture fund, backed by partners including Tereos, AG2R-La Mondiale and Groupama, has funded eight companies since its April 2014 formation.

Advisory service Go4 Venture Advisers and investment bank Centerboard Partners will offer advice to fundraising companies and investors under the name Silverpeak.