Services

Travel and accommodation booking service Booking Holdings committed $200m to ride hailing app Grab alongside a partnership deal

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

Pizza delivery service and food logistics developer Zume could also raise another $375m from SoftBank Vision Fund at a post-money valuation of $2.25bn.

Music tutoring platform Peilian has added $150m in funding from investors including Tencent to the series B funding it raised in January.

Emtek-backed online property real estate platform PropertyGuru has attracted $145m in a KKR-led series D round and acquired Batdongsan to expand into Vietnam.

The Gunosy-backed enterprise software provider formerly known as AdAsia, has received $13.5m in a round co-led by Line and Mirai Creation Fund.

Rakuten has scored an exit from digital invoicing platform MakeLeaps after Ricoh agreed to buy the company for a reported eight-figure amount.

Workday Ventures has exited recruitment matchmaking platform Simppler in an acquisition by Teamable two years after it invested in the company.

TAL Education joined conglomerate Fosun and VC firm Shunwei Capital in a round for parenting app developer QinBaoBao sized in the eight-digit dollar range.

The employee training software provider has confirmed a $50m round that included SIG, the corporate that led its series B round in 2017.

Brazil-based fintech companies have been on the news in recent times, showing the potential of the South American country’s ecosystem.