Services

JD.com has agreed to lead a $500m round for Aihuishou and will merge its own second-hand e-commerce platform Paipai with the electronics recycler.

Alibaba has injected $150m into personalised education platform Knowbox, whose backers already include TAL Education, Bertelsmann, Baidu and Legend Star.

India-based payment tech company PhonePe is looking to raised $1bn at $7bn-$8bn valuation from various investors, including Tencent.

Raksul has exited custom printed product marketplace InkMonk in an acquisition of undisclosed size by Printo, with the deal reportedly creating India's largest printing services provider.

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

The construction management software provider secured $12m in a round led by growth equity investor Catalyst Investors.

Philippines-based Union Bank has allocated more than $9m annually to its UBX subsidiary to pursue financial technology opportunities.

Mitsui has exited customer data platform developer Drawbridge, which was acquired by LinkedIn after raising a reported $70m in venture capital funding.

Rohit Dave, previously senior director and head of M&A at WeWork, has ascended to vice-president and will continue heading M&A activities alongside running its Creator Fund.

In February and March 2019, we conducted a small pilot survey (n=31) of founders of businesses that have received corporate funding, which were referred to the survey by their corporate backers. We called it the “GCV Founders Survey” and it gave us some interesting insights.

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