Services

Vision Fund's $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.

It is, as these deals in the past week show, a remarkable time in sports and content as the change in distribution routes also affects the $40bn advertising industry.

The JE Dunn building management technology spinout has raised $6m from investors including its parent company, following a $5m series A round last year.

The broadcaster has invested $12m in online travel booking platform Wego and also plans to promote the company's services through its media platforms.

Iheima has raised $27.3m in its initial public offering, becoming the first incubator to float in China and providing an exit to corporate investors Toread and Youyou.

Aikang Group, Beijing Capital Land and Star Group have participated in a pre-series C round for co-working space provider URWork.

Salesforce and the Toyota-backed Future Creation Fund backed a round that doubled the overall amount raised by the business card management platform.

The pharmaceutical company's acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.

More value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.