Services

Mitsui-backed local listings services provider Sulekha is set to expand in its home country after raising almost $28m from Norwest Venture Partners and GIC.

The e-commerce services company, in which Alibaba is the largest shareholder, will use the proceeds for sales and marketing, and to improve its warehousing and technology infrastructure.

The heating installation service secured its second investment from E.ON as Rocket Internet and Holtzbrinck Ventures joined its pool of backers.

The graphic design marketplace plans to use the series B funding, and Recruit's local resources, to expand into Asia.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Neopost took a majority stake in the e-commerce logistics company through its series B investment, which Temando will use to expand internationally.

During March, Global Corporate Venturing tracked 162 investments in corporate venturing-backed companies worth $5.5bn, compared with 162 investments worth $5bn in February. We also tracked four exits in March worth $482m.

The Nokia and Ebay-backed online listings platform has raised a late-stage round at a $1bn valuation, taking its overall funding to about $350m.

The huge initial public offerings of Alibaba and Rocket Internet capped a hugely busy period for the consumer sector.