Transport

Reports suggest Grab, which just raised $856m from strategic partners TIS and Mitsubishi UFJ Financial Group, is in talks to merge with rival Gojek in a $23bn deal.

Ola-backed urban mobility service Vogo secured the funding at a reported valuation of just over $76m, with LGT Lightstone leading the round.

Nvidia, Intel and others are piling innovation resources into AI-specialised chip architectures amid heightened risk of competition from Chinese vendors

Venture capital firm Grove Ventures has closed its Grove II fund at $120m that includes a $10m investment from Schneider Electric.

Oncology therapy developer Revolution Medicines went public giving an exit to pharmaceutical company Sanofi.

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

Quintillion Media has exited vehicle auction marketplace operator BlueJack in an acquisition of undisclosed size by peer Shriram Automall.

Tier Mobility, owner of Europe's largest e-scooter rental platform, has added $40m in debt and equity financing to an Axa Germany-backed first tranche.

DB Schenker, Mitsui Sumitomo Insurance and MS&AD Ventures have helped the airborne taxi developer extend its series C round, which already included Geely Holding Group.

KH Energy and Eugene Private Equity have provided series A funding for the car sharing service, a spinoff from Korea's SoCar.

The banking group is providing the funding as part of a collaboration deal that will involve it building a financial services app with Grab.