Transport

E-commerce company Snapdeal has acquired a minority stake in logistics company GoJavas for $19.1m, valuing it at more than $95m.

Used car auction site Uxin, which has now raised $430m in less than a year, plans to use the cash to expand its business-to-customer sales platform.

The China-based car sharing platform has increased its series A round to $20m after a $10m investment by automotive information provider Bitauto.

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

Car manufacturer SAIC Motor and internet company Alibaba are set to invest $160m in a connected car venture that will be opened to other investors in future.

The car and taxi marketplace will reportedly raise the cash from investor including SoftBank, the telecommunications firm it received $210m from late last year.

The ride sharing company has now raised more than $860m after Rakuten led a round that valued it at $2.5bn.

Al Tayyar and Saudi Telecom were the investors in a series B round that will be used by the chauffeur service to support an expansion into new markets.

Deal Analysis for February

With the slow recovery from the financial crisis and divestiture strategies undertaken by some big players, 2014 was marked by numerous exits by corporate investors in the industrials sector.