Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
PellePharm has signed a $760m agreement with Leo Pharma to create therapies for skin cancers, with Leo investing $70m in a first tranche and securing an option to wholly acquire PellePharm.
Walmart, which closed its $16bn acquisition of a 77% stake in Flipkart in August, has boosted its share of the e-commerce marketplace to 81.3%.
SoftBank's Vision Fund provided $1bn for the e-commerce marketplace at a $9bn valuation, three years after a $1bn investment by its parent company.
Ping An has led a $47.3m investment in Finleap through its Global Voyager Fund, joining a list of shareholders that already included Hannover Re and Signal Iduna.
Visa has provided a reported $200m in equity funding for bill payment platform BillDesk and bought up to $100m worth of shares in a secondary transaction.