Onward Holdings has reached an agreement to sell the fixed assets of Onward Kashiyama.

Onward Kashiyama designs, manufactures and markets clothing, kimonos, accessories and other products.

The sale consideration for the transaction is JPY6.15bn ($55.96m).

Both the companies involved are based in Japan.

T. Laku6 Online Indonesia, an online marketplace for used phones, intends to raise $3m in a Series A funding round.

Existing investors, including Convergence Ventures, SkyStar Capital and Rocket Internet are expected to participate in the round.

"The sale consideration for the transaction is JPY6.15bn ($55.96m)."

Cashier-free convenience stores operator Guoxiaomei has secured Series A funding.

The investment round was led by venture capital firm IDG Capital.

Both the companies involved in the transaction are based in China.

Rootefy International, a building materials and construction products retailer and supplier founded by Nitish Gupta and Manish Kishore, has secured seed funding.

Provided by Abhinav Gupta, the investment is to used for infrastructure building, product portfolio enhancement, technology development and team expansion.