YoPoint has raised $3.1m through a Series A funding round led by HG Capital.

Both the companies involved in the funding round are based in China.

“The deal is expected to enable KMV to increase its turnover by 50% and emerge as a major supplier of mineral water and non-alcoholic beverages.”

Karlovarske Mineralni Vody has agreed to acquire the operations of PepsiCo in the Czech Republic, Hungary and Slovakia.

The deal is expected to enable KMV to increase its turnover by 50% and emerge as a major supplier of mineral water and non-alcoholic beverages.

The transaction will be funded jointly by Raiffeisenbank, Ceskoslovenska obchodni banka and Ceska sporitelna.

Scheduled for completion on 3 June, the deal will enable KMV to distribute PepsiCo products and expand its operational presence in the Czech Republic, Hungary and Slovakia.