Kai-Fu Lee is the former head of Google China. Lee has raised $180 million for his startup incubator company founded two years ago known as Innovation Works. Innovation Works is an early-stage accelerator company.

ZeroCater is a startup that plans to help you plan lunchtime for you office by handling the logistics around it. The company recently announced $1.5 million in funding. Previous investors include StartFund (SV Angel and Yuri Milner) and Y Combinator.

OnSwipe is a tablet publishing company that has raised $5 million in “Series Awesome.” This past January OnSwipe raised $1 million in seed funding. This round of funding was led by Spark Capital and followed on by Lightbank. Yuri Milner, Lerer Ventures, SV Angel, Betaworks, Morado, Eniac Ventures, and Thrive Capital also participated in this round.

Grubwithus is a social dining service where you pick a restaurant in a city that you like and buy a ticket for a meal at a set price. To really make the service work, other people have to buy a meal at the same place and you can coordinate a time to meet at the restaurant.

Venture capitalists Yuri Milner of DST and Ron Conway of SV Angel have launched a new fund called The Start Fund. The first order of business is to invest $150,000 in every Y Combinator start-up company. The $150,000 investment will be convertible debt with no cap and discount.

In June 1998, AOL acquired Mirabilis Ltd. for $287 million. Mirabilis is the company behind messaging software ICQ. Now ICQ is being passed on to another buyer, Digital Sky Technologies. DST paid AOL $187.5 million to take ICQ off their hands. DST is a Russian investment company and ICQ is the most popular messaging service in Russia.

Groupon.com has raised $135 million from Digital Sky Technologies and Battery Ventures, giving the company a $1 billion valuation. Groupon is profitable and has 270 employees. Groupon launched only about a year ago and previously raised about $5.8 million from New Enterprise Associates and other angel investors. Groupon e-mails a daily deal to people across major cities that offers huge discounts for services, assuming that a bulk number of people sign up for it at the same time. If the required number of people do not sign up, nobody gets the deal or discount.

Digital Sky Technologies (DST) is a Russian investment company that has just bought $200 million worth of Facebook stock based on a $10 billion valuation.  Last week Digital Sky also made an offer to buy $100 million-$150 million worth of common stock at $6.5 billion valuation.

The common stock offer would be used to buy stock from employees as long as they are willing to cash out.  Digital Sky is owned by Russian businessman Yuri Milner.  DST also has ownership in major online mailing system Mail.ru.

The $200 million investment made in Facebook today is for 1.96% equity.  This deal is very similar to the $240 million investment Microsoft made in Facebook.