Girish Hiremath, chief operating officer at Ginserv, said being part the Mysuru-based JSS group would be a help to the startups.

The Ola-backed urban mobility platform developer has added $11.5m to the $19m in series C funding it secured early last year.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Tencent has backed another round for the bulk grocery shopping service, which also attracted China Evergrande Group and valued Xingsheng at $6bn pre-money.

Kakao’s ride hailing spinoff Kakao Mobility has received $200m from Carlyle Group.

Bertelsmann India Investments has reinvested in the logistics software provider having co-led its series C round nine months ago.

Signite Partners said it had invested because "millions of people use Grab daily".

Q&A with Zoe Zhu, vice-president, Ping An Global Voyager Fund

The Legend Holdings-backed digital medical platform has raised fresh capital for a series A round led by Qiming Venture Partners.

Unacademy has acquired a majority stake in the professional networking platform, providing an exit for Paytm.