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.

Several financial services firms have contributed to a $25.5m round for the contract review technology developer.

The Kyoto University spinout backed by the institution’s i-Cap fund has secured $25.5m in funding from returning investors.

JD Logistics has filed for an initial public offering on the Hong Stock Exchange and is reportedly eyeing a $40bn valuation.

BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.

Cloopen, also known as Ronglian and Yuntongxun, priced its shares at $16 to raise $320m in an initial public offering that provided an exit for Telstra Ventures and New Oriental.

WuXi AppTec and New World Development-backed Adagene has raised close to $140m in its initial public offering after having secured $155m in equity financing.