Nabard’s food, agriculture and rural development-focused investment vehicle, Nabventures, has reached its first close and has a ceiling of nearly $100m.

Telkomsel's newly formed Telkomsel Mitra Inovasi vehicle has launched a $40m fund in partnership with sister unit MDI Ventures and fellow corporate venturer Singtel Innov8.

JD.com has secured CICC Capital, Baring Private Equity Asia and CPEChina Fund for a series A round expected to value its healthcare spinoff at $6.9bn.

Qihoo 360 spinoff Beijing Qianxin Technology has received approximately $542m from China Electronics Corporation at a valuation of $2.4bn.

Samurai Incubate Fund VI, backed by corporates such as Keikyu, Mitsui Sumitomo Insurance and Seino Holdings, is set to start accepting applications for the second edition of The First Movers program.

Midea Real Estate and Red Star Macalline helped Orvibo raise $18.8m of series C capital, taking the smart home technology supplier’s total funding to almost $48m.

Myeg helped increase the AR goggles and software developer's series B round to $32.4m, adding to a $14.9m first tranche backed by Meitu in 2017.

The Intel-backed health product retailer has received $25m from investment firm Sofina in the form of series G funding.

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

The university announced an incubator tie-up with Bangkok Bank that will support entrepreneurial faculty and students, as well as an initiative intended to glean insights from international partners.