Bharat Innovation Fund has raised $50m from LPs including Philips, ICICI Lombard and Bajaj Electricals on its way to a $100m close.

Legend Capital led a $22.2m round for the microsatellite developer that included a fund backed by property developer Galaxy Holding.

Flame Centre for Entrepreneurship and Innovation has launched with plans for a five-month accelerator that will support between 10 and 15 startups.

Concord Medical's radiotherapy-focused spinoff has raised new funding from investors including a China Electronics Corporation Data-owned fund.

The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.

Comcast Ventures was among the investors that put up $12.5m of financing for the care advice app developer.

The Yahoo Japan and MCN-backed digital media company priced its initial public offering last month before failing to float.

Alibaba led the facial recognition technology provider's latest round, which will support its expansion in the retail sector.

The Tencent-backed livestreaming platform is favouring the US for an initial public offering expected to raise between $600m and $700m.