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.

The AI chip developer has raised series C-plus funding, two months after securing $100m in a China Electronics Corporation Data-led series C round.

Existing investor Tencent was reportedly among the participants in a series E round that valued the online answer platform at $2.5bn.

Alibaba co-led a series A round for Suning's sporting spinoff which included SenseTime and Evergrande Group.