Yahoo Japan-backed Ninja Van is reportedly seeking at least $60m in a series C round supported by existing investors such as Abraaj Group.

SoftBank has led a $250m funding round in the hotel aggregation platform, which was previously said to be seeking up to $500m from investors.

Mitra Komunikasi Nusantara-backed Kioson is set to float on the Indonesia Stock Exchange, becoming the first startup in the country to complete an initial public offering.

MakeMyTrip and HIS have injected $10m into holiday marketplace Gofro.

Sumni, backed by multiple corporates, has raised at least $30m in a series C round from unnamed backers.

Sistema Asia Fund has joined existing shareholders for an initial $10.5m tranche, which is set to be followed by a final close of $50m to $80m within six months.

PayPal has named the five next fintech startups that will participate in its India-based incubator, taking a stake of undisclosed size in each one.