Bharat Inclusion Initiative has already raised $12.5m to back projects in sectors such as financial inclusion, livelihood, education and health.

Siam Commercial Bank has committed another $50m to its SCB Digital Ventures unit, which will move away from fund-of-fund deals to more direct investments.

Smart car developer Byton has raised $260m from carmaker FAW, as part of what is now expected to be a $500m round.

JD Logistics has supplied $306m to ESR Cayman through its logistics unit and will collaborate with the business on projects such as property development.

The corporate has already begun talks with potential limited partners for a second fund, while considering a $3bn investment in Paytm Mall.

Ex-GV partner Eze Vidra has joined Kevin E. Baxpehler, formerly of ProSiebenSat.1, to set up a corporate-backed media fund that is raising $40m.

BP has signed a memorandum of understanding with Nio Capital that is expected to lead to investments in advanced mobility technologies.

Existing backer Rakuten Ventures co-led a series C round for the used goods e-commerce platform, bringing its total funding to $127m.

NUS spinout MediSix has obtained $20m from investors including Osage University Partners to commercialise research into leukaemia and lymphoma treatments.