SoftBank is aiming to acquire shares from existing investors in Flipkart, valuing the business at $9bn to $10bn for the deal.

Legend Capital has led a $37.5m funding round for Alo7 and was joined by existing investors Qualcomm and New Oriental.

Less than two weeks after Swiggy secured $50m from Flipkart, SoftBank is in talks with the food delivery service for a commitment of $200m to $250m.

Alibaba has injected $227m into SenseTime at a $3bn valuation, following an investment of undisclosed size by Qualcomm earlier this month.

The investment firm, co-founded by electric vehicle manufacturer Nio, is looking to raise $500m for a fund that would focus on the automotive industry.

AstraZeneca and the Chinese Future Industry Investment Fund have joined forces to launch drug development firm Dizal Pharmaceutical.

Paytm Mall is seeking an investment of $500m to $600m and has approached SoftBank about serving as lead investor in the round.

Rocket Internet-backed car classified portal Carmudi has sold its site in Vietnam to Fram Skandinavien for $50,000.

Unilever Ventures has committed $10m to the IDG Ventures India Fund, with the money going towards startups operating in the consumer and digital spaces.