Sumitomo Mitsui Financial Group has formed an innovation hub in Tokyo as well as a partnership with Work-Bench and Stanford StartX.

Sunglasses brand Gentle Monster has received an amount said to be about $53m from L Catterton Asia, the private equity firm backed by LVMH.

Infoteria and Jafco have combined to invest $14.6m in cryptocurrency technology developer Tech Bureau, reportedly bringing its overall funding to $24m.

The online fashion marketplace has secured $17m in a round co-led by Burda Principal Investments that included existing backer Susquehanna International Group.

Paytm Mall is reportedly lining up a $200m investment in the e-grocer at an $800m post-money valuation that could include Alibaba.

The Tencent, Alibaba and Ping An-backed online insurance provider has secured approval to float in Hong Kong, two years after raising cash at an $8bn valuation.

Souq, itself acquired by Amazon two months ago, has purchased its portfolio business Wing.ae.

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