E-commerce firm Infibeam has reportedly bid $700m for corporate-backed Snapdeal, which looked likely to be bought by Flipkart, in a deal that would allow its founders to stay.

Shanda-backed Iqianbang has secured series B funding as part of a strategic partnership to help Shenzhen Grand Electronics expand into the financial sector.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

Alibaba's financial services affiliate has made an investment of undisclosed size in digital finance technology provider VFinance as part of a strategic partnership agreement.

Reliance Industries will hold a 20% share in the newly formed Jerusalem Innovation Incubator, as will fellow corporate backer Motorola Solutions.

Samsung joined existing investor Takwin Labs to invest $7m in the real-time imaging technology developer, which is also a Microsoft accelerator graduate.

The Jerusalem Innovation Incubator is set to obtain $25m from Reliance Industries, which helped launch the project last month alongside Yissum and others.

Naver joined subsidiaries NHN Investment Corp and Line for a series A round announced at the same time as the launch of Syte.ai's clothing search platform.