The corporates have launched a $30m joint venture that will invest in catering companies with growth potential with which they can partner.

Ola-backed Mswipe has secured funding in a series C round that enabled another strategic investor, Axis Bank, to exit.

Hongfu Group has led a series A round for Bigger, a green co-working spinout of Modern Land, investing alongside First Care.

Gamida Cell has raised new funding from a consortium including Novartis, a shareholder since 2014 when it invested $35m in the cellular therapy developer.

Sanovas has signed an agreement with the government of Suzhou in China to create a $75m fund and innovation centre at the Chinese Academy of Sciences.

The government-owned Cool Japan Fund has provided $10m for the seed-stage venture firm's Japanese fund, which also counts Nikon, Mixi, Mitsubishi Estate and Mizuho Bank as backers.

The CHA Medical Center-founded Solidus Investment Company was among the participants as the therapeutic antibody developer raised series A funding.

First rumoured a month ago, MobiKwik has now confirmed it is seeking between $100m and $150m in a funding round expected to close in the next couple of months.

Existing investor Tencent led the round, which took the rapidly expanding bike sharing service's total funding to more than $1bn in 18 months.