Varsha Tagare to be promoted to head of Qualcomm Ventures India and its $50m fund.

The internet company has joined forces with private equity firm Oriental Fortune Capital to launch a fund aimed at the entertainment sector, reaching a first, oversubscribed close at $73m.

SF Holding and UPS Parcel Delivery Service have agreed to set up a joint venture called Global Connect Holding and supported with $10m in capital.

Intel Capital celebrates an exit as ItzCash is acquired by Ebix for $123m at a valuation of $150m.

A host of Chinese corporates, including steel companies, have contributed to a funding round for Ouyeel, an online steel transaction platform created by China Baowu Steel Group.

Naspers has led the Swiggy's series E round, which reports suggest took the online food delivery platform's overall funding to $150m.