Sharp has agreed to invest up to $1bn in the fund, which has already secured fellow corporates Apple, Qualcomm and Foxconn as LPs on its way to a possible $100bn close.

SoftBank now holds a 20% stake in Paytm owner One97 Communications, with $400m of its investment being used to buy shares from existing backers.

Majid Al Futtaim, Nokia, Almajdouie and Kanoo are among the investors in a series B round for Fetchr, which enables shipping to locations that do not have an address.

Sony Innovation Fund has provided an undisclosed amount for cybersecurity technology developer Caulis, representing the second domestic investment from the fund.

Property developer Lakshachandi Realty and an affiliated company have provided $10m for Indian venture firm White Unicorn Ventures's maiden fund.

HTC, Qualcomm and Colopl have exited virtual reality game developer Owlchemy in an acquisition of undisclosed size by Google.

Yum China is set to purchase a majority stake in Daojia, an online food ordering platform that has raised some $75m from investors including JD.com.

MizMaa Ventures and Korea Investment Partners have co-led a $15m round for the e-commerce search technology developer, which counts Naspers, Alibaba and Yahoo Japan as backers.

The machine learning-equipped online lender is exploring a flotation in the US that will allow Sunshine Insurance and Fosun to exit.