Handbag maker Simone's fund management arm has invested $44m as part of a $115m down round that valued mobile commerce platform Tmon at $1.2bn.

The ride hailing company is in talks to raise up to $6bn at a $50bn valuation, with existing backer SoftBank set to be among the investors.

Jungle Ventures offshoot SeedPlus has exceeded its hard cap with funding from limited partners including corporate venturing unit Cisco Investments.

The online financial services provider has joined an shareholder base that already includes Didi Chuxing to invest an undisclosed sum in the bike sharing company.

The enterprise software firm will up the number of participants in its SAP StartUp Studio from seven to 16 this year.

Hero Enterprise has committed $15.5m to the $310m Aavishkaar Bharat Fund, the latest to be raised by impact investor Aavishkaar Venture Management.

Microsoft could pay up to $70m for the cloud optimisation platform, which has raised more than $20m in funding including $4m from Infosys last August.

Venture firm YI Capital has closed its first fund at its RMB800m hard cap, with capital coming from limited partners including appliance producer Joyoung.

SoftBank is reportedly set to invest $225m to lead the hotel booking platform's latest round as part of a large-scale Indian online services investment strategy.

The France-headquartered utility has paid an undisclosed sum for a 30% stake in the China-based solar project developer as part of a joint venture agreement.