The core team involves Mathias Imbach, who has been associated with RNT Associates, Mayank Singhal, who previously worked as an associate director at Singapore investment firm Temasek and, from the University of California side, Tim Recker, a source told Deal Street Asia.

The online printing services provider has secured funds from backers including Opt and GMO Internet, having previously raised $48m since the start of 2014.

Rakuten-backed Go-Jek operates a range of on-demand services apps that have been downloaded more than 20 million times in total by its Indonesian customers.

Joe Chang, a partner at SoftBank China Venture Capital, has left for a similar role in the China office of Fidelity subsidiary Eight Roads Ventures.

HTC has chosen 33 startups for the first batch for its Vive X Accelerator from some 1,200 applicants, and has revealed SoftBank and Nvidia as backers of its VR alliance.

The corporate venturing unit invested $25m to lead early-stage rounds for Velostrata, Sedona Systems and Panoply.io totalling $38.5m.

Southeast Asian ride hailing service Grab is set to close the round, co-led by SoftBank and Didi Chuxing, next week and could raise more than $600m.

The online fashion retailer intends to raise between $15m and $20m from external backers to fund the spin out of its inventory management platform.

Healthkart, owned by Intel-backed Bright Lifecare, has added $12m to its coffers thanks to Sequoia Capital and Kae Capital.

Existing backer Rakuten has returned to lead a $35m series B round for Carousell, putting the mobile marketplace app provider's total funding at $41.8m.