Bennett Coleman & Co, the media conglomerate also known as Times Group, has taken part in round that valued e-commerce platform Snapdeal at up to $7bn.

The company, which has developed fraud prevention technology for e-commerce, has added Phoenix Insurance and NTT Docomo to its shareholders.

Haisco has also signed an agreement to be the exclusive distributor of Regentis Biomaterials' hydrogel, developed to treat cartilage damage, in China.

One97 Communications, which is backed by Alibaba and Intel, plans to raise the funding to support the spinning out of its Paytm subsidiary.

Kingsoft and IDG both returned for a series C round for the cloud storage provider, which is also backed by Xiaomi, and which has now raised more than $146m overall.

Google Capital has co-led a $15m funding round for the car marketplace, after having been rumoured in December 2015 to be in talks for a $30m round.

Rabbit Internet, a joint venture between mass transit group BTS and investment firm Alpha Founders, has raised $9.1m that will go to building its consumer internet offerings.

Xpressbees, the logistics arm of IDG-backed babycare retailer FirstCry, has attracted funding from Vertex Venture and SAIF Partners.