IDG had invested in series A and B rounds raised by Manthan, which will use the funding to expand its business analytics products to international markets.

IDG Ventures India returned to reinvest in the babycare retailer, which has increased its overall funding to $59m.

Tsinghua Holdings one of the backers in $10m series A for Uthing.cn.

The IDG-backed series A round will be used to expand Zhaosuliao's reach across its home country of China.

Bertelsmann participated in the series A round, which was also backed by Ceyaun Ventures and Source Code Capital.

The corporates will invest the money in medical device technology companies graduating from the incubator over an eight-year period.

Online women's fashion retailer Ichuanyi has secured $10m from investors including e-commerce company JD.com.

The e-commerce company has set up a $129m non-profit organisation that will fund startups based on its e-commerce ecosystem.

The food ordering app looks likely to help leverage the resources of investors Dianping, Tencent and JD as it looks to become the market leader in China.