The SB ISAT fund, backed by the Indonesian and Japanese telecommunications firms,will invest in e-commerce, fintech and digital media businesses.

Three years after it withdrew from its previous IPO plans, the digital content supplier, backed by Xiaomi, IDG, Kingsoft and Google, has refiled for a $100m offering.

The Tencent and CyberAgent-backed online messaging service will acquire Daum in a reverse takeover that will value Kakao at about $3bn.

The mobile internet company will seek to enhance its mobile e-commerce platform through the investment.

DST Global led the round, which could reportedly rise to $500m, after Flipkart closed the $300m purchase of fashion-based e-commerce company Myntra.

The direct selling company has raised $1.78bn from its initial public offering, giving shareholder DST a $64m return.

Legend Capital, which makes investments on behalf of conglomerate Legend Holdings, plans to start investing from LC Fund VI this month.

Yummy77, a China-based food delivery subsidiary of Chia Tai, has picked up $20m from the e-commerce company.

Retail group Future has exited India-based financial firm First Capital, two years after divesting much of its stake to Warburg Pincus.

Software producer Myriad has joined corporates including Intel, eBay and Softbank in backing the e-commerce company, which has now raised $400m in total.