Hike, the developer of a free mobile messaging app, has now raised $21m from Bharti Softbank Holdings and has passed 15 million users.

Smilegate, creator of the hugely successful Crossfire game, has taken a 20% stake in SundayToz, a Softbank-backed developer of social app games.

The e-commerce group has taken a 25% stake in InTime, the owner of a chain of brick-and-mortar stores in China as it expands beyond the online market.

DKT Technologies creators of e-commerce marketplace Hangtot has received an undisclosed amount of investment from Japan's CyberAgent Ventures.

Matrix Partners India and Axis Bank have provided an undisclosed amount of series B funding for Mswipe, a company offering cost-effective mobile phone point of sale solutions.

Breaker, a Tokyo-based producer and distributer of mobile video entertainment, has closed $2m in seed funding.

MobStac, a platform that provides a mobile-specific e-commerce experience, has raised $2m in series B funding.

Gridle, a finalist at the Microsoft BizSpark India Startup Challenge 2013, has raised R1m ($16,300) in seed funding.

Indian telecommunications company Bharti Airtel is yet to make an investment through its $33m fund, six years after it launched.