Telstra Ventures has made a $18.3m strategic investment in US-based aoo platform company, Kony Solutions, which will boost sales and customer numbers for both companies in the Asia Pacific market. Kony funding raised to date is more than $57m.

Naspers and Tencent-backed Ibibo has acquired India-based RedBus, an online bus ticketing service, in a deal valued in the region of a reported $135m. The deal also marks an exit route for RedBus backers.

Calpian, a US electronic payments processing company, is set to see sales figures in its India-based investment, My Mobile Payments, grow substantially if the target company raises an anticipated series B round of between $75m and $100m, which will fuel an ambitious sales and marketing campaign.

PCH International establishes seed-stage incubator Highway1 for hardware start-ups.

Cardiff spin-out MedaPhor signs into exclusive distribution agreement with China-based Tellyes Scientific.

Calendar app company Tempo AI raises $10m series A funding.

Japan fashion e-tailer, Locondo, has raised $6.2m in a series B round from corporate investor Excite Japan.

China private equity firm Hony Capital will back China-based companies looking to acquire non-domestic assets by teaming up with domestic partners. According to Hony founder, John Zhao, there are opportunities in overseas developed markets where asset prices have come down significantly making the second half of 2013 a good time to invest.

IDG Capital Partners, the corporate venturing unit of media technology and research firm IDG, has invested a reported $4m into China-based WeiPass.