The series A round is reportedly valued at $2m, according to news provider TechCrunch.

Infosys has previously seen some spin-outs, including VAS firm OnMobile and Yantra Corp, which was acquired by SBC Communications.

The fund will specialise in mobile, internet and software technologies in south-east Asia, Japan and the US.

Incubate Fund backs local start-up ResuPress, as it continues raising its second fund.

Language management system, language cloud, has raised an undisclosed amount of funding from CyberAgent Ventures for expansion outside of Japan.

Cybernoids develops two-dimensional animation technology.

TicketStreet has raised $650,000 in a A round of funding from Mitsubishi UFJ Capital and Mizuho Capital.

Online language program Best Teacher has raised $530,000 in a round of funding from GMO Venture Partners and SMBC Venture Capital.

Discount perks platform AnyPerk has raised $1.4m in series A funding from Digital Garage, Ben Lewis, Michael Liou, CyberAgentVenture and Shogo Kawada.

Hertz has acquired a 20% stake in Car and a seat on its board in return for the acquisition of all of Hertz's business in China.