The prize will be awarded to one of the top 10 finalists of the OzApp Awards to be held next month.

China-based enterprise management software developer Yonyou Software's corporate venturing unit, Yonyou Xingfu Investment, has invested RMB10m ($1.6m) in kitchenware retailer Jiaku.com.

India-based One97's mobility fund has invested in mobile payment solutions provider MobiSwipe Technologies.

Indonesia-based e-commerce site Berrybenka.com raises an undisclosed amount in series A financing from the corporate venturing fund of social gaming company Gree.

David Li, managing director of Warburg Pincus, credited Legend Capital, the investment arm of Legend Holdings, for identifying the potential of China's car rental industry and supporting the build-out of China Auto Rental's fleet and service network.

CFO has received its first round of funding from an external investor, raising Y50m from DMC.

The venture capital arm of GMO Internet Group company and Japan-based venture capital firm, GMO VenturePartners, has launched GMO VenturePartners Fund III.