The ticketing site, run by BigTree Entertainment at the moment sells 2 million tickets per month,according to news provider VC Circle, which reported the plans to launch the online wallt.

Online flash sales retailer FClub has raised a $30m series B round, which was led by IGC with participation from IDG and other investors.

"Twitter with a voice" company Bubble Motion, which is backed by Singapore Telecommunications's corporate venturing unit, raises $5m series E round from JAFCO.

Consure was started last year after grants from Stanford University-India Biodesign, and medical device maker Johnson & Johnson.

Venture capital firm Mayfield invested R40 crore ($7m) in Centum in June 2010 and was a shareholder alongside Bharti.

Just Dial plans to sell 9.55 million shares in its initial public offering managed by investment banks Citigroup and Morgan Stanley.

The Australia Challenge will see GE and its venture capital partners, Southern Cross, MH Carnegie, Cleantech Ventures, Starfish Ventures and CVC Sustainable Investments, invest $10m in clean-tech start-ups and mid-stage ventures working on low carbon solutions and energy efficiency.

MIH, which in June saw its head, Antonie Roux, sadly pass away at the age of 54, is investing $90m to become the second-largest shareholder in Flipkart after hedge fund Tiger Global, according to news provider Times of India.