The private equity unit of financial services firm Kotak Mahindra Group reportedly invests $24.4m in the automotive parts supplier.

Tencent reportedly is looking to invest in at least 10 companies this year.

Next Media, a Taiwan-based animation company, joins Benchmark Capital and Shasta Ventures backing the US-based games maker.

News provider China Business News said Shanghai Baosteel Packaging, which has US publisher International Data Group's IDG Capital Partners and a private equity arm of China-based financial services group Citic Securities as investors, needed capital for expansion by its initial public offering (IPO).

Fidelity's India-based private equity unit reportedly led the round raised by the seven year old drug discovery company.

Mixi, Xing and D2 Communications as well as Japan's Organization for Small & Medium Enterprises are among the backers of the gaming company's corporate venturing unit's first fund.

The $250m fund will reportedly be managed by Fidelity Growth Partners Asia (formerly known as Fidelity Asia Ventures).

Move comes seven years after Intel Capital set up a $50m Turkey and Middle East fund.

IDG Ventures has helped India-based lingerie company Zivame raise its first founding round after it was set up last year.

Covidien is reportedly set to buy the manufacturer of catheters for lung cancer and disease patients, which it backed in a corporate venturing deal last year.