Alongside IDG (which operates a corporate venturing affiliate in Vietnam) in backing VYE are Vietnam's HCM City National University, local university Stanford's Technology Ventures Programme and venture capital firm VinaCapital.

Alongside Stanford Technology Ventures Programme in backing VYE are Vietnam's HCM City National University, US publisher International Data Group (which operates a corporate venturing affiliate in Vietnam) and venture capital firm VinaCapital.

InnoSpring, which is also backed by China-based property company Shui On Group and Northern Light Venture Capital, will provide incubation services and physical space to technology start-ups wanting to expand into China.

Intel Capital-backed India-based travel company Yatra has reportedly acquired BuzzInTown, an Indian events listings business also backed by the US chipmaker's corporate venturing unit.

Legend Capital, the corporate venturing unit of China-based computer group Legend, and state-backed China-Belgium Direct Investment Fund have taken a minority stake in local conglomerate Wulong's car parts company Wenzhou Yilong Automobile Parts for RMB40m to RMB60m.

Venture capital firm Sequoia Capital made up the final member of the consortium.

Praj will buy 50.2% of Neela for R64 crore from Tata, stock market investor Rakesh Jhunjhunwala and the Norwegian sovereign wealth fund, according to news provider VC Circle.

Yum had previously taken a minority stake in Little Sheep from private equity firm 3i.

CyberAgent Ventures plans to invest up to US$8M in six to eight Indonesia-based companies in 2012, reported news provider e27.