Johnson & Johnson Development Corporation backs the Israel-based company which specialises in healing wounds - a market need its founders became interested in during the Israel-Lebanon war [pictured].

The largest investor in the fund is real estate group Shin Kong.

The semiconductor maker adds to its investment in Asia with a step into the Indian mobile market.

The China-based video sharing website led by Gary Wei Wang is 11.4% owned by a unit of International Data Group.

Entrepreneurism explodes as shackles fall away in India.

The corporate venturing unit of chipmaker Intel also reportedly plans to invest $500m this year.

NetworkPlay is reportedly raising its second funding round imminently after securing money from Capital 18 and Goosefish Media Ventures in 2008.

Chakravarthy had been looking at investments in technology and telecoms at Bharti, including its corporate venturing unit Airtel Innovation Fund, which had been closed last year.

The departure follows press speculation the Airtel fund was being closed over the summer, as first reported by news provider Pluggd.in, which described it as "heartbreaking news for mobile (app) developers".

The acquisition follows Yatra.com raising R200 crore ($45m) in April.