The corporate has already begun talks with potential limited partners for a second fund, while considering a $3bn investment in Paytm Mall.

Existing backer Rakuten Ventures co-led a series C round for the used goods e-commerce platform, bringing its total funding to $127m.

The eyewear retailer Lenskart plans to provide a total of up to $3m for strategically compatible startups, the first of which is ThinOptics.

RGU expects its University Entrepreneurship Accelerator to back at least 25 projects each year in areas such as healthcare, digital and social enterprise.

The Amazon-backed baby monitor developer will use the proceeds to support the launch of two new products this year.

The social commerce platform, backed by Tencent and Bertelsmann, has hired Morgan Stanley, Credit Suisse and China Renaissance as underwriters for its initial public offering.

Walmart invested in the e-commerce platform at a $20.8bn valuation, allowing SoftBank, Naspers and eBay to achieve billion-dollar returns.