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.

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the Rocket and Ooreedo-formed Asia Pacific Internet Group.

Koubei and Ant Financial joined asset manager CDH Investments for catering service provider Xiyun International's series A round.

The food and agtech accelerator has accepted an inaugural cohort of eight, with half of the intake focusing on the agtech space.