Golden Gate Ventures has closed an oversubscribed second fund at $60m backed by limited partners including Hanwha Life Insurance, Naver and Hubert Burda Media.

The second-hand furniture marketplace, backed by Alphabet and IDG, is in talks to be acquired by an as-yet unnamed "symbiotic company".

StoreKing, an e-commerce company focused on rural customers, has obtained $16m from Axiata.

Two Portuguese corporates, Caixa and Sonae, have joined forces to support the retail analytics startup

Microsoft, Salesforce and Intel have invested in Helpshift, marking the first time the three corporates have supplied capital for a startup at once.

Tsinghua University's accelerator program backs food delivery service Xia Baby, which focuses on crayfish.

Flipkart is reportedly in talks to sell a stake to media conglomerate Bennett, Coleman and Co.