The classified listings platform was launched just over six months ago but is hoping its mobile-focused service can topple more established players such as eBay and Craigslist.

IDG Ventures India has returned to back the lingerie e-commerce company for a third time, bringing its total capital to about $47m.

TVS has committed to providing $3.8m, with the remaining cash provided by private individuals and family offices.

Food delivery company Linqu has secured an undisclosed amount in series B from investors including IDG Capital Partners and Qiming Venture Partners.

The online food ordering service, reported yesterday to have raised at least $90m, has confirmed a Hualian and JD.com-backed round that valued it at more than $3bn.

The shopping centre operator supplied the cash alongside an undisclosed sum from backers including JD.com, which took part in Ele.me's $350m series E in January.

Meredith Schwarz has left General Mills, where she launched its corporate venturing fund, to join consumer goods-focused private equity firm Encore Consumer Capital.

The student-focused e-commerce company has secured $31m ahead of its series B round from investors including existing backer Legend Holdings.