Xiaomi took a 1.3% stake in the household and smart appliance producer as part of a hardware tie-up strategy.

The entertainment producer will put up 20% of the capital for the fund, which will invest in a diverse range of sectors.

Norwest Venture Partners participated in the referral marketing software developer's latest round, which lifted its total funding to $25m.

E-book platform Ridibooks closed its series A round with investments from financial services firm Mirae Asset and conglomerate Doosan.

Smartphone manufacturer Xiaomi has joined Coca-Cola, Atom Factory and O'Reilly Media as backers of the wearables company, which has now raised $63m in total.

Rocket Internet, which incubated Lazada, returned for a $248m round that added to funds raised from backers including Tesco, Access, Holtzbrinck and Tengelmann.