IvyCap is now the lead investor, while Thomson Reuters will remain a shareholder in the new entity, renamed as RML Information Services.

MIH, the corporate venturing unit of South Africa internet media company Naspers, has backed alongside venture capital firms a $200m fifth round of funding for India-based online book business, Flipkart.com. The funding will help the business strengthen its distribution networks and expand its product lines to compete with global player Amazon.com in its local market of India.

Rocket Internet lays claim to being the world's largest internet incubator after raising $500m since May 2012 from partners Investment AB Kinnevik and Access Industries.

Healthy snacks are all the rage across Europe and Asia, but not all brands deliver direct to your door in Asia. IDG has backed a relatively new food brand, Three Squirrels,that has gained a big customer following in China.

IDG-backed Myntra Designs, which runs lifestyle e-commerce site Myntra.com, is looking to expand across India.

DMG Media joins other investors in near-$10m funding round for online chemist shop.

GE Ventures participates in $15m funding for Lowe's-backed rooftop solar panel maker.