The India-based e-commerce company has now raised more than $1bn in funding, while SoftBank gears up for further large investments.

Corporate-backed companies Baidu, Qihoo360 and Ping-An all committed capital to Carmel's fourth fund, which has already invested in five start-ups.

Online marketplace Tokopedia has secured $100m in funding from Softbank's internet and media subsidiary and its SB Pan Asia Fund.

The internet company took a 10% share in e-commerce platform Koudai, which is aiming to leverage a partnership with WeChat to sell more widely.

The augmented reality company has now raised almost $600m in total, after Qualcomm and Legendary Entertainment joined Google in the round.

Future Lifestyle Fashion, the fashion arm of retail conglomerate Future Group, has acquired a majority stake in shoe manufacturer, retailer and distributor Elisir Lifestyle.

Emerson Climate Technologies is building an innovation centre on campus.

Fashion shoe retailer Moda in Pelle has receive $5.6m from Business Growth Fund to improve its current stores and improve its presence online.

Razer has reportedly closed a recent round of funding from Intel Capital which values the company at at least $1bn.