The fashion brand, which caters to a US customer base, has now raised almost $15m, after IDG invested for a second time.

Convibo offers customers an opportunity to collect their shopping from refrigerated lockers.

The e-commerce company will work with eight start-ups at a time as it seeks to adapt to an Indian economy that is increasingly moving on to mobile devices.

Bertelsmann made its second investment in the menswear brand, which has now received $20m since it was founded.

The e-commerce company is planning to launch the largest IPO ever, putting Yahoo in line to earn $8bn.

Salesforce has launched a $100m fund that will invest in companies developing technology related to its app building platform, while alcoholic drinks producer Diageo is also entering corporate venturing.

IDG Capital participated in the Morningside-led round, which will be used to expand its workforce and sales efforts.

China Investment Corporation makes an undisclosed investment to secure 5.2 million shares.