The $12m investment was part of a bridge round that reportedly included existing backers investors, Fidelity Growth Partners India, Qualcomm Ventures, Nexus Venture Partners and Catamaran Ventures.

This round brings the total capital raised by RetailNext to $29m, including its $8m B round in August 2011.

Google Ventures, the corporate venturing unit of the eponymous search engine provider, backs A round.

The series A round is reportedly valued at $2m, according to news provider TechCrunch.

TicketStreet has raised $650,000 in a A round of funding from Mitsubishi UFJ Capital and Mizuho Capital.

E-commerce marketplace SnapDeal brings its total round of funding to $102m after raising $50m in a C round of funding led by eBay.

Baidu acquired a majority stake in Qunar in 2011 for $306m.

Unilever Ventures raises $450m, as first reported in our April magazine, as part of a profile of Unilever Ventures, which we named the most influential consumer sector unit in corporate venturing.