Paytm has paid an undisclosed amount for the AI technology developer, which raised $7.7m in a Flipkart-backed round in 2015.

The Salesforce and WPP-backed business data platform has set the range for an offering that would raise $202m at the top of its range.

University of Minnesota spinout Flipgrid has been acquired by Microsoft for an undisclosed sum, three years after raising $17m.

Rocket Internet remains the largest investor in the home products marketplace, which has floated in a $174m initial public offering.

The surprising acquisition comes less than a month after the company had filed for a $100m initial public offering.

Uxin has set its pricing range at $10.50 to $12.50 per American Depositary Share, with Baidu, Legend Holdings and Tencent all in line to exit the used vehicle marketplace.

MIT spinout and automated statistics technology developer Empirical Systems had raised $2.5m from investors including Hyperplane Venture Capital and Brain Robotics Capital.

Eon-backed fuel cell technology developer Bloom Energy was rumoured to be seeking an initial public offering in 2016 and has not made any funding announcements since then.