BATS intends to combine the BATS Europe and Chi-X Europe MTFs, which will be known as BATS Chi-X Europe and will account for approximately 25% of overall European equities trading.

Freecultr, an online apparel start-up launched two weeks earlier.

Alongside Tata through its Innovations Fund in the Vortex Engineering round, which is trying to raise R500m, were repeat backers Aavishkaar, a venture philanthropy firm, Bamboo Finance and Venture East.

China's sovereign wealth fund CIC bought their 25% stake in Shanduka - which means change in TshiVenda - for R2bn ($240m).

Tom Kloet, chief executive of TMX, will join BSX's board after buying a 16% stake.

BillSafe will be merged with Ebay's PayPal online payments division.

The $313m fund, launched by financial services company Burrill & Company, will focus on life sciences businesses.

The UBS and GFINet-backed bonds trading platform has raised an additional $16m just six months after closing its previous round.

The online cash management company has closed a series D round with participation from a Citigroup subsidiary, taking its financing over the $40m mark.

DST Global, the investment fund founded by Russian firm Digital Sky Technologies and backing from Chinese internet company Tencent, is investing in online payments company Klarna.