Religare takes 40% of asset manager IPRO.

SingTel Innov8 money will help Stream Media's develop its payment platform, MoVend, for online games published by UK-based Hyperbees and China's GoodTeam Studios.

The strategic corporate venturing investment in Square came 12 months after Visa linked up with DeviceFidelity to launch its version, In2Pay, of Square's service.

Sovereign wealth fund Oman Investment Fund is reportedly to buy about 5% in Universal Commodity Exchange (UCX), an India-based multi-commodity exchange.

ETechAces runs the PolicyBazaar.com insurance portal and has gained Intel Capital as an investor alongside Info Edge.

Joining alongside Brackeen as managing director (MD) at Citigroup are Ramneek Gupta from Battery Ventures and Arvind Purushotham from Menlo Ventures.

Rogers has been setting up its venture operation, Rogers Ventures, with a team led by Greg Tarr and struck its first deal in Payfone, which has also taken on a strategic investment from credit card company American Express

Lord Rothschild's fund management firm, RIT Capital Partners, has formed a joint venture with China-based firms Creat Group, which manages RMB6bn ($900m), and Quercus Ventures to manage the $750m fund to help China-based companies take minority stakes in overseas peers.

World Economic Forum and consultancy firm Oliver Wyman's report finds long-term institutional investing to shrink and will affect company strategy.