Mahindra & Mahindra has agreed to buy a 55% stake in BCC-backed Meru Cabs for $14.5m, in a deal that could reach more than $28m in total.

The Capital One and Symantec-backed consumer credit management platform has now raised $110m altogether, and the latest round will fund hiring and technology development.

The home services platform increased its overall funding to nearly $30m in a series B round that included Ferguson Enterprises, Liberty Mutual, The Hartford and State Farm.

The fashion-focused e-commerce and media brand raised $40m in a round that was led by corporate-backed existing investor EV Growth.

Alibaba has reportedly put a temporary halt to deals in India to focus while it waits to achieve its first exit in the country.

Antibiotics developer MGB Biopharma's lead candidate exploits University of Strathclyde research, and it has just raised an undislcosed amount of new capital.

SoftBank Vision Fund, Naspers Ventures and potentially Tencent are in line to invest in fantasy sports platform Dream11 at a valuation of up to $2.5bn.

Telstra-backed governmental budgeting platform developer OpenGov has now raised more than $125m altogether, after Weatherford Capital and 8VC co-led its latest round.

The corporate contributed to a series B-plus round for second-hand goods trading platform Plum that will fund marketing and the bolstering of its services.

The online coding course company banked $21m in a round led by New Oriental Group that included Oceanwide Holdings and Baicizhan.