The startup, which offers a hyperlocal delivery service to small businesses, raised the cash from investors including logistics company Delhivery.

The employment assessment firm has set aside $1m to support edtech and employment technology startups in India, China and the US at seed stage.

The Alphabet-backed background checking service is seeking to raise at least $30m in a round that will follow a $9m series A round last year.

TAL Education took a 32% stake in Phoenix, the operator of China's most widely used e-learning platform, through the deal.

The corporates joined KKR to supply $300m to 58.com's local services subsidiary, which is now valued at $1bn.

Quikr, which is also raising cash at a $1.5bn valuation, is set to acquire the Google-backed property listings platform for about $160m in cash and stock.

The merger of Dianping and Meituan is emblematic of the consolidation in China's internet sector, where growth is essential to prevent being overtaken by businesses with bigger wallets.

The China-based local services and group buying companies had raised a combined $2.6bn from backers including Alibaba, Tencent, Xiaomi, Fosun and Wanda Group.