Medtronic, Novartis and SinoPharm are among the investors in a series B round for Semma Therapeutics, which is working on a treatment for patients suffering from diabetes.

SoftBank is aiming to acquire shares from existing investors in Flipkart, valuing the business at $9bn to $10bn for the deal.

Legend Capital has led a $37.5m funding round for Alo7 and was joined by existing investors Qualcomm and New Oriental.

SoftBank and Dragoneer have been joined by Tencent, Sequoia Capital and TPG as investors hoping to purchase shares in a secondary transaction.

The biotechnology developer was backed by Zhongji Holdings in the round and will use the capital to complete product development on its temperature management device.

Wistron is set to exit Advanced Telematic Systems as mapping company Here has agreed to acquire it for an undisclosed sum.

Lam, a GCV Powerlist 2016 winner, founded the Time Warner Investments group in 2003 and invested more than $325m in 54 companies before leaving earlier this year.

Qualcomm and Harman-backed Navdy has contacted potential creditors as part of a bankruptcy process known as General Assignment for the Benefit of Creditors.