Marui Group and Value Create are among the LPs for the venture firm’s Food Future Fund, which is sponsored by restaurant operator En-Rest and is targeting $28.4m.

MAmit Sridharan has departed from his corporate venturing role at Mahindra Group to set up First Rays Venture Partners, which will work with CVCs in deals.

Former GE Ventures CEO Sue Siegel has been selected as chairwoman of the MIT-affiliated fund and accelerator The Engine.

Warner Music Asia will provide capital for accelerator initiatives run by venture capital firm SOSV.

Former B Capital Group partners have formed a $100m venture fund that will principally target Southeast Asia-based technology startups.

MGE Energy, Capital Times and Johnsonville Ventures all contributed to the $6m first close of the Wisconsin student-focused venture fund.

Tencent Trusted Doctors has partnered China Resources' CR Capital fund to establish a healthcare industry fund focusing on the city of Chengdu.

Amadeus Capital Partners has hired Edward Kliphuis, who has left his role as investment director at Merck Group subsidiary M Ventures.

Microsoft, SKion Water and Ecolab are among the limited partners in Emerald Technology Ventures' latest fund, which will invest $100m in water conservation technologies.

Commerce and payment services provider Interswitch has hired Tony Idugboe to head up its merger and acquisitions.