Mumbai, India-based private equity fund manager ASK Pravi Equity Opportunities Fund picked up a minority stake in Chandigarh-based children's clothing firm Indian Clothing League Pvt Ltd for INR50 crore ($8.08 million).

Spree Commerce, a maker of open source software that enables online retailers to build their own online storefronts, grabbed $5 million in its Series B round, VentureBeat reported.

Mumbai, India-based impact investment fund Ankur Capital shelled out INR50 lakh for a 30% stake in each of the Indian rural startups cloud farm-management systems firm Cropln, home compost company Daily Dump, and eye-care service provider ERC.

Private equity fund managers are employing approaches other than traditional buyouts so they can avoid overpaying for Western companies as competition pushes valuations higher, Reuters reported.

Northwest Biotherapeutics, a company backed by venture capitalist Linda Powers, seeks to develop therapies for brain cancer and other tumors after nearly closing its doors a decade ago, Reuters reported.

Henderson Group has plans to grow its assets to £150 billion in four years as it seeks to expand in markets outside the UK, Reuters reported.

Bayside Capital, an affiliate of private equity firm H.I.G. Capital, has bought the Hilton Hotel in London Docklands from Pandox AB for an undisclosed price.

An undisclosed investment amount was given to Germany-based Sunfire from Electranova Capital, the clean technology venture capital fund of Idinvest Partners sponsored by EDF, and Total's venture capital arm Total Energy Ventures.

If You Can Company, a startup that created a game that teaches social and emotional learning to children, has raised $6.5 million for its Series A round ed by Greylock Partners, TechCrunch reported.

Texas-based medical imaging firm Seno Medical Instruments Inc secured $34.6 million of its $39 million Series C equity funding round led by MedCare Investment Funds.