The $350m fund will provide capital for Gingko spinoffs and has attracted limited partners including Viking Global Investors, General Atlantic and Cascade Investment.
Bertelsmann Asia Investments has returned for the cross-border e-commerce platform's latest round, having backed a series C round of equal size in early 2018.
Ant Financial is in discussions to lead the round, which could boost the online restaurant portal's valuation to $4bn and its stake to nearly 29%.
Joyoung-backed online grocery platform Benlai has received $200m in a series D1 round led by SF Express-owner Mingde Holdings.
Emtek and Shinhan Financial Group helped e-commerce marketplace operator Bukalapak close a series F round of undisclosed size at a valuation topping $2.5bn.
Google returned for a funding round that valued Dunzo at up to $200m, and the on-demand delivery service now plans to form new partnerships to expand.