Italian tire seller Pneusmart has raised €0.765m ($0.86m) of venture funding in an effort to consolidate its market position in Italy, foray into Southern Europe, and expand operations in Germany and Netherlands.

The financiers include Shark Bites, Digital Magics and Rancilio Cube, as well as angel investors.

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"The financiers include Shark Bites, Digital Magics and Rancilio Cube, as well as angel investors."

India-based online lingerie retailer PrettySecrets.com has raised $6m in a funding round led by RB Investments and Orios Venture Partners.

The funding is expected to help the company to break-even by the end of the 2016 fiscal year.

Private equity firm Investcorp has purchased a majority stake in Italian independent menswear brand Corneliani for a £68m ($100m) consideration.

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