South and Southeast Asia-focused mid-market GP Creador has fully exited its investment in Indian tile maker Somany Ceramics for INR3.26 billion ($50.4 million).
The sale gives Creador a 5.3x multiple and 77% IRR in rupee terms on its investment in the company, according to a release. The GP initially committed INR499.9 million to Somany via its affiliate Latinia...
Chinese private equity-backed online content platform Toutiao has acquired Faceu, a camera app that has received funding from IDG Capital and Lightspeed China Partners.
Singapore will support local start-ups through a S$100 million ($76 million) intellectual property (IP) commercialization fund, with Temasek Holdings set to provide at least half the capital.
Indian education technology start-up IMAX Program has received a $13.5 million funding round from a group of venture investors including the Michael & Susan Dell Foundation (MSDF).
Taiwan Liposome, a venture capital-backed manufacturer of pain medication and treatments for eye conditions, has filed for a NASDAQ IPO.