Myanmar based trucking startup Kone Si gets additional funding for nationwide expansion

Yangon-based on-demand trucking start-up, Kone Si has received a six-digit investment for nationwide expansion from Yangon Capital Partners (YCP), a Myanmar-focused venture capital under Trust Venture Partners, a local financial advisory firm, and Nest Tech– a Vietnam-based venture capital company as reported by local media. This is the second round of investment for Kone Si […]

Myanmar ride-hailer’s CEO looks to raise funds

Oway, Myanmar’s largest online travel and ride-hailing company, is in the market to raise capital to ramp up its expansion across the country. Founded in 2012, Oway started out as an online travel platform and entered the ride-hailing market in 2015. The company has to date raised total funds of $24.7 million from investors including […]

MoE, KfW sign agreements on funding nearly euro 10 mln for TVET reform

Department of Technical and Vocational Education-DTVE of Ministry of Education and German Development Bank (KfW) signed a financing agreement and other separate agreements on funding nearly euro 10 million on implementing “TVET Reform Programme Phase II” at the ministry in Nay Pyi Taw yesterday. Speaking at the Signing Ceremony of “TVET Reform Programme Phase II” […]

Cambodian internet startup company Groupin secures US$5M Series A funding

Groupin, a holding company of e-commerce Little Fashion and digital media firm Mediaload, based in Cambodia, has announced a Series A funding of US$5 million from Mekong-focused private equity firm Belt Road Capital Management (BRCM). The company claimed that the funding is the largest in the history of Cambodian tech startups. Also Read: Regulatory tech […]

Myanmar freelancer platform Chate Sat raises 6-digit funding to expand its team

Technolic, the parent company of Myanmar-based freelancer platform Chate Sat, has raised a six-digit funding in a Pre-Series A round led by Singapore-based angel investors, Willy Ballmann and Keizo Fujitake. The company will use the newly-raised capital to grow its internal business resources and expand its team. Launched in 2016 by Phandeeyar Accelerator Cohort 1 […]

Myanmar looks abroad for investment in healthcare

YANGON (Reuters) – Yangon General Hospital was once the jewel in the crown of one of Southeast Asia’s best healthcare systems. These days, hundreds of patients are forced to sleep in corridors of the hulking, colonial-era red-brick building, dogs doze on the floor of the emergency ward and garbage is piled in corners. It is […]

Yangon’s outdated buses to be replaced with new city buses

Outdated buses in Myanmar’s largest city will be replaced with new foreign city buses, according to reports from Yangon’s regional government. Private motor companies have been granted licences to import foreign city buses with their own funding. Yangon’s regional authorities are making it a priority to issue import licenses and permits to run the new […]