Oway Group receives private equity to expand in competitive taxi market

Oway Group last week received $7 million in fresh funds from Mekong-focused private equity firm Belt Road Capital Management (BRCM), which is headquartered in Cambodia. The online travel service provider, which is founded by local entrepreneur Nay Aung, operates the mobile taxi-hailing service Oway Ride as well as oway.com.mm, Myanmar’s largest online travel portal. The […]

Hello Cab returns to market with new app, says market big enough for four

Local taxi operator Hello Cab is gearing up to compete in Yangon’s after upgrading its mobile app, managing director U Aung Win said. ‘’We are using an application which was created in 2013 and is no longer up to date. Now, we are drawing on new software to build the app and hope to finish […]