Influencer startup lands Myanmar investment
Myanmar’s UMG Group has invested in Indonesian influencer platform SociaBuzz. The investment — of an undisclosed amount — was via UMG Idealab, UMG’s early-stage venture capital enterprise, the company said in a statement. SociaBuzz, w
Startup incubation begins for five new companies
Five new companies have begun the latest round of the Phandeeyar Accelerator, a startup incubator based in Yangon. The program aims to contribute to the growth of startup companies in Myanmar, and companies are selected based on their potential to pr
Vietnamese company FastGo launches in Myanmar
Vietnamese company FastGo has become the latest ride-hailing app to launch in Myanmar, according to a the Myanmar Times article. As part of expansion plans into foreign markets, FastGo has partnered with local firm Asia Sun Group. The large conglomer
Chate Sat raises six-digit USD funding
Freelance platform Chate Sat has raised six-digit funding in a pre-Series A round led by two Singaporean angel investors, according to a report in DealstreetAsia. The two investors were named as Willy Ballmann and Keizo Fujitake, and the company said
