Ko Shwe Ventures, the company behind the oral health product Zingo, has raised US$ 350,000 of seed funding. The funding from international investors will be used to expand its products across the region. According to an article in the Myanmar Times, the company has spent three years conducting research and clinical trials for Zingo. The chewing gum and mouthwash is designed to address the high amount of chewing betel nut across the country. The company will use the latest funds to expand its presence in other parts of Southeast Asia. There are 600 million betel users in the region which Zingo can target, the article said. Ko Shwe founder Mr Sam Glatman said that the funds will allow Zingo to expand “in Myanmar and beyond, as well as [fund] further product development”. In December, Zingo was awarded best in innovation for the Young Entrepreneurs Awards 2018, by the French Chamber of Commerce in Myanmar.
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