By Juliet Shwe Gaung
Kargo beat 7 other early-stage tech startups from the country.
It surpassed its fundraising target.
The initiative is being planned with a corpus of $293,000 available for local startups.
Myanmar Digest: Nippon Concrete Industries’ JV starts concrete pole production; DHL to invest $113.9m locally
Japan’s Nippon Concrete Industry enters JV for concrete pole plant. DHL will invest $113.9 million to for supply chain business.
Local investors participated in the round.
In a couple of startup related events in Myanmar, Phandeeyar is preparing for the launch of its six-month accelerator programme while Switzerland-based Seedstars World plans to hold a pitching event in Yangon in June. StartUp Challenge 2017 of Phandeeyar saw 11 teams take home $37,500 Phandeeyar, a tech hub in… Read more »
Plants to be set up between the second half of this year and 2020.
Blanchard co-founded Seloger.com which was acquired by Axel Springer in 2011.
Days before the first supertanker carrying 140,000 tonnes of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among hundreds banned from fishing a stretch of water near the entry point for a pipeline that pumps oil 770 km… Read more »
Vulpes Investment Management Pte Ltd is planning to close their fund by the end of July this year, to invest up to $250K in Myanmar startups as a beginning.