Logistics startup Kargo wins Seedstars Yangon, to compete for up to $1m funding


Kargo beat 7 other early-stage tech startups from the country.

AIM-listed Myanmar-focused MIL raises $6.3m to invest in portfolio

It surpassed its fundraising target.

Myanmar entrepreneur body plans to set up angel network

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.

Myanmar Online Creations secures six-digit Series A from local investors

Local investors participated in the round.

Myanmar Digest: 11 teams win Phandeeyar challenge; Seedstars’ pitch session

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 »

Thai contractor TTCL plans over-$6b investment in two coal power plants in Myanmar

Plants to be set up between the second half of this year and 2020.

Myanmar’s ShweProperty ropes in realty entrepreneur Gilles Blanchard as investor

Blanchard co-founded Seloger.com which was acquired by Axel Springer in 2011.

Myanmar: China’s $10b project stirs concern among locals

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 to close Myanmar focused VC fund by July, to invest in tech, startups

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.