By Juliet Shwe Gaung
Each of the selected startups receives between £100,000 ($139,000) and £250,000 ($347,500) in funding.
Japan’s Yamato Group and local firm Aye International Group have committed $500,000 in capital to launch a logistics joint venture in Myanmar in 2018.
With presence in Singapore and Vietnam, Spout is marking its entry into Myanmar with an offering that blends education and entertainment.
The Kantharyar Centre sits on a four-acre government land comprising residences, offices, Wyndham five-star hotel and serviced apartments.
BiT got a Series A investment of seven digit dollars in 2016 led by Group Lease Holdings and Alliance Technology Investments.
The additional investment of $60 million will be raised through both equity and debt.
Myanmar’s startups attracted interest from both local and overseas investors who placed their bets on tech and non-tech business models.
Some global impact players have responded to the market potential and need to step up their presence in the country.
IFC is advising the implementation of Yangon’s first elevated expressway under a public-private partnerships scheme.
Yoma Strategic is one of three publicly listed companies that have grown out of a business founded by the elder Pun in 1983, one of the largest conglomerates in Myanmar.