Asia Digest: EME leads seed round in Ezay; Intrepid secures series A

Sule Pagoda, Yangon, Myanmar. Photo: Harish Shivaraman/Unsplash

Myanmar-based early-stage investment firm Emerging Markets Entrepreneurs (EME) has led a six-digit seed round in Ezay while e-commerce service company Intrepid Group has raised an undisclosed Series A funding led by Kairous Capital.

EME leads six-digit seed round in Ezay

Myanmar-based early-stage investment firm Emerging Markets Entrepreneurs (EME) has led an led a six-digit seed round in Ezay, a Yangon-based rural e-commerce startup, according to a statement.

Founded in August 2019 by ex-Oway employee, Kyaw Min Swe, Ezay is a mobile platform connecting rural ‘mom and pop’ shops with wholesalers. The startup plans to expand its coverage across the country and also widen its service offerings.

“We often hear people talking about ‘digital leapfrog’ in Myanmar but this investment really represents the value that mobile solutions can bring to rural communities across the country. Kyaw Min Swe is a great founder and we’re very excited to support him with his mission,” EME investment director Hitoshi Ikeya said.

EME focuses on ‘tech-plus’ companies that are layering technology on top of existing networks and industries. It has made six investments in Myanmar to date: CarsDB, Joosk Studio, Lan Thit Masterpiece, Mote Poh, Yangon Broom and Natural Farm Fresh.

E-commerce B2B firm Intrepid secures Series A 

E-commerce service company Intrepid Group has raised an undisclosed amount in a Series A funding round led by venture capital firm Kairous Capital, according to an announcement.

Sun SEA Capital and 500 Startups Vietnam also participated in this round.

Intrepid enables e-commerce sales by offering store management and online marketing services. The Singapore-based company also offers integration with third-party logistics providers.

It has operations in Vietnam, Philippines and Indonesia and aims to expand across Southeast Asia.

Kairous Capital is a cross-border venture capital firm focusing on China and Southeast Asia with offices in Kuala Lumpur, Shanghai and Hong Kong.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.