Mekong investor network to bring overseas angels to tap Myanmar

Photo: Carego International.

Mekong Angel Investors Network (MAIN), started by the Asia Development Bank-backed Mekong Business Initiative and Lotus Impact Fund, is planning to undertake tour missions in Myanmar every quarter from February 2017 with the aim to bring angel investors to the frontier market.

MAIN – whose network includes serial entrepreneurs from Asia-Pacific, US and Europe – will be undertaking similar tours to Cambodia Vietnam and Laos. It aims to bring as many as 1000 angel investors to the lower Mekong countries every year. Lotus Fund too is present in Vietnam and Cambodia. MAIN is also looking at additional investors in Cambodia, Vietnam and Myanmar.

“We just started to build networks (in Myanmar). Cambodia has two angel groups. We’ll do a tour and bring angel investors in Myanmar in February,” Steve Landman, CEO of Carego International and managing partner of Lotus Impact Fund told DEALSTREETASIA on the sidelines of the Mekong Investor Forum 2016 held in Yangon recently.

The Forum – organised by Myanmar Young Entrepreneurs Association, J.E. Austin Associates Inc and US state Department sponsored Tigers@Mekong initiative – brought together over 100 investors from Europe, Australia, Canada, US to meet entrepreneurs in Myanmar.

At the forum, nearly 21 startups pitched their ideas with eight of them from Vietnam, Cambodia and Myanmar shortlisted for the final round. Two Myanmar based startups, agriculture mobile app Greenovator and Genius Coffee, were among the eight finalists.

Landman also said, he expected to introduce a new platform, KIU, to help businesses access the global market. KIU, which will be launched in Vietnam and Cambodia soon, is likely to open office in Myanmar by April next year, he added.

KIU, which is positioned as an e-commerce platform, will allow businesses in the Mekong region to access buyers around the world.

It will act as a marketplace, payment, logistics as well as financing platform. KIU has 100 manufacturers on its platform from Vietnam.

Meanwhile, Landman will also be expanding his healthcare venture, Carego International, to Myanmar by 2017. He is hoping to get licence to operate clinics in Myanmar by early next year.

Landman is looking to invest a minimum of $500,000 in building clinics in Myanmar along with a local partner.

The Carego clinics are self-contained modular care units that are converted from shipping containers. They are designed to provide healthcare services to often remote areas. Carego International also develops facilities and technology solutions for education, enterprises and government entity in emerging markets.

Landman clinics are present in countries including India, Vietnam and Indonesia and will be tested in Myanmar soon.

‘It will be similar to what I have done in other countries,” said Landman. The model will be the same despite some small differences that could exist in every country.

Also Read:

New angel network aims to bring 1,000 investors to Mekong region every year

Mekong Angel Investors Network launches in Vietnam, to incubate 30 startups

Vietnam: Mekong Capital invests in logistics firm ABA Corp from new fund

 

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.