Asia Digest: EQuest Education backs 789.vn; SeedMyanmar invests in Better HR

EQuest Education Group has invested in edtech company 789.vn while SeedMyanmar Ventures has injected a six-figure sum into human resources solutions provider Better HR.

TAEL Partners-backed EQuest Education invests in 789.vn

EQuest Education Group, formerly known as Institution of American Education, has invested in 789.vn, an edtech company that helps teachers digitise exam paper preparation and grading.

789.vn claims its technology can save 90 per cent of time and effort and up to 99 per cent of resources that would be required by manual processing. It can also do automatic grading, update test reports and push the reports to parents and designated recipients.

The edtech startup has also started to digitise lectures and applying augmented reality and virtual reality technology to maintain the relevance and sustainability of the platform, according to Nguyen Quang Trung, CTO of EQuest.

EQuest received an eight-digit US dollar funding from TAEL Partners in 2018. The firm was established in 2003 and currently has 15 schools and member entities, ranging from high schools to vocational schools and colleges.

Better HR secures six-figure funding from SeedMyanmar Ventures

Myanmar-based HR solutions provider Better Technologies Pte Ltd (Better HR) has raised six-figure funding from Singapore-based venture capital firm SeedMyanmar Ventures Limited, according to an announcement.

Better HR is a spinout of nexlabs, the leading digital consulting company in Myanmar, and offers solutions to small and medium-sized companies to manage their people and run payroll.

“The funding from SeedMyanmar allows us to greatly accelerate our product and sales expansion not just in Myanmar but regionally across South East Asia”, said Ye Myat Min, CEO of Better HR.

Launched in 2017, SeedMyanmar Ventures is an early-stage venture investor focused on the Myanmar market. Managed by Vulpes Investment Management of Singapore, the VC currently has a portfolio of 10 growth companies in Myanmar.

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.