Travel portal FlyMya buys Go-Myanmar.com for six-digit sum

(From left to right) Mike Than Tun Win, founder of BOD Tech, Marcus Allender, founder of Go-Myanmar and Nyein Chan Soe Win, executive director of BOD Tech.

Singapore-registered one-stop domestic travel portal operator FlyMya Pte Ltd has acquired Go-Myanmar.com, a travel website, six digit (US dollar) sum, the company announced on December 12.

Go-Myanmar.com provides all travel-related information to visitors to Myanmar and enables them to manage their trip including online booking for buses to package tours.

Founder Marcus Allender, a British national who spent a month travelling in Myanmar, created the website in 2012. Go-Myanmar, which attracts 3,000 visitors per day, offers travel information through blogs, photos, videos and search engines.

“The synergies are clear: Go-Myanmar.com’s content and online profile combined with FlyMya’s technical capabilities, experienced team and willingness to invest in an online travel future make for a perfect fit,” said Marcus Allender, founder of Go-Myanmar.com. Outside the team based in Yangon, Go-Myanmar has expert guides at locations around the country to support a better travel experience.

This is known to be FlyMya’s second acquisition in 2017 after it bought London-based SWITCH.CM, an engineering team that design reservation platform, in April for $600,000.

Flymya.com is fully owned by Mike Than Tun Win who also has established a Venture Capital arm, BOD Tech, set up in 2014 and employs a ‘founder funding concept’, taking over 50 per cent stake supporting with cash investment.

“Go-Myanmar.com is one of the best known brands in Myanmar travel, as well as a trusted source of information for hundreds of thousands of people every year planning and booking their trip to Myanmar,” said Win, CEO of FlyMya.

Just recently, in early December, BOD Tech led an undisclosed investment in DedaaBox, a video-based mobile learning platform. It also participated in the six-digit Series A investment in Myanmar Online Creations, the developer of a number of localized online content and tools.

In the travel and tourism space, back in September 2016, BOD Tech invested $200,000 in Star Ticket, an online bus-booking platform.

Some other portfolio firms of BOD Tech include shopmyar.com, an e-commerce platform; Yangondoor2door, a food delivery startup; and Laundry.com.mm, an online laundry service.

Also Read:

Myanmar: BOD Tech leads funding in mobile learning platform DedaaBox

Myanmar: Flymya acquires UK travel reservation developer SWITCH.CM for $600K

Bus booking platform Star Ticket raises $200K series A from Myanmar BOD Tech

 

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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.