Myanmar: GSMA Innovation Fund awards six-digit grants to New Day, Kargo

Photo: Juliet Shwe Gaung. Sule Pagoda in Yangon.

The GSMA Ecosystem Accelerator Innovation Fund, which provides equity-free grant funding to startups in Asia-Pacific and Africa, has chosen New Day (Neh Thit) and Kargo from Myanmar for a grant support worth six-digit dollars each, it announced in February.

The startups, part of the second batch of the innovation fund, were among 24 startups based in 15 markets around Africa and Asia Pacific, covering a range of sectors including health, insurance, logistics, using mobile innovation to solve local problems.

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