Myanmar’s Oway raises $14.7m from IFC, Daiwa, others

Photo by Ko Ko Myoe on Unsplash

Travel company Oway has raised $14.7 million from investors including Daiwa PI Partners Co Ltd and International Finance Corporation (IFC) for business expansion.

Daiwa PI Partners, a subsidiary of Japan’s Daiwa Securities Group, contributed $5 million in exchange for a stake in Oway Pte Ltd. The deal marks Daiwa PI’s second private equity investment in Myanmar, according to a release on April 11.

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