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

Star Ticket, an online bus ticket booking platform, has raised a $200,000 funding round from BOD Tech, a Myanmar-focused local internet company.

The company will use the proceeds to expand its operations and marketing reach across 12 cities in Myanmar, said Thet Mon Aye, managing director of Ignite Software Solutions, who initiated the Star Ticket project.

Star Ticket allows users to book bus tickets online or make the payments offline at the nearest convenient store.

“Currently we have our software working in 12 cities. With the help of BOD’s investment, we can grab other bus operators at those 12 cities,” said Aye.

Aye won the Rice Bowl award for tech startup of the year in 2015 for the Star Ticket project. She was also mentioned among Forbes Asia’s under 30 young entrepreneurs in 2016.

BOD Tech other investment in Myanmar include Flymya.com, a travel booking site for making flight bookings, tour packages and car rentals. “By going with them, we can also cross sell our products and it will make us grow quickly. As we are both in travel sector, I chose BOD for strategic partnership,” said Aye during an interaction with DEALSTREETASIA.

Founded by Mike Than Tun Win, BOD Tech has also invested in a number of companies including Flymya.com, inmya.com, shopmyar.com, yangond2d.com, laundry.com.mm and onemya.com. Their latest investment is in a food delivery start-up, Door2Door in which they took a 50 per cent stake in early 2016.

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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.

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.