Myanmar-focused UMJ Ikeya scouts for scalable startups, mulls follow-on rounds

Myanmar-focused UMJ Ikeya scouts for scalable startups, mulls follow-on rounds

A Myanmar flag is seen at the Martyrs' Mausoleum during a visit by Japan's Prime Minister Shinzo Abe in Yangon on May 25, 2013. REUTERS/Soe Zeya Tun/Files

Myanmar-focused UMJ Ikeya Investment Ltd, which has been engaged in venture capital play in the frontier market, is scouting for the next batch of scalable startups and is also looking to make follow-on investments in its existing portfolio, a top executive from the investment firm said.

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