MyanmarCarsDB Pulls Ahead With Frontier Digital’s Investment

Humble founders of digital startups can take heart: Just because a deep-pocketed foreign company plants web stakes in a less developed country doesn’t necessarily spell doom for the little guy. There’s a significant proviso, though, that wasn’t true a decade ago: the first mover startup needs to attract generous angel investors pretty early on. Despite […]

Rocket’s Carmudi rides on Myanmar’s Internet growth potential

Rocket Internet’s car classifieds site is firmly camped in Myanmar, despite it having one of the world’s lowest Internet penetration rates. Even though Myanmar has the world’s second lowest Internet penetration rate, Rocket Internet still believes in the potential of a site advertising cars there. Carmudi, its free car classifieds site, has been running in […]