As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]

Myanmar sees rare series A investment as startups finally take off

Ever since Myanmar opened up its economy following one of Asia’s most brutal dictatorships in 2010, everything from politics to culture and business in the once-isolated nation has radically changed. From being virtually off-grid, Myanmar has seen mobile usage rocket. This largely untapped market of 60 million people has caught the interest of entrepreneurs and […]

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 […]