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How Oway plans to win Myanmar as the country strives to build a digital ecosystem

With its online travel agency, ride-hailing services, and corporate fleet services, Oway is one of the leading names in local tech ecosystem Looking at the services that Oway is offering, it is hard not to compare the Myanmar-based startup with its regional competitors Grab and gojek. Starting off an as online travel agency, which was […]

Oway Group receives private equity to expand in competitive taxi market

Oway Group last week received $7 million in fresh funds from Mekong-focused private equity firm Belt Road Capital Management (BRCM), which is headquartered in Cambodia. The online travel service provider, which is founded by local entrepreneur Nay Aung, operates the mobile taxi-hailing service Oway Ride as well as oway.com.mm, Myanmar’s largest online travel portal. The […]

Myanmar’s Oway Group to close eight-digit funding round

Myanmar’s leading travel booking and ride-hailing service provider Oway Group said it is currently in discussions with potential investors to close an eight-digit funding round in October. As part of the round, IFC has made an equity investment worth US$2 million in the startup in early 2017, marking the World Bank arm’s first investment in […]