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 […]

Ex-Google exec returns to his native Myanmar with big plans

Consult-Myanmar welcomes you to the 27th SEA Games Myanmar, 11-22 Dec 2013Myanmar-born former Google business operations and strategy manager Nay Aung has an ambitious goal: to make online activities, from payment to bookings to e-commerce, the norm in his hometown. Nay Aung, a graduate of Stanford University in California and the London School of Economics, […]