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 […]

Black Friday : e-commerce sales taking off in Myanmar

Shop.com.mm, Myanmar’s largest e-commerce platform, are providing access to substantial discounts and unmatched variety for their Black Friday Sale, November 25th-27th. Black Friday Sales traditionally take place on the Friday after Thanksgiving (late November) in North America and have come to be one of the largest shopping days of the year. It was not uncommon […]

Jovago Seeks Local Partner Hotels in Chin State

Online hotel booking site Jovago, backed by Rocket Internet and Ooredoo, said it is looking for partner hotels in Chin state as the northwestern state attracts increasing number of visitors. “Our ambition is to propose hotels everywhere in Myanmar, even in the most remote zones. Chin state is one of them – a very beautiful […]

Rocket Internet eyes Myanmar, Bangladesh, Pakistan markets

Rocket Internet, the German startup-builder, has big plans for Asia. Its Asia Pacific wing – a joint venture with Qatari telecom company Ooreedo – plans to launch at least one new company per quarter in the region. Next up on Rocket’s agenda are countries not typically considered to be hotbeds for online startups: Bangladesh and […]

Myanmar businesses slow to adapt to improvements in Internet

Our study of the Myanmar industry shows that Myanmar businesses are still lagging behind in the use of Internet technology. We studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail. Our study […]

Online Retailer Daraz Raises €50 Million

Daraz, an online retailer in Asian frontier markets, has secured €50 million ($55.9 million) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific […]

Shop.com.mm launches iOS App in Myanmar

A new app for Apple iPhone and iPad users to buy directly from the app – shopping on the go Yangon, May 25th, 2015: shop.com.mm, Myanmar’s leading online shopping mall, has launched its iOS mobile app in the country for Apple iPhone and iPad users. The online shopping app is designed to provide a user-friendly […]

Singapore’s ConnectNPay helping to stir up Myanmar’s financial sector

Since Myanmar opened up its economy in 2010, after one of the most brutal dictatorships in Asia, capitalism has been on the rise. The country’s abundant natural resources, strategic location between Asia’s powers India and China, and its largely untapped market of 60 million people have caught the interest of foreign investors. Singapore-based startup Leo […]

Digital future for online pioneer

A marine engineer by training, Ko Aung Kham, 23, has followed his personal interests into blogging and information technology. He is now chief editor and team leader at Yo Yar Lay online news and program manager at Phandeeyar Myanmar Innovation Lab. He also studied in Singapore to be a Microsoft Certified Technology Specialist and has […]

Startups in Myanmar Land of temples and tech

The startup culture germinates in an unlikely place REMARKABLE views greet visitors to Phandeeyar, an open-plan office and events space which sits atop a tower block in the centre of Yangon, Myanmar’s biggest city. Its north windows frame golden pagodas and colonial mansions; to the south weather-beaten cargo ships glide up the Yangon River. The […]