The country that’s ‘high risk, high return’ for start-ups

After decades of dictatorship and international sanctions, Myanmar (formerly called Burma) is now home to a small but fast-growing tech start-up scene, offering everything from home-cooked food deliveries to comic apps. But the country is still considered too risky by many big international investors. Dressed in a traditional Burmese longhi and a conical hat offering […]

Myanmar’s Phandeeyar Accelerator startup graduates Chate Sat, White Merak secures six-digit funding

Myanmar’s Phandeeyar Accelerator startups Chate Sat, a freelancing platform and White Merak, an animated comic application have secured a six-digit funding each from local and foreign investors on Thursday. Chate Sat which means connect in Burmese, has raised the investment from Vulpes Investment Management Pte Ltd back in May, alongside additional investment from Theta Capital based in Singapore […]

Burma’s Next Generation of Tech Entrepreneurs Showcase Start-ups

RANGOON — Burma embraced a fresh generation of tech entrepreneurs who have abandoned traditional paths, as the country’s first startup accelerator presented its “most promising” tech startups. Phandeeyar, a creation space for the country’s technology community, organized a six-month domestic startup accelerator program last year to encourage entrepreneurship and attempt to ease a lack of […]