Juliet
Correspondent, Myanmar Email: jshwegaung@dealstreetasia.com
Stories by Juliet
Myanmar Digest: MSH gets nod for Yangon school; SPARX backs MyanCare
MyanCare Telemedicine, a healthtech company, has raised an undisclosed pre-Series A funding from Japan’s SPARX Investment Group.
China’s electric vehicle startup Enovate Motors closes $298m Series A
Enovate has so far raised over RMB 6.5 billion ($760 million) in funding since the founding in mid 2018.
Singapore’s Komorebi Food Ventures picks 30% stake in Dosirak
The deal will help Singapore-based Dosirak - which means lunch boxes in Korean - expand its brand across Asia.
Australia Digest: State awards $886k to Singapore’s IIX; Shebah raises $1m
IIX will use the proceeds of the funding to support the growth of 500 impact enterprises across Asia.
IFC proposes $14m debt package for Pakistan’s Shifa hospitals
IFC has proposed to take up to 12% equity in the company and provide the loan to partially fund Shifa's expansion in Pakistan and Tanzania.
NZ Super Fund targets to invest up to $115m in data centres
CIM Group will be acting as an external fund manager for the investments on behalf of the NZ Super Fund.
HK supply chain compliance platform ICW raises $2.5m led by MindWorks
Innovation and Technology Venture Fund Corporation, set up by the Hong Kong SAR Government, also participated in the round.
IFC grants $3m loan to SLCM to expand Myanmar agribusiness
The capital will be used to expand the company’s warehousing facilities and allied services in Myanmar.
OPIC provides $5m loan to BRAC Myanmar Microfinance
The financing will help BRAC Myanmar provide more loans and increase financial inclusion in Myanmar.
Myanmar may see strategic deals as banking sector opens up for global players
However, the approval for foreign banks to invest in the country is not expected to be a game changer in the immediate short term.
