A good news for entrepreneurs ! Two entrepreneur companies got funding too...
Two startups in Myanmar got funding today to help their online classifieds sites battle Rocket Internet in the country. MyanmarCarsDB and iMyanamarHouse got an undisclosed amount of funding from Malaysia’s Frontier Digital Ventures.
The two sites are made by two different web portal companies. The team behind MyanmarCarsDB also runs other sites like MyanmarHouseDB, while iMyanamarHouse is created by the iMyanamar Group.
Shaun Di Gregorio, the former CEO of iProperty Group, heads up the VC firm behind today’s funding news. He explains to Tech in Asia that the respective entrepreneurs behind the two companies will concentrate just on these sites – MyanmarHouseDB and iMyanamarHouse – in order to extend their market lead: