MyanCare raises funding
The story: Myanmar based healthtech company MyanCare has secured US$600,000 investment.
Investors: The SPARX Group (lead), Japanese tech company Scala, Japanese pharmacy dispensing chain AIN Holdings.
Plans with the money:
- It aims to boost its “market-leading position in the telemedicine industry” of Myanmar.
- It plans to further expand locally.
What does MyanCare do?: Started in 2018, MyanCare is a telemedicine company. It has two core businesses — MyanCare healthcare app and YinThway paediatric medical call centre service.
MyanCare healthcare app features online appointment with the general practitioners and specialists as well as voice, video, or chatting consultation directly with the doctors via the app. More than 200 doctors and 26 different medical specialties so far are connected with the MyanCare platform.
YinThway provides 24×7 voice consultation directly with the paediatricians via different telecom operators, handling more than 2,000 consultations weekly during COVID-19 pandemic.
Indonesia, Lazada to help digitise 2M SMEs
The story: The government is partnering with Alibaba-backed e-commerce company Lazada to help two million SMEs to speed up digitisation in Indonesia.
How: They aim to do so by using Lazada’s sellers. They intend to recruit the most successful sellers on Lazada Indonesia’s platform into the scheme as tutors, known as kakak asuh.
With 100 such tutors on board, they will work with SMEs in Indonesia to hone their online business skills, tapping into the knowledge and wisdom of those experienced at selling on one of Southeast Asia’s powerhouses of e-commerce.
More details: The tutors will be responsible for the education of around two or three businesses each, ensuring that time can be spent with each company individually. As they are working with small numbers, they can also give additional help to those who need more attention.
Qualcomm investment in Jio
The story: Indian telco startup Jio Platforms is set to receive US$97 million from Qualcomm Ventures in exchange for a 0.15% stake.
This follows Intel Capital’s investment of US$253 million this month and previous investment from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala Investment Company, the Abu Dhabi Investment Authority, TPG Capital, L Catterton, and Saudi Arabia’s Public Investment Fund.
Plans with the money: The fresh funds will go toward supporting Jio to roll out 5G infrastructure and services in India.
What is Jio?: With nearly 400 million subscribers, Jio aims to digitise India’s 1.3 billion people and businesses, including small merchants, micro-businesses, and farmers.
Image Credit: MyanCare
The post In brief: Myanmar’s telemedicine startup MyanCare secures US$600K led by SPARX Group appeared first on e27.