Aside from its car-sharing business, Tribecar also provides fleet management software services to other companies.

Grab Financial increased its revenues by over 40% in 2020.

Nang Ei Ei Mon is the CEO and Founder of How She Did It, a female talent platform to help women upskill.

The investment comes shortly after the Ant Group-backed firm saw a 254% year-on-year growth in transactions in 2020.

Regional investors have also set their sights on Myanmar’s fintech market where 80% of the country’s 55 million people are unbanked.

As Myanmar’s education sector learns from the challenges presented by COVID-19, edtech can remove geographic and socioeconomic barriers to quality education.

The company had been struggling for a while and already laid off 11% of its workforce in September.

Carro aims to triple its revenues and fundraise in 2021. The company is considering an IPO in the next two or three years.