The Phandeeyar Accelerator demo day was attended by guests that include 30 investors from 20 local and regional venture capital firms, as well as 40 angel investors
Myanmar-based startup accelerator programme Phandeeyar Accelerator on Thursday announced the conclusion of its second batch through a Demo Day event held in the programme’s office in Yangon.
The programme named seven startups graduating from its second batch, which are:
A last-mile delivery service provider that connects shops and customers. The startup aims to create new income stream for young people by relying on students and part-timers to deliver packages; it also offers cash handling for its clients.
Working with 26 active online shops, Amazing claimed to have delivered over 2,500 deliveries since launch in October 2017.
A music streaming service that supports artists with royalty management and listeners with an “easy, accessible” platform. The startup has the vision to help local music industry expand regionally through its technology.
It claimed to have over 3,500 songs available on its platform with over 7,000 app installs in just over two months since launch.
A load-pooling logistics solution provider for small and medium enterprises in the retail sector. The startup aims to help its clients save 50 per cent of their logistics costs, increase their retail reach, and focus on other productive tasks. It was founded by professionals with past experiences in hospitality, telco, retail supply chain, and logistics sectors.
Within two months of the operations, it claimed have worked with over 10 repeating clients to deliver over MMK120 million (US$90,000) worth of goods.
A tutor booking platform that provides services for students of all levels and working people; the startups said it even have clients who are foreign expats working in NGOs or international companies.
It claimed to have over 400 registered tutors, 35 official tutors and over 50 customers, amounting to over 1,200 total tutoring hours.
A software solutions company that provides services for the healthcare sector such as hospitals, clinics, and laboratories. It digitises medical records and services with a mobile first system.
It is currently working with 11 hospitals.
A recycling solution provider that offers recyclable waste pick-up and recycling services to responsible corporations and organisations, in addition to waste audit and secure document disposal services.
It currently provides services to two high-end office towers, one international school, and a few NGO offices and companies.
The startup provides a marketplace that connects busy workers with home cooks, providing them healthy home-cooked meals while also helping homemakers make extra income. In addition to providing door-to-door deliveries, it also provides catering services for special events.
The startup is working with 15 selected housewives and claimed to have delivered more than 3,500 lunch boxes in total and have done five catering services. It also claimed to have MMK10 million (US$75,500) in revenue.
The demo day event was attended by guests that include 30 investors from 20 local and regional venture capital firms, as well as 40 angel investors.
“Founders of the seven startups graduating this year had tremendous improvement in the past six months and are now ready to get an additional round of funding. It will fuel their growth and help them to address some of the biggest customer needs in Myanmar. We are proud of they accomplishments and confident this is just the beginning of their successful stories,” Phandeeyar Accelerator Director João Dutra commented in a press statement.
Image Credit: Phandeeyar Accelerator
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