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Is Vietnam the new AI destination? NVIDIA might say yes!

Didn’t you hear? NVIDIA partners with the Vietnam government to set up AI research data centres.

Vietnam has caught the tech world’s attention once again. This time, it’s not just about manufacturing or distribution hubs; it’s artificial intelligence (AI). NVIDIA, a global leader in AI and computing technologies, has partnered with the Vietnamese government to establish AI research data centres, marking a significant milestone for the nation’s tech aspirations.But what makes Vietnam such an attractive destination for AI?

Let’s be honest. We saw all the big names making further investments in Vietnam – but for AI? Is Vietnam the new AI destination? We — and NVIDIA might as well just say yes!

Vietnam’s AI landscape

Vietnam has long been a go-to destination for manufacturing, with tech giants like Apple, Samsung, and Dell setting up operations. However, AI represents a newer frontier.

Historically, Vietnam was considered “low-tech” compared to regional heavyweights like China and India. But recent years tell a different story.

In January 2021, the Vietnamese government issued a National Strategy for Research, Development, and Application of AI through 2030. The goals? To rank among the top four ASEAN nations and the top 50 globally in AI research and development. The strategy also targets trademarking 10 AI technologies and establishing three national high-performing data centres by 2030.

Reports like the Government AI Readiness Index further validate Vietnam’s potential. Ranked fifth in Southeast Asia and 59th globally in 2021, Vietnam scored high for government support, infrastructure, and data readiness.

NVIDIA’s bold move: A bet or a masterstroke?

NVIDIA’s entry into Vietnam is more than an expansion; it’s a calculated power play. CEO Jensen Huang recently announced plans to establish an AI R&D hub and a cutting-edge data centre in Hanoi. This aligns with Vietnam’s ambitious goal of achieving US$100 billion in annual semiconductor revenue by 2050.

Also Read: AI and healthcare: Navigating challenges and embracing the future

In addition, NVIDIA partnered with FPT, a Hanoi-based tech firm, to develop a US$200 million AI factory.

Equipped with 127 Nvidia HGX H100 server systems, the facility has received approval from US authorities and represents a significant leap in Vietnam’s AI capabilities. This partnership isn’t just about resources; it’s about leveraging Vietnam’s burgeoning talent and infrastructure.

Huang himself has been vocal about Vietnam’s potential. At a roundtable in Hanoi, he noted that Vietnam meets three key criteria to succeed in AI: data, a skilled software workforce, and infrastructure. He described Vietnam as “the future home of NVIDIA,” emphasising that AI’s success relies on processing and utilising data where it originates. AI’s intelligence is built from data and Vietnam’s data is a national resource.

Huang’s enthusiasm isn’t just rhetoric—it’s backed by action. NVIDIA’s investment marks the beginning of a long-term relationship that could transform Vietnam into a global AI leader.

The outlook

This partnership with NVIDIA underscores Vietnam’s commitment to developing high-tech industries and fostering a competitive, skilled workforce. From the establishment of the Electronic and Semiconductor Training Center at the Saigon Hi-Tech Park in 2023 to the proliferation of R&D hubs, Vietnam is laying the groundwork for its transformation into a global technology leader.

Also Read: AI: The secret ingredient for unlocking developer success in Asia

The implications go beyond Vietnam’s borders. For foreign investors, Vietnam is emerging as Southeast Asia’s AI nerve centre. Its young, tech-savvy population and growing infrastructure make it a promising market for technology products and services. NVIDIA’s investment sends a clear message: Vietnam is no longer just a manufacturing hub; it’s a serious contender in the global AI race.

But why does this matter?

The stakes couldn’t be higher—for both Vietnam and NVIDIA. Vietnam’s bold vision to become a global AI powerhouse by 2030 is not just aspirational—it’s within reach, especially with heavyweights like NVIDIA in its corner. For NVIDIA, this isn’t just about expanding its footprint; it’s about cementing its status as a leader in AI while harnessing Vietnam’s immense potential as a data-rich, strategically pivotal nation.

As Jensen Huang so eloquently put it, this is far more than a partnership—it’s the “birthday of NVIDIA Vietnam.”

The future of AI in Southeast Asia is being written right now, and Vietnam is wielding the pen. No longer just an emerging contender, Vietnam is fast becoming the destination to watch. With NVIDIA’s backing, the AI revolution here isn’t just on the horizon—it’s happening in real time, with the potential to redefine the tech landscape across the region and beyond.

If you’re searching for the next epicenter of innovation, keep your gaze fixed on Vietnam. The AI revolution has only just begun, and it’s brimming with promise.

Will Vietnam and NVIDIA together rise to echo Taiwan’s transformative role in the tech world? It’s a thrilling question—and one whose answer we’re eagerly awaiting.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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🤖Rise of the machines: 20 robotics startups shaping Southeast Asia’s future

The robotics industry in Southeast Asia is experiencing notable growth, with projections indicating an increase from US$1.2 billion in 2025 to US$1.75 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.92 per cent. This expansion is driven by advancements in sectors such as automotive, electronics, and logistics, alongside supportive government policies and a focus on Industry 4.0 initiatives.

Singapore leads the region in robotics adoption, particularly in manufacturing and service industries, due to its robust research and development infrastructure and favourable investment climate. The city-state’s emphasis on automation has attracted significant investments, further solidifying its position as a regional hub for robotics innovation.

The COVID-19 pandemic accelerated the deployment of robots across various applications, including healthcare, logistics, and public safety, highlighting the technology’s role in enhancing efficiency and reducing human contact. This period saw robots undertaking tasks such as medical supply delivery, disinfection, and monitoring public spaces.

Despite the positive trajectory, challenges persist, including high initial costs, the need for skilled labour, and cybersecurity concerns. Addressing these issues is crucial for sustaining growth and ensuring the successful integration of robotics across industries.

Also Read: The transformative potential of humanoid robots: A VC perspective

Overall, Southeast Asia’s robotics industry is poised for continued expansion, supported by technological advancements, government initiatives, and increasing recognition of automation’s benefits in enhancing productivity and operational efficiency.

We have compiled Southeast Asia’s 20 prominent robotic startups below:

MEGAROBO

A provider of robotic solutions for industrial laboratory automation. It leverages robotics and AI technologies to enhace productivity and productivity in various life sciences applications, including drug discovery and clinical diagnostics. It provides solutions for throughput drug screening, automated cell line development, and synthetic biology.

Headquarters: Singapore
Established in: 2016
Total investments raised: US$427 million
Investors: Goldman Sachs Asset Management, Pavilion Capital Partners, Starr Group, Redview Capital, Taihecap Capital, GGV Capital, Asia Investment Capital, Harvest Capital, Sinovation Ventures, Joy Capital, Chuangxin Innovation Works, Matrix Partners China, Future Capital, WuXi AppTec, Liandong U Valley, Bosch, Robert Bosch Venture Capital, Inno Angel Fund, PowerCloud Venture Capital, and Zhulu Capital.

Fourier Intelligence

The company provides rehabilitation robotics development and redefining services.

Headquarters: Singapore
Established in: 2015
Total investments raised: US$83 million
Investors: Prosperity7 Ventures, SoftBank Vision Fund, Vision Plus Capital, Qianhai Ark Asset Management, Shenzhen Guozhong Venture Capital Management, Volcanics Venture, IDG Capital, and Prosperico Venture.

Rotimatic

Rotimatic develops a fully automatic flatbread-making robot. The robot comes with built-in artificial intelligence and IoT capabilities with a 32-bit microprocessor that harmoniously orchestrates 10 motors and 15 sensors. Users load the machine with the required ingredients and select the number of bread they wish to make, for it to prepare up to 20 loaves of bread in one go. It claims that the robot mirrors human judgment to adjust the proportion of flour and water in real time.

Headquarters: Singapore
Established in: 2008
Total investments raised: U$48.5 million
Investors: Credence Partners, EDBI, Openspace Ventures, Robert Bosch Venture Capital, SPRING Singapore, NUS Enterprise, Enterprise Singapore, ABCOM Investments, and Rikvin Ventures.

Biobot Surgical

It develops surgical automation devices. The products include a robotic transperineal biopsy device (rTPB), developed through a collaborative partnership that enables surgeons to extract prostate biopsy tissues through two small needle puncture incisions on the perineal skin.

Headquarters: Singapore
Established in: 2010
Total investments raised: US$17.9 million
Investors: ZIG Ventures.

LionsBot

LionsBot develops cleaning robots for commercial applications. It offers vacuuming and scrubbing. Its characteristics include the ability to convey its emotions through its eyes and voice. Some of the other features include obstacle avoidance, auto-docking capabilities, AI-enabled batteries, and multiple cleaning modes. It comes with soft bumpers, an emergency stop button, and clear lights and sounds to avoid collisions with people.

Headquarters: Singapore
Established in: 2018
Total investments raised: US$17 million
Investors: TransLink Capital, Supersteam, and Kyra Ventures.

Eureka Robotics

Eureka provides robotic arms and control software for multi-utility. It develops software and systems to automate jobs requiring both high accuracy and agility in a variety of sectors, including optics, electronics, telecom, electronics, automotive, and more. It offers application-providing features such as coating lenses, cleaning and inspecting lenses, shaft assembling, connector insertions, and more.

Also Read: Navigating challenges and opportunities in the Malaysian robotics industry

Headquarters: Singapore
Established in: 2018
Total investments raised: US$14,750,000.
Investors: B Capital, Airbus Ventures, Maruka Machinery, G. K. Goh Holdings, UTEC, ATEQ, and Touchstone.

EndoMaster

EndoMaster is involved in developing a robotic-assisted surgical system for endoscopic surgeries (minimally invasive surgery). The company claims that the system will enable surgeons to perform incision-less surgery. EndoMaster has tested its prototypes in first-in-man trials and showed positive results. The system can be used for the removal of gastrointestinal tumors endoscopically.

Headquarters: Singapore
Established in: 2011
Total investments raised: US$14.6 million
Investors: Chuang Capital, HOYA, NTUitive, Nanyang Technological University, and SysteMED.

SESTO Robotics

SESTO develops AGVs for warehouses. Its features include payload transfer in warehouses and factories, onboard LIDARs for localization, navigation, and obstacle detection, job tasking and routing, as well as multi-purpose adaptability. It also provides disinfection robots for the healthcare sector. It caters to manufacturing, commercial, warehousing, and healthcare facilities.

Headquarters: Singapore
Established in: 2017
Total investments raised: US$10 million
Investors: Trive Capital, WTI, Singtel Innov8, Heliconia Capital Management, SEEDS Capital, TRIVE, Temasek, and Great Noble International.

NDR Medical Technology

It provides an AI-enabled robotic-based device for image-guided procedures. The company offers Automated Needle Targeting (ANT) system that facilitates accurate and precise needle punctures in the minimally invasive image-guided procedures for lung, liver, kidney, spine, etc.

Headquarters: Singapore
Established in: 2014
Total investments raised: US$5.8 million
Investors: K-Startup Grand Challenge, SGInnovate, NTUitive, MedTech Innovator, and JLABS.

Botsync

Botsync provides robotic solutions for material movement in the logistics industry. Products include material mover and ground mobile robot platform. The material mover features include lift racks or pallets through the lifter module to move it across the facility, it has a lock and pulls option to drag the item from one point to another with automatic lock & unlock, it can move based on size using a free and open module and it also comes with custom-designed rack based on the type & size of the material.

Also Read: Botsync closes US$5.2M Series A financing to further develop autonomous mobile robots

Headquarters: Singapore
Established in: 2017
Total investments raised: US$5.2 million
Institutional investors: Capital 2B, Betatron Venture Group, IvyCap Ventures, AppWorks,
Iterative, ZB Capital, Ascend Angels, Wong Fong, Seeds Capital, AngelHub, Artesian, Venture Catalysts, Locus Ventures, Brinc, Nanyang Technological University, RISE,
Kharis Capital, SAP.iO, CoE-IoT, K3 Ventures, WFVEN, Ntuitive, Ecolabs, CapFort Ventures, and SEEDS Capital.

Augmentus

Augmentus is an online platform offering no-code robot programming. It provides a no-code computer vision and robot motion planning, enabling the programming of industrial robots. The platform is hardware-independent and provides end-to-end integration.

Headquarters: Singapore
Established in: 2019
Total investments raised: US$5 million
Investors: Sierra Ventures, Cocoon Capital, StartupX, and GROW.

DF Automation and Robotics

It manufactures and maintains automatic guided vehicles. The AGVs can be magnetic strip guided or programmed to follow a particular path. Apart from the AGVs, they also develop and market universal robots and autonomous mobile robots.

Headquarters: Malaysia.
Established in: 2012
Total investments raised: US$3.7 million
Investors: Vynn Capital, MTDC, Leave a Nest Capital, pitchIN, Cradle, the Ministry of Science, Technology and Innovation.

Crown Digital

Crown Digital manufactures automatic coffee-making robots. Its system takes customer orders using an app and provides real-time notification when the coffee is ready.

Headquarters: Singapore
Established in: 2015
Total investments raised: US$3.7 million
Investors: Momentum, ParticleX, Leave a Nest, Glocal Link, East Japan Railway Company,
Heliconia Capital Management, SEABD, and Momentum Ventures.

Quantum Intelligence

Quantum Intelligence is a manufacturer of inspection robots. It specialises in automation applications in mining, smelting, and other scenarios and has developed special operation robots.

Headquarters: Singapore
Established in: 2016
Total investments raised: US$2.1 million
Investor: Tianying Capital

BeeX

It develops unmanned underwater vehicles and surface vessels. Its features include hover, robotic, and autonomous marine capabilities for underwater inspections. The company integrates with a software platform so that owners and service providers can collaborate on inspections.

Also Read: BeeX scores US$2M to accelerate autonomous inspection of offshore wind farms

Headquarters: Singapore
Established in: 2018
Total investments raised: US$2 million
Investors: SEEDS Capital, Earth Venture Capital, ShipsFocus, Nus Technology Holdings,
Infinita, ema.gov.sg, Cap Vista, Quest Ventures, IMC Ventures, National University of Singapore, PIER71, and Origgin.

Movel AI

It develops a computer vision system for robots. The company intends to employ camera-based computer vision instead of Lidar. It is working on software that will be able to make sense of the image and identify objects and pathways from it. It caters to the construction, healthcare, and commercial industries.

Headquarters: Singapore
Established in: 2016
Total investments raised: US$1.51 million
Investors: 500 Global, Avi-Tech Electronics, Seeds Capital, SGInnovate, Entrepreneur First, SparkLabs Global Ventures, PT Prasetia Dwidharma, Antares Capital, Founders Capital, 500 Durians, and August One.

CtrlWorks

CtrlWorks has developed and deployed a cloud-based navigation infrastructure and add-on kit that helps reduce robot size and weight. The company’s flagship product, Axon, is an autonomous guidance system that can be integrated into existing platforms via its CloudNav system.

Headquarters: Singapore
Established in: 2011
Total investments raised: US$1.4 million
Investors: Wavemaker Partners, National Research Foundation, Qualcomm, Techstars, NTUitive, and Blue InCube.

AITREAT

AITREAT designs and manufactures assistive robots for doctors and surgeons to aid them during clinical processes. The flagship product is a robotic arm called TCM2R which is a messaging robot. The robot can be pre-programmed with the reference points on the patient’s body and pressure to be maintained. The robot also monitors the patient’s stress and endurance levels to ensure a bearable and therapeutic experience.

Headquarters: Singapore
Established in: 2015
Total investments raised: US$1 million
Investors: Brain Robotics Capital, NTUitive, Bowery Residents Committee, Tasly, Mega-Tech, AIRX, and Blue InCube.

JAZRO

It provides an online platform offering coding courses.
Headquarters: Malaysia
Established in: 2019
Total investments raised: US$280,000
Investor: Gobi Partners.

Maitian.ai

Maitian.ai provides smart vending machines for fully autonomous retail stores. It offers an AI-based self-service smart cashier solution that helps retail owners convert their stores into self-functioning, unmanned retail stores. Its computer vision-enabled technology solution has features like automated payments, marketing tools, shopping path analysis, customer purchasing behaviour analysis, and others.

Headquarters: Singapore
Established in: 2018
Total investments raised: US$125,000
Investors: Y Combinator and TRIVE.

Image Credit: Pexels.

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How AI and digital strategy are shaping the future of connectivity

It’s an exciting year for telecommunication services (telco) industry. Global data usage is on a steep climb, set to triple by 2027, with billions of dollars invested in network upgrades. At the same time, competition is heating up, with everyone from tech startups to retail giants jumping into wireless services.

Customers, too, are demanding quick, top-notch service and better experiences. The convergence of these factors has pushed traditional telcos to embrace digitisation and automation to reimagine growth, efficiency, and service quality.

What are telcos hoping to achieve from digital transformation?

A study by Forrester Consulting commissioned by EdgeVerve found that telcos are striving for operational efficiency and connectivity and exploring new technology operating models, prioritising speed and responsiveness. Their digital transformation agendas are characterised by a clear focus on enhancing customer experience (CX) through operational improvements, data-driven insights, and AI and other emerging technology integration.

Telcos are depending on digital transformation to:

  • Amplify operational strengths: Improve IT security and privacy, IT operating model performance, and efficient query resolution.
  • Become an insights-driven business: Unlock the potential of data and enhance intelligence and automation across IT and business processes.
  • Breakdown silos and build seamless connectivity: Connect strategic data and network silos, establish peer-to-peer networks and partner integrations, harness emerging technologies holistically rather than in isolated pockets, and drive business and IT synergies.
  • Achieve greater operational visibility and efficiency: Merge human insight with AI’s analytical prowess to drive straight-through processing and enhance customer experience (CX), operational efficiency, cost reduction, and risk mitigation.

What happens when telcos embrace digital at scale?

Telcos that are leading the digital charter are witnessing immense gains. Take the case of world’s leading telecom service provider whose contract enforcement teams were overwhelmed with a large volume of tower rental contracts. Heavy dependence on manual review of these contracts affected visibility, efficiency, and accuracy.

They automated the contract review process to identify, extract, and manage data from over 700,000+ contracts. The new platform processed contracts from upstream repositories- building a structured contract summary and enabling teams to exchange important information.

Also Read: How efficient communication drives positive relationships in product development

The platform also assessed risk and flagged high-risk contracts, which augmented negotiation teams’ capability to make decisions that were favourable to the business. This helped the telco optimise rent and utilisation and minimise risk, saving them US$21 million while improving productivity by 60 per cent.

To the discerning leader, the gains from digital transformation success are obvious. However, despite their strong focus and informed intentions, many telecommunications services firms are struggling to drive strategic change with their digital transformation initiatives.

Forrester found that even after pouring over US$100 million annually into digital transformation, a staggering 86 per cent of telco firms struggle to cross the chasm between investment and impactful business outcomes. Few survey respondents could attribute their organisations’ transformation initiatives to any business value. Instead, they resulted in reduced productivity, efficiency, and customer outcomes.

What is holding back digital ROI in telecom?

While the intention to digitise and automate is clear, the execution often falls short. These initiatives often involve complex, long-term projects with a high risk of failure, particularly in today’s volatile market.

Most companies are unsure of where to start their digital journey. The lack of a cohesive digital experience (DX) framework only compounds the problem, making the already challenging issues of siloed operations and fragmented data and networks even more pronounced. Even coveted technologies like AI are unable to scale due to technology immaturity, security concerns, and user trust issues.

These challenges are only widening the divide between digital transformation leaders and laggards in the telco industry. Almost three-quarters of telco organisations are currently in the beginner or intermediate stage of connectivity. Most of these lack concrete execution plans or struggle with the high total cost of ownership and siloed organisational structures that stifle innovation and efficiency.

How can they overcome these challenges and achieve digital success?

Key Recommendations for digital success to optimise their digital processes toward effective outcomes telcos need to:

  • Build connectivity that drives a customer-centric tech strategy. Strategically align business and IT stakeholders on transformation priorities from the early stages. Ensure tools, systems, and metrics come together to build a connected enterprise.
  • Prioritise AI and automation capabilities that remain accountable to employee outcomes. Focus on AI and optimise automation tools and processes to drive more self-service at scale. This focus augments human potential and impacts employee productivity, and, ultimately, CX.
  • Embrace emerging technologies with clearly defined use cases. Define a set of use cases and map capabilities and outcomes to devise a clear strategy to prioritise the right emerging tech capabilities for business success.
  • Optimise partner ecosystems to drive accountability and efficiency while co-creating new approaches. Navigate the complexity of partner ecosystems with platforms that enable visibility and accountability- priming them for scale without hindering success.
  • Leverage a platform strategy that enables you to capture value through efficiencies, insights, and growth. Adopt a platform-based approach that builds the visibility required across internal and external ecosystems, drives the automation agenda to build efficiency, and provides insights for accountable decision-making.

Also Read: Connecting clouds in SEA: How to ensure interoperability in the hybrid and multi-cloud context

The platform-centric approach: A gateway to digital success

A platform-centric approach is emerging as a key enabler for enhancing operational resilience, addressing modernisation and efficiency challenges, and gaining a competitive edge. This strategy connects business, IT, and partner ecosystems, ensuring seamless interaction across systems, data, and processes.

A platform model also gives unparalleled flexibility to telcos by shifting development decisions from traditional build approaches to buy-to-customise or compose models. It enables organisations to minimise technical debt by easily replacing underutilised or expensive modular components.

For telcos looking to future-proof their business, a platform-based approach is key to laying the foundation for a digital ecosystem that not only streamlines integration and automation but also fosters intelligence across processes.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Skor scores US$6.2M funding to tackle Indonesia’s credit market

(L-R) Skor co-founders Karan Khetan, Ongki Kurniawan, and Kush Srivastava

Skor Technologies, the fintech firm behind Skorlife and the newly launched Skorcard credit card, has raised US$6.2 million in a pre-Series A funding round led by Argor Capital.

The round involved both existing investors, such as QED Investors and Saison Capital, and new investors, such as Digital Currency Group.

This latest injection of capital brings Skor’s total funding to over US$12 million. The new round will help the business scale while growing the team with key talent across the organisation. Skor has set clear sights for 2025, with a target of crossing US$100 million in transaction volume.

The company aims to address the underpenetrated Indonesian consumer credit market. Credit card usage in the archipelago remains low, below 3 per cent, compared to regional peers like Thailand (8 per cent) and Malaysia (20 per cent).

A 2022 national survey indicated that less than half of Indonesians understand their finances well. Skor aims to bridge this gap, offering both a digital-first credit card and a credit education platform.

Also Read: Ex-Stripe Indonesia Head’s credit-tech startup SkorLife US$2.2M pre-seed capital

Skor’s journey began with its credit-education product, Skorlife, which launched in May 2023 with a US$4 million seed round led by Hummingbird Ventures.

In March 2024, Skor expanded into credit cards with Skorcard, in partnership with Bank Mayapada International. Skorcard is designed as a digital-first product, with a purpose-built mobile app that uses “gamification” to engage users. The card leverages data in unique ways to assist and engage users.

Skorcard has already surpassed US$10 million in annualised spending volume in its first year. Skorlife, the credit-education platform, has achieved over 2 million downloads.

Ongki Kurniawan, co-founder and CEO of Skor, notes that Indonesia is a supply-constrained market for credit products, and the timing is right to solve this growing consumer need. He believes there is potential to build a 2 million card base customer, and they are highly motivated to achieve this goal with their bank partners. The partnership between Skorcard and Bank Mayapada International is intended to be mutually beneficial, with the bank expanding its BaaS platform for growth.

Skor’s leadership team combines domain expertise, market understanding, and strong financial service networks.

The company recently strengthened its team with the additions of Kush Srivastava, Kirill Odinstov, and Surendra Singh.

In 2022, Skor raised US$2.2 million in pre-seed funding round from a group of investors, including AC Ventures, Saison Capital, OneCard founders, Advance.ai’s Jefferson Chan, and KoinWorks’s Will Arifin.

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iMyanmarHouse launches C2C marketplace for individuals to connect, exchange goods

iMyanmarMarket, a new consumer-to-consumer (C2C) marketplace, has launched in Myanmar. The platform is the brainchild of the team behind iMyanmarHouse, a leading property portal, and CarsDB, a car portal it acquired in 2023.

iMyanmarMarket’s emergence comes after the late 2022 exit of OneKyat, a C2C e-commerce platform previously owned by Carousell.

Also Read: From real estate to automotives: How iMyanmarHouse is expanding through strategic acquisitions

According to Nay Min Thu, Group CEO of iMyanmarHouse and CarsDB, this exit left a significant gap in the market for a reliable and trusted C2C platform. The new marketplace has seen thousands of users and listings within just two months of its soft launch, he said.

Building on this initial success, iMyanmarMarket is now looking to expand into the business-to-consumer (B2C) sector. The company plans to partner with major mobile phone, electronics and consumer brands to reach Myanmar’s growing online market.

This expansion will include the sale of brand-new handsets, supported by a Buy Now, Pay Later (BNPL) service. This innovative approach aims to make high-quality products more accessible to a broader customer base.

To facilitate this, iMyanmarMarket has strategically partnered with AYA Bank, one of the country’s largest banks, to integrate AYA Pay into its mobile apps. This partnership will enable mobile payment services and implement the BNPL service, which is expected to enhance the overall shopping experience.

Also Read: Exclusive: Proptech company iMyanmarHouse acquires used cars listing portal CarsDB

iMyanmarMarket is leveraging its expertise from iMyanmarHouse and CarsDB to reshape how Myanmar shops, sells and connects online. “We are thrilled by the rapid adoption of iMyanmarMarket and the overwhelming positive feedback from our users,” added Nay Min Thu. “As we expand into B2C e-commerce, we remain committed to innovation and customer satisfaction, ensuring our platform meets the evolving needs of Myanmar’s consumers.”

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