Baby products e-commerce startup Kyarlay snags US$750K from EME, United Managers Japan Inc.
Kyarlay, a Myanmar-based baby products e-commerce and delivery provider, has raised US$750,000 in funding from Myanmar-based VC firm EME, United Managers Japan Inc., which marked its largest investment to date.
The company was co-founded by husband and wife Soe Lin Myat and Nang Mo while expecting their first child.
Both Soe Lin Myat and Nang Mo previously worked for SEA Group; they implement a balance between the tech giant’s standard and localised approach in their new business.
Through its app and contents, Kyarlay claimed to have created a strong community among young Myanmar parents. It recently started to develop their own branded products for the Myanmar market with the intention to offer quality items for a lower price to their customers.
Kyarlay marks EME’s eighth investment in Myanmar since launching in October 2018. EME is a VC firm based in the country and provides post-investment support to its portfolio companies to help them scale.