Myanmar Bus Ticketing Startup Raises USD$200K
SINGAPORE, Oct. 4, 2016 /PRNewswire/ — Star Ticket, Redbus of Myanmar, has raised USD$200,000 from Myanmar’s local Internet company, BOD Tech. Thet Mon Aye founded Star Ticket together with her brother, Zarni Nway Oo, to solve a problem which they faced themselves, they were not able to buy bus tickets online to get around from city to city. Now, travelers can get their bus tickets in a few clicks on www.starticket.com.mm, which is linked to bus stations, in real time.
The co-founders of Star Ticket have been featured on Forbes’ Asia 30 under 30 2016 and the start-up has won several awards including Rice Bowl Startup Awards, Falling Walls Lab Myanmar, NIN2 from Japan and a couple more.
The investment raised would be used to help more bus operators to be onboarded and the expansion of online channels and offline agent channels.
Currently, Star Ticket is utilised by bus operators in 12 cities and counting. “We are hoping to become the core infrastructure of Bus Ticketing in Myanmar in the next two years, and to move into to other ticketing verticals in the future,” Thet Mon Aye stated.
Star Ticket is the latest investment by BOD Tech which has developed and or invested in various Myanmar-centric tech startups such as Myanmar largest flight ticketing portal Flymya.com, on-demand delivery service Yangon Door 2 Door and Myanmar’s first on-demand laundry service Laundry.com.mm.