// Adds dimensions UUID, Author and Topic into GA4
Tuesday, September 22, 2026
27 C
Singapore
type here...
Singapore News
1 min.Read

Uber for Myanmar, Hello Cabs, raises funding and will compete with Grab and Go-Jek

The Independent
By The Independent

Nay Min Thu, founder of iMyanmar Group, made an investment of 7-digits in Hello Cabs

HelloCabs Ride hailing

Myanmar-based ride-hailing startup Hello Cabs has raised a high 7-digit investment from Nay Min Thu, founder of iMyanmar Group, according to a report by DealStreetAsia.

This new investment will help bolster its business as it prepares to face off the impending entrance of ride-hailing giants Grab and Go-Jek in the country. Go-Jek is reportedly eyeing Myanmar as part of its regional expansion plans following rumours of a new funding round, and Grab has launched its GrabTaxi service in the country.

Another ride-hailing titan, Uber, also has ambitions for Myanmar, according to a report by TechCrunch. An Uber spokesperson said that it will be working closely with government in Yangon, following a meeting held in January.

Launched in 2014, Hello Cabs operates an on-demand metering platform (though, riders can also see the total fare upfront). Riders can book rides through phone calls, a mobile app as well as via its website. They can also book rides up to seven days in advance.

Also Read: Meet the VC: Why REAPRA is bullish about Myanmar despite its underdeveloped market

Additionally, it provides a car rental service in three cities, Yangon, Mandalay, and Nay Pyi Taw.

Hello Cabs is owned by Dagon Logistics, a joint venture between three entities: Strategic Development International Holdings (SDI), Singapore-based GAP VC and car rental and taxi service Yaung Ni Oo, which holds a majority stake.

Hello Cabs currently operates about 1,000 taxis and plans to increase that number to 1,940 this year. It will also launch a ride-sharing service this year.

Revenue wise, Hello Cabs aims to hit US$11.6 million this year.

—

Image Credit: Hello Cabs

Want to be part of the ecosystem?

Register for your Echelon Asia Summit access pass now! Enjoy +10% off Echelon Asia Summit Startup, Investor and Corporate passes just for being our favourite e27 reader

 

The post Uber for Myanmar, Hello Cabs, raises funding and will compete with Grab and Go-Jek appeared first on e27.

Source: e27
HelloCabs Ride hailing

Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Singapore Politics

Leong Mun Wai on ministerial salaries: More important question is what kind of political environment inspires more Singaporeans to serve

From Mr Leong's FB post on Sept 20: "Rather than continually asking how much we need to pay to attract political talent, perhaps we should also ask what kind of political environment will inspire m...
Jobs

AI company Anthropic opening SG office in Oct; hiring 10 Singapore job roles across applied AI, finance, sales, marketing, and research

The AI firm is building a local team to work with companies and public agencies, with ten roles already advertised across key functions

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks