When was Phandeeyar founded?

Phandeeyar was founded in 2014.

Where is Phandeeyar's headquarters located?

Phandeeyar's headquarters is located in Yangon (Myanmar).

How many companies has Phandeeyar invested in?

Phandeeyar has invested in 17 companies, including Karzo & RecyGlo.

Which companies has Phandeeyar invested in lately?

Resdi & Hydro Plant are the latest investments by Phandeeyar.

Phandeeyar - 2026 Investor Profile, Portfolio, Team & Investment Trends

Phandeeyar, an accelerator and incubator program founded in 2014, is based in Yangon, Myanmar. With a presence in 1 country, it has supported around 17 startups in sectors like Consumer, Gig Economy. Most notable companies in its portfolio include Karzo, RecyGlo and MMTutors. The program is backed by a team of 1 people who primarily support Seed startups based in Myanmar. Its latest investment was a $25K Seed round in Resdi on Dec 23, 2019.

Key Metrics

Founded Year

2014

Location

Yangon, Myanmar

Portfolio Companies

Karzo, RecyGlo & 15 more

Sectors of Investment

Consumer, Gig Economy & 9 more

Stages of Investment

Seed

Locations of Investment

Myanmar

View Phandeeyar's full profile

Phandeeyar has a portfolio of 17 companies. Their most notable investments are in Amazing Express and Resdi.Their portfolio spans across and Myanmar. They have invested in Consumer, Gig Economy, Transportation and Logistics Tech and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by Phandeeyar:

1. Karzo

B2B logistics technology platform. It helps suppliers generate recurring business. The company's application operates as a virtual truck fleet platform in Myanmar and eliminates logistical guesswork, thereby enabling corporate enterprises to move cargo anywhere in the country.

Key facts about Karzo

Founded Year: 2016
Location: Yangon (Myanmar)
Stage: Seed
Total Funding till date: $800K
Employee Count: 61 as on Sep 30, 2026
Investors: Gov.sg, Cocoon Capital and 6 Others
Latest Funding Round: Seed, Apr 15, 2024, $*****
Highlight: Editors' Pick

2. RecyGlo

Key facts about RecyGlo

Founded Year: 2017
Location: Yangon (Myanmar)
Stage: Seed
Total Funding till date: $574K
Employee Count: 28 as on Sep 30, 2026
Investors: Village Capital, Accelerating Asia and 3 Others
Latest Funding Round: Seed, Jan 21, 2020, $*****
Highlight: Editors' Pick

3. MMTutors

Provider of online tutoring services connecting students with qualified tutors. It offers tutoring across various subjects, including academic curricula and languages. The platform facilitates matching students with suitable tutors based on individual needs and preferences. It provides ongoing support to ensure a positive learning experience. The service includes communication channels for feedback and adjustments to the tutoring process as needed.

Key facts about MMTutors

Founded Year: 2017
Location: Yangon (Myanmar)
Stage: Deadpooled
Employee Count: 75 as on Sep 30, 2026
Investors: Seed Myanmar, Phandeeyar and 2 Others
Latest Funding Round: Seed, Oct 09, 2018, $*****

4. GoP Tour Platform

GoP is an online travel booking platform that helps tourists to search, compare and book the tour packages. Users can search for tour packages by location, budget etc and can book directly from the platform. In addition, the platform also provides travel-related content and articles. The platform is also available on app, both iOS and Android. The company is a graduate from Phandeeyar Accelerator, the first startup accelerator in Myanmar.

Key facts about GoP Tour Platform

Founded Year: 2015
Location: Yangon (Myanmar)
Stage: Funding Raised
Employee Count: 1 as on Jul 01, 2024
Investors: MIST and Phandeeyar

5. Chate Sat

Chate Sat is an online marketplace for freelancers. Freelancers can create their profiles with details including areas of expertises, find and apply from listed freelance projects. Organisations and businesses can post their freelance projects on the platform. The company is a graduate from Phandeeyar Accelerator, the first startup accelerator in Myanmar. Since joining Phandeeyar, Chate Sat claims that 2.7k+ freelancers and 500 companies have used the platform.

Key facts about Chate Sat

Founded Year: 2016
Location: Yangon (Myanmar)
Stage: Deadpooled
Employee Count: 8 as on Aug 31, 2026
Investors: Seed Myanmar, Phandeeyar and 2 Others
Latest Funding Round: Angel, Oct 03, 2018, $*****

View the full list of portfolio companies

Its most recent first time investment was in Hydro Plant and most recent follow-on round was in Resdi.

Here are Phandeeyar's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	0	0	0
2022	0	0	0
2021	0	0	0
2020	0	0	0
2019	3	1	4
2018	1	0	1
2017	2	0	2

View all investments by Phandeeyar

Phandeeyar has made 6 investments in Seed stage with an average round size of $25K.

View all investments by Phandeeyar

Phandeeyar has a diverse portfolio, with companies operating in the Consumer, Energy, Enterprise Applications, Food and Agriculture Tech and Gig Economy. Notably, it has invested in 9 Tech companies, 7 Consumer (B2C) companies, 7 Marketplace companies and at least 4 companies focusing on Enterprise (B2B).

Here are Phandeeyar's investments by sector:

Sector	No. of Investments
Consumer	3
Energy	1
Enterprise Applications	1
Food and Agriculture Tech	1
Gig Economy	1
Others	2

Note: We have considered here, only first round of investments

View all investments by Phandeeyar

Phandeeyar has made most investments in Myanmar (6).

View all investments by Phandeeyar

Phandeeyar has not made any investment in 2026 so far.

Here are the most recent investments by Phandeeyar:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 23, 2019	Resdi	Myanmar	Seed	1260	-
Feb 07, 2019	Hydro Plant	Myanmar	Seed	1473	-
Feb 07, 2019	HivePhing	Myanmar	Seed	4090	-
Feb 07, 2019	Asia Art Connect	Myanmar	Seed	5104	-
2018	Resdi	Myanmar	Seed	3267	-

See more recent investments made by Phandeeyar

Phandeeyar has a team of 1 member located in United Kingdom. Phandeeyar's team does not sit on the board of any company as of now.

View team details of Phandeeyar

Over the past 9 years, 3 investors have co-invested in Phandeeyar's portfolio companies. This includes funds and angels.

Top Co-investors of Phandeeyar: Seed Myanmar entered a company along with Phandeeyar.
Invested after Phandeeyar: Willy Ballmann (1 company) and Keizo Fujitake (1 company) are the investors which have invested in Phandeeyar's portfolio after their investments.