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Last edited by Citation bot (talk | contribs) 2 months ago. (Update) |
Nay Min Thu | |
|---|---|
| Education | Singapore Polytechnic, Nanyang Technology University |
Nay Min Thu is the founder of iMyanmarHouse.com[1], property website with over 300,000 properties listed for sale or rent.[2][3]
Early life
editHe was born into a poor family in the small town of Pyay in central Myanmar. Worked in his father's store from the age of ten.[4]
Career
editAfter graduating from high school, he traveled to Singapore for higher education. He enrolled in the banking and finance program at Singapore Polytechnic. After graduation, Thu got a job at Citibank Singapore. Then he was accepted into the Nanyang Technological University.
Shortly before graduating from NTU, he formalized his website design business as a corporate entity called ZillionTech.com.
When the iPhone and iOS App Store became popular among consumers, he took up mobile app development. Within a year, the business was earning over $30,000 per month. Over the next two years, he became a millionaire by the time he was 30 years old.
iMyanmarHouse.com
editIn 2012, when Nay Min Thu he moved the operations of his business to Myanmar from Singapore. Then he launched a real estate listing website called iMyanmarHouse.com, with two employees in 2013. The company now employs more than 100 people across four offices.[5] Now iMyanmarHouse.com works with more than 550 developers, 2200 agents and 300,000 properties from all over the country, has now become a major real estate company in Myanmar.[6][7][8][9]
Since its inception, iMyanmarHouse has also raised multi-million dollar funding from Frontier Digital Ventures, an ASX-listed venture capital firm.[10][11]
In August 2023, iMyanmarHouse acquired Myanmar's cars listing portal called CarsDB for an undisclosed sum. The acquisition is part of iMyanmarHouse's diversification strategies.[12]
References
edit- ^ "Exclusive: Myanmar's Hello Cabs raises funding from iMyanmar Group founder". DealStreetAsia. Retrieved 2024-03-11.
- ^ "iMyanmarHouse Acquires Auto Marketplace CarsDB.com". onlinemarketplaces.com.
- ^ "Rocket Internet launches ecommerce store in Myanmar". techinasia.com.
- ^ "How the son of a humble watch repairer became the owner of a multi-million dollar realty tech startup". yahoo.com. 17 October 2018.
- ^ "High end property hits rock bottom". frontiermyanmar.net. 23 December 2016.
- ^ "Over $12.8 Million Worth of Properties Sold During 6th Property Exhibition in Yangon". prnewswire.com.
- ^ "2019 PropertyGuru Myanmar Property Awards". asiapropertyawards.com.
- ^ "$10M Land Reclamation Project in Restive Rakhine Readies for Sales". irrawaddy.com.
- ^ "imyanmarhouse". frontierdv.com.
- ^ "Discussions for sales partnerships with foreign real estate companises". dealstreetasia.com.
- ^ "iMyanmarHouse founder secures 50% sof commitment for $5m local VC fund". dealstreetasia.com.
- ^ "Proptech company iMyanmarHouse acquires used cars listing portal CarsDB". frontierdv.com. 30 August 2023.