Burmese health and fitness platform, Flexible Pass, has successfully raised a round worth six-digit dollar round by Nest Tech, a VC firm that actively backs startups in Myanmar, Vietnam, and Singapore. The round was joined by Seed Myanmar and Yangong Capital Partners (YCP), which is the investment arm of the financial advisory firm, Trust Venture Partners (TVP).
Flexible Pass will use the fund to capture new markets such as beauty & lifestyle and to cover neighbouring city Mandalay, the second largest city in population.
Sully Bholat, CEO and Founder of Flexible Pass, was inspired by global and regional fitness platforms to launch one in Myanmar. Flexible Pass differentiates itself from the other such platforms by introducing subscription packages for users.