UMG Idealab invests in Myanmar's Zay Chin, Indonesia's Moodco

UMG Idealab invests in Myanmar's Zay Chin, Indonesia's Moodco

UMG Idealab, the early-stage venture capital arm of Myanmar trade conglomerate UMG Group, has added two new companies to its portfolio after closing investments in Yangon-based online grocery delivery startup Zay Chin and Indonesian chocolate-maker Moodco last month.