MyRepublic secures $70 mil in funding; to launch MVNO service in 2018

SINGAPORE (Nov 22): Broadband provider MyRepublic has secured a $70 million investment from Makara Innovation Fund to accelerate its growth in current markets as well as scale up product and service offerings.

Makara Innovation Fund (MIF) is a $1 billion private equity fund sponsored by financial services company Makara Capital. It was formed in alliance with the Intellectual Property Office of Singapore (IPOS) to further intellectual property management, monetisation and commercialisation.

Kelvin Tan, director of investments, Makara Capital, says the partnership with MyRepublic demonstrates MIF’s enterprise-aligned investment strategy in action.

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