Malaysian online travel agency and hotel review platform Tripfez, which is focused on halal travel and stay experiences for Muslims, has raised US$750,000 in a seed round led by Gobi Partners and Intres Capital, the latter through the Axiata Digital Innovation Fund (ADIF) it manages.
KFit has secured US$12mil in a Series A round led by Venturra Capital, with participation by new investors such as SIG and Malaysia’s Axiata Digital Innovation Fund.
The Malaysian Government’s VC arm Mavcap may see its allocation for investments reduced by as much as half, said its CEO.
ADIF, the largest corporate VC fund in Malaysia, has announced its first batch of investments, pumping US$2.9mil into six Malaysian startups.
Axiata Group starts its journey investing into startups with the creation of the bumiputera-focused US$30-million (RM100-million) Axiata Digital Innovation Fund, together with Mavcap.