Axiata Digital Innovation Fund
Malaysian headquartered SEA logistics startup, TheLorry, raises US$5.85 mil Series B round led by FirstFloor Capital.
Rehashed recommendations that ecosystem players are well aware of Should push through announced US$490mil co-investment with private VC funds
Goal is to make healthier food products more accessible and affordable in Malaysia and Southeast Asia.
The conventional VC incentive structure works because it’s very performance driven.
Milestone funding totals double digit millions.
Startup is an investee company of Intres Capital Partners via its maiden venture capital fund, Axiata Digital Innovation Fund.
Axiata Digital Innovation Fund partners with Johor Corp to further drive Malaysia’s digital ambitions
ADIF’s purpose is to aid digital startups that are already revenue-generating operations requiring further support to grow in terms of funding, know-how and market access.
The Muslim market is the largest in the travel industry
Maideasy, with its aim of becoming the Uber of cleaning services, was set up in 2015 and now covers several major cities in Malaysia.
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.