Malaysia’s Axiata launches $30m fund with Mavcap
Malaysian telecom conglomerate Axiata Group has partnered with Malaysia Venture Capital Management (Mavcap) to set up a MYR100 million ($30 million) VC fund to invest in Malaysia’s digital services companies.
The Axalata Digital Innovation Fund (ADIF) is expected to become Malaysia's largest digital corporate VC fund. Axiata will commit a total of MYR50 million while Mavcap will invest MYR20 million, with the...
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