Axiata Digital Innovation Fund

A corporate venture capital fund focusing on digital innovation investments in Malaysia.

Established in 2014, the Axiata Digital Innovation Fund (ADIF) is a collaboration between Axiata Group Berhad and Malaysia Venture Capital Management Berhad (MAVCAP). The fund aims to support the growth of Malaysia's digital ecosystem by investing in innovative digital services companies, particularly those that are Bumiputera-owned.

ADIF has invested in various sectors, including travel, business services, food and beverage, education, telematics, logistics, and consumer lifestyle. The fund has a strong focus on nurturing local digital entrepreneurs and has committed a significant portion of its investments to Bumiputera companies, aligning with Malaysia's objectives to build a comprehensive digital ecosystem and support the growing digital economy.

ADIF's investments have contributed to the growth of its portfolio companies, generating substantial revenue and creating numerous jobs. The fund continues to play a pivotal role in advancing Malaysia's digital ambitions by providing financial support, industry expertise, and market access to emerging digital startups.