Axiata Digital Innovation Fund
VC Fund
Kuala Lumpur, Malaysia
Axiata Digital Innovation Fund is a technology venture fund formed by Axiata Berhad.Axiata has controlling interests in six mobile operators under the brand names of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and ‘Ncell’ in Nepal, with strategic interests in ‘Idea’ in India and ‘M1’in Singapore.
- Total investments:
- 22
- Last investment:
- Lead investor:
- 41%
- Fund size:
- $2.3M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Axiata Digital Innovation Fund invests in
Stages Axiata Digital Innovation Fund invests in
Countries Axiata Digital Innovation Fund invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 7 contacts → | |||
Round size
- Series A
- $571k–$12M
- Series B
- $5.9M–$30M
- Venture - Series Unknown
- $557k–$2.9M
Investment Focus
Industry
- E-Commerce 5 (23%)
- Apps 3 (14%)
- Retail 3 (14%)
- Software 3 (14%)
- SaaS 2 (9%)
Stage
- Series A 6 (27%)
- Venture - Series Unknown 6 (27%)
- Series B 5 (23%)
- Seed 3 (14%)
- Series C 1 (5%)
Country
- Malaysia 15 (68%)
- United Kingdom 2 (9%)
- Singapore 1 (5%)
- Sri Lanka 1 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
| PD | Total investments: 0 | Find email | ||
Hans Wijayasuriya
Corporate EVP
|
Corporate EVP | Total investments: 0 | Find email | |
| MD | Total investments: 0 | Find email | ||
| CFO | Total investments: 0 | Find email | ||
Michael Kuehner
CEO
|
CEO | Total investments: 0 | Find email | |
| See all 7 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| edotco Group provides end-to-end solutions in the tower services sector, from tower leasing, colocation, build-to-suit, energy, transmission, and operations and maintenance. It evolves into digital infrastructure that provides passive infrastructure to mobile network operators and supports other activities such as enabling active equipment sharing,building alternate power options, and improving operational efficiencies for clients. | Venture - Series Unknown / Jan 01, 2022 | ||
| Aerodyne Group (https://aerodyne.group) is a DT3 (Drone Tech, Data Tech, and Digital Transformation) drone-based enterprise solutions provider, and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics, and process optimization. Aerodyne employs over 1000 droneprofessionals to operate on an unprecedented level in the UAS services sector, having managed more than 560,000 infrastructure assets with 458,058 flight operations and surveyed over 380,000 km of power infrastructure across 32 countries globally.Aerodyne is ranked first in the world by Drone Industry Insights (DII) in its ‘Drone Service Provider Ranking 2021’ and ‘Drone Service Provider (Remote Sensing) Ranking 2022; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and is a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’. The company’s founder and Group CEO, Kamarul A Muhamed, is 'EY’s Entrepreneur of the Year 2020', 'EY’s Technology Entrepreneur of the Year 2020 Malaysia', Technode Global’s Startup Leader of the Year 2021’, as well as 'SEBA Entrepreneur of the Year 2020'. | $30M / Series B / Oct 16, 2019 | ||
| EasyParcel is an online booking platform for parcel delivery. It allows booking parcel delivery in Singapore or worldwide at an affordable rate from various established courier firms. Users’ may pick the marketing tools to improve their brand recognition and every SGD spent from customers will be in return for ‘EasyParcel Reward’ points forredeemable merchandise. The plaform offers strong logistical support for both single and bulk orders. Comprehensive tools meet users' expectations for a seamless, time- and money-saving experience when processing a consignment for delivery. | $10.6M / Series B / Jul 15, 2019 | ||
| TheLorry is a lorry booking and reservation online platform that offers its users with price-fixed quotations. The company partners with reputable and experienced vendors to ensure that its user’s goods are transported safely and securely to their final destination. It also offers home and office relocation services. Additional services such aspacking, wrapping, assembly, disassembly, and boxes are available on request. The specialties of the company are extensive vendor network, safety and security, and friendly customer service. Reviews of its users help individuals determine customer experiences and the company’s portfolio.TheLorry is a Malaysia-based company that was founded in 2014 by Nadhir Ashafiq. | $5.9M / Series B / Apr 02, 2019 | ||
| Signature Market is a direct to consumer natural & organic brand. Signature Market members can buy highest quality natural & organic products at wholesale prices. Signature Market is operating in South East Asia. | $1M / Series A / Jan 17, 2019 | ||
| MyDoctor is a digital health solution company that provides medical services using technology. | $570.8K / Series A / Apr 02, 2018 | ||
| Softinn is a SaaS hotel tech company. Our mission is to make hotelier work-life simpler through connected systems. We are currently serving more than 1,000 hospitality businesses and we envision connecting 100 sub-systems that help improve hotelier productivity and promote career development. | Series A / Jan 04, 2018 | ||
| Silentmode is a software development company based in Bandar Baru Bangi specialized in developing system as a solution (SaaS) for retail and fuel retail industries. | $582K / Series A / Aug 16, 2017 | ||
| Happy Bunch curates one simple, affordable, and awesome bunch of flowers daily that people can send flowers to their friends and family. It delivers flowers from Monday to Friday across Klang Valley. It provides online florist services, flower bunches, and bouquets.Happy Bunch is a Malaysia-based company that was founded in 2014 by Lee Yen Behand Joanne Ho. | $600K / Seed / Jun 01, 2017 | ||
| Unlockd is changing the way people use and pay with their digital devices.The revolutionary white label mobile platform is the first to create an “attention” based virtual currency platform. In exchange for viewing relevant ads, content or offers upon unlocking their smartphone, users amass points to redeem on items like mobile credit, premiumentertainment content or loyalty points.They can also complete other in app tasks like taking surveys, downloading apps and viewing videos to generate even more rewards.Unlockd’s unique win-win-win model means partners, whether they be telcos, streaming services or loyalty programs, address customer retention and acquisition while driving new revenue streams and increasing ARPU. Major content and advertising partners including Twitter, Yahoo, MoPub and high profile brands such as McDonalds, British Airways, Doritos and Uber, receive coveted first access to consumers at their most engaged digital moment. Unlockd provides the opportunity to deliver the right content at the right time, resulting in market leading engagement and click through rates. Unlockd’s enterprise grade proprietary technology is tailored to meet industry needs via three product streams:Unlockd Connect targeted specifically at forward thinking mobile operators, with five major markets in operation including in the USA with Sprint Telecom subsidiary Boost Mobile, UK with Tesco Mobile, India with Aircel and Indonesia with AXIS.Unlockd Stream is the ultimate ad funded platform for OTT subscription content providers and launched in 2017 with MTV’s music player MTV Trax. The first and only ad funded model that offers an uninterrupted listening and viewing experience for consumers, Unlockd Stream enables providers to monetise non-paying subscribers Unlockd Loyalty provides a platform for loyalty programs to solve challenges like member engagement & increased frequency of point redemption, contributing to the health of the loyalty program ecosystem. It launched in 2017 with one of Australia’s largest programs, flybuys.The company was founded in Melbourne in 2014 and has strategically located offices in New York, London, Singapore and New Delhi. | $23M / Series B / May 25, 2017 | ||
| See all 22 investments → | |||
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FAQ
What does Axiata Digital Innovation Fund invest in?
Axiata Digital Innovation Fund invests primarily in E-Commerce, Apps and Retail startups, most often at Series A and Venture - Series Unknown stage. Most of the 22 investments tracked by Shizune back companies in Malaysia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Axiata Digital Innovation Fund's check size?
Axiata Digital Innovation Fund typically joins rounds of $571k–$12M at Series A, $5.9M–$30M at Series B and $557k–$2.9M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Axiata Digital Innovation Fund participates in.
How do I contact Axiata Digital Innovation Fund?
For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Axiata Digital Innovation Fund?
The team at Axiata Digital Innovation Fund includes Dian Siswarini (PD), Hans Wijayasuriya (Corporate EVP) and Himanshu Kapania (MD), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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