# Axiata Digital Innovation Fund

> Axiata Digital Innovation Fund is a VC fund backing Apps and Retail. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Kuala Lumpur, Malaysia
- Total investments: 8
- Last investment: Jan 2022
- Lead investor: 13%
- Last updated: Aug 2026

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.

## Contacts

5 contacts available for Axiata Digital Innovation Fund. Shizune tracks 7 team members at Axiata Digital Innovation Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/axiata-digital-innovation-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $302k–$12M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 2 | 25% |
| Retail | 2 | 25% |
| Fitness | 2 | 25% |
| Wellness | 2 | 25% |
| E-Commerce | 2 | 25% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 5 | 63% |
| Series B | 1 | 13% |
| Funding Round | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Malaysia | 6 | 75% |
| Singapore | 1 | 13% |
| Sri Lanka | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dian Siswarini | PD | 0 | https://shizune.co/investors/profile/dian-siswarini |
| Hans Wijayasuriya | Corporate EVP | 0 | https://shizune.co/investors/profile/hans-wijayasuriya-85d6 |
| Himanshu Kapania | MD | 0 | https://shizune.co/investors/profile/himanshu-kapania |
| Mahtab Uddin Ahmed | CFO | 0 | https://shizune.co/investors/profile/mahtab-uddin-ahmed |
| Michael Kuehner | CEO | 0 | https://shizune.co/investors/profile/michael-kuehner |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| edotco Group Sdn Bhd | 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 |  |
| TheLorry | 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 | 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 | MyDoctor is a digital health solution company that provides medical services using technology. | $302K | Series A | Apr 02, 2018 |  |
| Softinn Solutions | 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 |  |
| KFit | KFit gets you into the best fitness studios, classes and gyms in your city. Get access to unlimited group fitness classes and activities with just one monthly membership. Transform your workouts.Never get bored. Discover new ways to move. Take as many classes per month as you’d like. Try a different studio everyday. It’s time to work out the wayyou want to. | $12M | Series A | Feb 01, 2016 |  |
| Fave | Fave is the next generation Digital Merchant Platform that empowers offline merchants to grow and connect with their customers in a whole new way. Fave is on a mission to accelerate the offline world’s transition to the digital economy by putting growth at the centre of our merchants, our customers, our people and our partners, because growth isgood for everyone. Fave connects merchants and consumers to deliver seamless payment experience and merchant rewards. It serves as payment aggregator for the most popular cards (Visa, Mastercard, AMEX) and wallets (Grab, OVO). Integrated with other strategic partners Fave offer merchants more value add and more customer exposure through marketing, data, financing and operations. Merchants can now focus on what they do best for their customers; because everything else is taken care of.Fave operates in over 35 cities in Singapore, Malaysia, and Indonesia. | $12M | Series A | Jan 31, 2016 |  |
| Spot News | Spot News is an important part of Their lives. It is the social lubricant that provides us common ground to have conversations with friends or even total strangers at work, at a bar, while in the gym, or even while chilling at a park.Being based in culturally rich South East Asia, our mission at Spot News is to create localised news reading appsthat are customised for the culture and language of each country, providing people with a “front page” they can rely on. |  |  | Dec 05, 2015 |  |

8 of 8 investments shown.

## Co-investors
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 2 deals together
- [Venturra](https://shizune.co/investors/profile/venturra-capital) — VC Fund, 2 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [500 Global](https://shizune.co/investors/profile/500-startups-da1d) — VC Fund, 1 deal together
- [BOV Capital](https://shizune.co/investors/profile/bov-capital) — VC Fund, 1 deal together
- [Cradle Seed Ventures](https://shizune.co/investors/profile/cradle-seed-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Axiata Digital Innovation Fund invest in?

Axiata Digital Innovation Fund invests primarily in Apps, Retail and Fitness startups, most often at Series A and Series B stage. Most of the 8 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 $302k–$12M at Series A. 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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