Axiata Digital Innovation Fund
9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral, Kuala Lumpur, 50470, Malaysia
Overview
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
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 7
Sector focus
- FinTech
- Telecommunications
- Venture Capital
Investment portfolio
- TheLorry
Participated · Series B · Apr 2019
TheLorry is a Selangor-based logistics startup that connects thousands of individual and corporate clients with truck, lorry, pickup, and van owners across Southeast Asia through web and mobile channels. Its combined fleet exceeds 7,000 vehicles, including large trailers for heavy-load transportation, and it uses a matching algorithm and back-end technology to reduce costs and underutilized capacity. The company provides professional training to driver partners to improve their livelihoods and help them grow their businesses. Founded in 2014 by Nadhir Ashafiq and Goh Chee Hau, TheLorry expanded into Thailand and Indonesia last year and has reported positive growth in those markets. The startup aims to be the market leader for logistics platforms in Southeast Asia and will use new funding to strengthen its presence in Malaysia, Singapore, Thailand, and Indonesia. In 2019 the company plans to focus on existing markets while remaining open to exploring further regional expansion.