{"id":12263,"date":"2016-02-23T01:55:14","date_gmt":"2016-02-23T01:55:14","guid":{"rendered":"https:\/\/blog.easyparcel.com\/id\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/"},"modified":"2018-09-26T05:14:11","modified_gmt":"2018-09-26T05:14:11","slug":"axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms","status":"publish","type":"post","link":"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/","title":{"rendered":"Axiata-Mavcap fund invests RM12.5 million in six tech firms"},"content":{"rendered":"<p><center><a href=\"http:\/\/www.easyparcel.my\/blog\/wp-content\/uploads\/2016\/02\/sundaily.png\" rel=\"attachment wp-att-5597\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-5597\" src=\"http:\/\/www.easyparcel.my\/blog\/wp-content\/uploads\/2016\/02\/sundaily.png\" alt=\"sundaily\" width=\"957\" height=\"386\" \/><\/a><\/center>KUALA LUMPUR: Axiata Group Bhd, which has teamed up with Malaysia Venture Capital Management Bhd (Mavcap) to establish a RM100 million venture capital fund called Axiata Digital Innovation Fund (ADIF), yesterday announced its first investment worth RM12.5 million into six locally-owned companies.<\/p>\n<p>Speaking at a press conference, Axiata group COO Idham Nawawi said the group aims to further develop the technology companies \u2013 Tripfez, Easyparcel, Maideasy, Spot News, Easyuni and Supahands \u2013 to help them evolve into regional champions within the digital space area.<\/p>\n<p>By 2020, Idham said, the fund targets to build up to five regional champions.<\/p>\n<p>\u201cWe are in the best position to enable these companies to grow faster and bigger by providing not only funding, but also industry expertise and market access to Axiata\u2019s over 260 million customer base across Asia,\u201d he added.<\/p>\n<p>Idham said the group will hold stakes of between 20% and 40% in the companies through its investment.<\/p>\n<p>He said Axiata and Mavcap will be committing RM50 million and RM20 million respectively, to the eight-year fund under the first phase, while the remaining RM30 million will be raised from other principal investors in the second phase.<\/p>\n<p>\u201cWe are currently speaking to two or three corporations who are potentially interested to commit the remaining RM30 million. But it is premature for us to disclose it. We are still in discussions,\u201d he said, adding the corporations are local and listed companies.<\/p>\n<p>Kamarul Nizam Kassim, partner at Mavcap\u2019s subsidiary Intres Capital Partners Sdn Bhd, said the funds provided by ADIF will go mainly towards customer acquisition activities and expansion into new markets.<\/p>\n<p>He said the group had screened more than 180 start-up companies, before selecting the six.<\/p>\n<p>\u201cWe believe the initial six companies that we selected from hundreds of other prospects offer compelling and innovative services via web and mobile platforms.<\/p>\n<p>\u201cFrom a Muslim-friendly travel portal to a global higher education research platform, to an e-commerce fulfilment aggregator and virtual assistant service, these services are highly relevant in today\u2019s fast-evolving market. As such, we are confident that these companies have strong growth prospects,\u201d Kamarul said.<\/p>\n<p>Tripfez provides a travel portal for Muslim travellers; Easyparcel provides web-based parcel consolidator and e-commerce shipping solutions; Maideasy is a platform for homeowners to book part-time cleaners; Spot News is a localised news reading app; Easyuni, a higher education research platform and Supahands provides virtual assistant services.<\/p>\n<p>Established in November 2014, ADIF aims to enhance the capabilities of local technology companies, especially bumiputra businesses with proven merit-based performance. Mavcap and partner Intres Capital are the fund managers of ADIF.<\/p>\n<p>Source:\u00a0<a href=\"http:\/\/www.thesundaily.my\/news\/1632829\" target=\"_blank\">The Sun Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR: Axiata Group Bhd, which has teamed up with Malaysia Venture Capital Management Bhd (Mavcap) to establish a RM100 million venture capital fund called Axiata Digital Innovation Fund (ADIF), yesterday announced its first investment worth RM12.5 million into six locally-owned companies. Speaking at a press conference, Axiata group COO Idham Nawawi said the group [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1039],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Axiata-Mavcap fund invests RM12.5 million in six tech firms - EasyParcel | Delivery Made Easy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Axiata-Mavcap fund invests RM12.5 million in six tech firms - EasyParcel | Delivery Made Easy\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR: Axiata Group Bhd, which has teamed up with Malaysia Venture Capital Management Bhd (Mavcap) to establish a RM100 million venture capital fund called Axiata Digital Innovation Fund (ADIF), yesterday announced its first investment worth RM12.5 million into six locally-owned companies. Speaking at a press conference, Axiata group COO Idham Nawawi said the group [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/\" \/>\n<meta property=\"og:site_name\" content=\"EasyParcel | Delivery Made Easy\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-23T01:55:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-26T05:14:11+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.easyparcel.my\/blog\/wp-content\/uploads\/2016\/02\/sundaily.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/#website\",\"url\":\"https:\/\/www.easyparcel.co.id\/blog\/\",\"name\":\"EasyParcel | Delivery Made Easy\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.easyparcel.co.id\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/www.easyparcel.my\/blog\/wp-content\/uploads\/2016\/02\/sundaily.png\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/#webpage\",\"url\":\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/\",\"name\":\"Axiata-Mavcap fund invests RM12.5 million in six tech firms - EasyParcel | Delivery Made Easy\",\"isPartOf\":{\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/#primaryimage\"},\"datePublished\":\"2016-02-23T01:55:14+00:00\",\"dateModified\":\"2018-09-26T05:14:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/#\/schema\/person\/32e431cdfdeb697ea081e4768145a6db\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.easyparcel.co.id\/blog\/en\/axiata-mavcap-fund-invests-rm12-5-million-in-six-tech-firms\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/#\/schema\/person\/32e431cdfdeb697ea081e4768145a6db\",\"name\":\"epadmin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.easyparcel.co.id\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/eb61963d56940b75b523abf481fc4247?s=96&d=mm&r=g\",\"caption\":\"epadmin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/posts\/12263"}],"collection":[{"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/comments?post=12263"}],"version-history":[{"count":1,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/posts\/12263\/revisions"}],"predecessor-version":[{"id":12717,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/posts\/12263\/revisions\/12717"}],"wp:attachment":[{"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/media?parent=12263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/categories?post=12263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.easyparcel.co.id\/blog\/wp-json\/wp\/v2\/tags?post=12263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}