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Axiata Group Berhad | Sustainability & National Contribution Report 2016
The fund, the largest digital services
corporate venture capital fund in Malaysia,
also aims to increase the participation of
Bumiputera in the domestic tech space by
supporting Bumiputera-led companies.
In addition to funding, ADIF’s investee
companies also receive unparalleled access
to Axiata’s network of partners across
ten countries in Asia and network
subscriber base of approximately 320
million customers. Investees also receive
access to Axiata’s digital ecosystem to
explore possible synergies or collaborative
efforts to enhance their products and
services. They also benefit from the
experience and expertise of a professional
investment team that will help guide them
in meeting their business objectives and
growth plans beyond Malaysian borders.
The Axiata Digital Innovation
Fund (ADIF) was created in
2014 to encourage and spur
innovation and growth of
Malaysia’s digital ecosystem.
ADIF:
BUILDING LOCAL
DIGITAL CAPABILITIES
Committed
RM30
million
in 12 Companies
Target fund size
RM100
million
Job Creation
918
Direct Jobs
Revenue
RM56.6
million
Investment in
Bumiputera companies
50%
of ADIF’s Portfolio
Average Y-o-Y revenue growth
240%
in 2016
ADIF is aiming to create at least five regional
digital companies by 2020, and is presently
one of the most active venture capital
funds in the region with investments in 12
companies, half of which are Bumiputera
companies. The fund has committed
RM30 million of its RM100 million mandate,
following which the companies have shown
an average year-on-year revenue growth
of 240%. Investee companies reported a
collective revenue of RM56.6 million and
created 918 jobs. ADIF invests up to RM10
million in each of its investee companies.
Moving forward, Axiata hopes to replicate
ADIF in its various operating countries
with plans in place to create SADIF in
Cambodia. As with ADIF, SADIF will focus
on developing the local digital ecosystem in
Cambodia by providing funding and value-
added assistance to investee companies.
Axiata Digital
Innovation Fund
(ADIF)