AirAsia launches venture capital fund


The fund, called RedBeat Capital, will focus on post-seed stage startups engaged in travel and lifestyle, financial technology, artificial intelligence and cybersecurity.

BENGALURU: Budget carrier AirAsia Group Bhd said it is launching a venture capital fund in the United States to invest in startups seeking to enter or expand in South-East Asia.

The fund, called RedBeat Capital, will focus on post-seed stage startups engaged in travel and lifestyle, financial technology, artificial intelligence and cybersecurity.

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