airasia corporate venture capital Digital Startups travel travel startups Venture Capital

AirAsia Targets Startups With New Venture Capital Fund

AirAsia aircraft stand next to boarding gates at Kuala Lumpur International Airport 2 in Sepang, Malaysia. The top Asian budget carrier said Monday it has launched a venture capital fund in partnership with 500 Startups, a San Francisco-based accelerator and investor. Charles Pertwee / Bloomberg

Skift Take: As an airline, AirAsia has led its peers in many metrics, especially on cost control. But its new effort to nurture startups has the odds against it. Will this effort bring strategic gains for the company? We’ll know in a few years.

— Sean O’Neill

Read the Complete Story On Skift