AirAsia launches a $60M fund to help startups get into Southeast Asia

Budget airline AirAsia is getting into the VC game after it unveiled a venture capital fund that aims to invest in startups across the world.
The airline today announced Redbeat Capital, a $60 million fund that it says will operate independently and seek deals with startups worldwide in areas such as travel, lifestyle, fintech and logistics. The big selling point to prospective companies is the opportunity to tap into AirAsia’s business in Southeast Asia, which claims to cater to 90 millio