Singtel Innov8 (Innov8), our corporate venture capital fund, is a key facilitator for creating win-win partnerships between its investees and members of the Singtel Group.

It helps investees access the Group's scale and market insights and, through partnerships, it allows our regional mobile associates to tap cutting-edge technology with the opportunity to make it relevant in their respective markets. Vuclip, a US-based mobile video provider is, a prime example.

In April 2013, Airtel in India leveraged Vuclip's technology and introduced a revolutionary portal that serves curated videos at one Rupee each. The initiative was designed to encourage mobile data usage in a market where most users have yet to experience the power of the mobile internet. In less than 12 months, the portal gained 20 million users, more than 40% of whom were first-time mobile internet users. This service single-handedly enabled more people to experience mobile data than any other campaign by a mobile carrier.

Following its success in India, Vuclip worked on a similar campaign with Telkomsel in Indonesia and introduced the Telkomsel Video 500 store in December 2013. In less than three months, it garnered over 1 million users.

Since Innov8's investment in August 2012, Vuclip has grown from 40 million monthly active users (MAUs) to 120 million MAUs. Vuclip has also expanded its product reach into Indonesia, Malaysia, Thailand and the United Arab Emirates, making it the world's largest independent mobile video and media company.

"Choosing Singtel Innov8 as an investor has been one of my best decisions since founding Vuclip. Their value-add has provided us with the best of both worlds: a comprehensive view of the operator and media worlds because of their close collaboration with the Singtel Group, as well as a top-tier institutional investor's view point when it comes to strategic and operational insights."

MR NICKHIL JAKATDAR
CHIEF EXECUTIVE OFFICER, VUCLIP