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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 18 Startups in Kuala Lumpur in 2024

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There’s no doubt that the startup scene in Kuala Lumpur is unique.

The city has created dozens of successful startups, over the years.

Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about fast-growing startups from Kuala Lumpur, here’s an extensive list of 18 startups founded there.


18 Startups in Kuala Lumpur

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2,189 Accelerators & Incubators

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1,016 Unicorns

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1,190 Unicorns

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FinTech Investors
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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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BioTech & Health Investors
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250 BioTech & Health Investors

List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

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250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

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1) Naluri Life

Naluri Life

Naluri is a digital health solution that improves mental and physical health through a human-driven, AI-augmented approach.

Details of the startup:

  • Started in: 2017
  • Founders: Azran Osman-Rani, Hariyati Abdul Majid, Jeremy Ting
  • Industries: Artificial Intelligence, Fitness, Health Care, Psychology, Therapeutics, Wellness
  • Number of employees: 51-100
  • Funding: $7,840,000
  • Funding rounds: 4
  • Number of investors: 13 (500 Startups, StartX (Stanford-StartX Fund), Global Founders Capital, Palm Drive Capital, M Venture Partners)

You can find their website here.

2) iPrice Group

iPrice Group

iPrice was created to provide buyers with the largest range of items and brands from hundreds of Southeast Asian partners.

Details of the startup:

  • Started in: 2014
  • Founders: David Chmelar, Heinrich Wendel
  • Industries: Coupons, E-Commerce, Shopping
  • Number of employees: 51-100
  • Funding: $21,250,000
  • Funding rounds: 9
  • Number of investors: 20 (Naver, Woowa Bros, 500 Startups, Lazada Group, Line)

You can find their website here.

3) iflix

iflix

Iflix is an internet entertainment provider aimed at people in developing countries.

Details of the startup:

  • Started in: 2014
  • Founders: Mark Britt, Patrick Grove
  • Industries: Digital Entertainment, Internet, Video Streaming
  • Number of employees: 501-1000
  • Funding: $348,000,000
  • Funding rounds: 7
  • Number of investors: 22 (Liberty Global, Emtek Group, EDBI, Zain Group, Jungle Ventures)

You can find their website here.

4) iProperty.com

iProperty.com

iProperty.com is a Malaysian real estate portal that specializes in the selling and rental of residential and commercial properties.

Details of the startup:

  • Started in: 2007
  • Founders: Joshua Wong, Murli RK, Patrick Grove
  • Industries: Internet, Property Management, Real Estate
  • Number of employees: 251-500
  • Funding: $100,000,000
  • Funding rounds: 2
  • Number of investors: 2 (REA Group, Catcha Group)

You can find their website here.

5) Pop Meals

Pop Meals

Pop Meals is a food delivery service that uses artificial intelligence to automate logistics and cooking.

Details of the startup:

  • Started in: 2015
  • Founders: Christian Edelmann, Jessica Li, Jonathan Weins
  • Industries: Artificial Intelligence, Consumer Goods, Food and Beverage, Food Delivery, Logistics, Robotics
  • Number of employees: 101-250
  • Funding: $27,020,000
  • Funding rounds: 5
  • Number of investors: 21 (East Ventures, Woowa Bros, Y Combinator, White Star Capital, Apax Partners)

You can find their website here.

6) Socar Malaysia

Socar Malaysia

Socar is a car-sharing network in Malaysia.

Details of the startup:

  • Started in: 2017
  • Industries: Car Sharing, Ride Sharing
  • Number of employees: 101-250
  • Funding: $18,000,000
  • Funding rounds: 1
  • Number of investors: 2 (Eugene Private Equity, KH Energy.)

You can find their website here.

7) pitchIN

pitchIN

Malaysia's national crowdfunding portal, pitchIN, might be classified as such.

Details of the startup:

  • Started in: 2012
  • Founders: Kashminder Singh, Sam Shafie
  • Industries: Crowdfunding, Financial Services
  • Number of employees: 1-10
  • Funding: MYR5,500,000
  • Funding rounds: 1
  • Number of investors: 3 (Simpson Wong Kean Hin, Chan Kok San, Ganesh Kumar Bangah)

You can find their website here.

8) PolicyStreet

PolicyStreet

PolicyStreet is an online platform that streamlines the insurance purchasing process.

Details of the startup:

  • Started in: 2016
  • Founders: Wilson Beh, Winnie Chua, Yen Ming Lee
  • Industries: Finance, Financial Services, FinTech, Insurance, InsurTech
  • Number of employees: 11-50
  • Funding: $3,551,265
  • Funding rounds: 4
  • Number of investors: 4 (Cradle Fund Sdn Bhd (Cradle), KK Fund, Spiral Ventures, Malaysian Co-investment Fund (MyCIF))

You can find their website here.

9) LottieFiles

LottieFiles

Designers can share, test, and iterate mini animations using LottieFiles' mobile-based platform.

Details of the startup:

  • Started in: 2017
  • Founders: Kshitij Minglani, Nattu Adnan, Shafiu Hussain
  • Industries: Animation, Graphic Design, Web Design
  • Number of employees: 11-50
  • Funding: $9,000,000
  • Funding rounds: 3
  • Number of investors: 3 (500 Startups, M12, Adobe Fund for Design)

You can find their website here.

10) Dropee

Dropee

Dropee is a SaaS-based marketplace that uses an ordering software to link small independent businesses with brands.

Details of the startup:

  • Started in: 2017
  • Founders: Aizat Rahim, Lennise Ng
  • Industries: B2B, E-Commerce, Marketplace, Procurement, Retail Technology, SaaS
  • Number of employees: 11-50
  • Funding: $1,873,019
  • Funding rounds: 5
  • Number of investors: 10 (Y Combinator, Invus, Cradle Fund Sdn Bhd (Cradle), Prasetia Dwidharma, Vynn Capital)

You can find their website here.

11) ezbuy

ezbuy

Buy Globally, Locally | Your Global Shopping Platform in One Place

Details of the startup:

  • Started in: 2010
  • Founders: Wendy Liu
  • Industries: Delivery, E-Commerce, Logistics, Marketplace, Shopping
  • Number of employees: 501-1000
  • Funding: $37,600,000
  • Funding rounds: 4
  • Number of investors: 7 (GGV Capital, IDG Capital, Sky9 Capital, China Growth Capital | CGC, Chiratae Ventures)

You can find their website here.

12) Jirnexu

Jirnexu

Jirnexu provides FSIs and service providers with end-to-end digital acquisition tools and solutions.

Details of the startup:

  • Started in: 2012
  • Founders: Cedric Viver, Hann Liew, James Barnes, James Wong, Lucas Ooi, Yuen Tuck Siew
  • Industries: Banking, CRM, Financial Services, FinTech, Insurance
  • Number of employees: 101-250
  • Funding: $37,000,000
  • Funding rounds: 6
  • Number of investors: 14 (Experian, NTT DOCOMO Ventures, SBI Group, Gobi Partners, SIG China (SIG Asia Investments))

You can find their website here.

13) FashionValet

FashionValet

FashionValet is an online fashion and beauty retailer that operates independently.

Details of the startup:

  • Started in: 2010
  • Founders: Fadzarudin Anuar, Vivy Yusof
  • Industries: E-Commerce, Fashion
  • Number of employees: 11-50
  • Funding: $6,433,333
  • Funding rounds: 5
  • Number of investors: 4 (Khazanah Nasional, MyEG Services, Elixir Capital Management, Start Today CO. Ltd)

You can find their website here.

14) MyMy

MyMy

MyMy is a financial technology company that specializes in digital payments and financial inclusion.

Details of the startup:

  • Started in: 2018
  • Founders: Joe McGuire, Kishore Samuel
  • Industries: Banking, Financial Services, FinTech
  • Number of employees: 1-10
  • Funding: $4,135,362
  • Funding rounds: 2
  • Number of investors: 1 (Koperasi Tenterra)

You can find their website here.

15) iMoney Group

iMoney Group

iMoney is a financial aggregator that empowers Malaysians to make #IntelligentMoney decisions in all aspects of their lives.

Details of the startup:

  • Started in: 2012
  • Founders: Bruno Araujo, Ching Wei Lee
  • Industries: Finance, Financial Services, FinTech, Internet
  • Number of employees: 101-250
  • Funding: $10,806,166
  • Funding rounds: 5
  • Number of investors: 9 (500 Startups, Pegasus Tech Ventures, Jungle Ventures, Rebright Partners, Cradle Fund Sdn Bhd (Cradle))

You can find their website here.

16) Unclezam Holding Berhad

Unclezam Holding Berhad

Unclezam Holding Berhad is a Malaysian investment holding company specializing on Halal and Syariah products and services.

Details of the startup:

  • Started in: 2017
  • Founders: Norizam Tukiman
  • Industries: Food and Beverage, Hotel, Pharmaceutical, Retail, Wholesale
  • Number of employees: 51-100
  • Funding: $3,505,387
  • Funding rounds: 4
  • Number of investors: 2 (MRI VC Berhad, Zamsaham Private Client)

You can find their website here.

17) Jibble Group

Jibble Group

Jibble, a time and attendance app, and PayrollPanda, a payroll app for Malaysian SMEs, are both owned by Jibble, a SaaS start-up.

Details of the startup:

  • Started in: 2016
  • Founders: Asim Qureshi, Fawad Akram, Mikhail Kafanov, Sani Gouw, Toine Vaessen
  • Industries: SaaS, Software
  • Number of employees: 51-100
  • Funding: $3,800,000
  • Funding rounds: 2
  • Number of investors: 3 (ASIM QURESHI, Saqib Qureshi, David Goldstein)

You can find their website here.

18) Common Ground

Common Ground

Common Ground is a co-working facility that strives to create a community that is both sustainable and integrated.

Details of the startup:

  • Started in: 2016
  • Founders: Erman Akinci, Juhn Teo
  • Industries: Collaboration, Coworking, Hospitality, Property Development, Real Estate
  • Number of employees: 51-100
  • Funding: $20,000,000
  • Funding rounds: 2
  • Number of investors: 1 (Catcha Group)

You can find their website here.

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