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Malaysia

Top 28 Startups Founded in Malaysia

Malaysia is home to hundreds of startups and you can find the 28 best ones in this article.

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Have you ever wondered who is on the list of companies with the highest growth rates in Malaysia?

You’re not alone.

There are hundreds of companies in this country, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 28 fast-growing startups in Malaysia that have top-tier venture capital funding.


28 Startups in Malaysia

1) Naluri Life

1) 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:

  • City: Kuala Lumpur
  • 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 amount: $7,840,000
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

2) iPrice Group

2) 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:

  • City: Kuala Lumpur
  • Started in: 2014
  • Founders: David Chmelar, Heinrich Wendel
  • Industries: Coupons, E-Commerce, Shopping
  • Number of employees: 51-100
  • Funding amount: $21,250,000
  • Number of funding rounds: 9
  • Number of investors: 20

You can find their website here.

3) Torum

3) Torum

Torum is the world's first DeFi + NFT social networking platform for cryptocurrency users all over the world.

Details of the startup:

  • City: Kampar
  • Started in: 2018
  • Founders: Ah Go, Alwin Chang, Jayson Tan
  • Industries: Cryptocurrency, Mobile Apps, Social, Social Media, Social Network
  • Number of employees: 11-50
  • Funding amount: $2,571,250
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

4) iflix

4) iflix

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2014
  • Founders: Mark Britt, Patrick Grove
  • Industries: Digital Entertainment, Internet, Video Streaming
  • Number of employees: 501-1000
  • Funding amount: $348,000,000
  • Number of funding rounds: 7
  • Number of investors: 22

You can find their website here.

5) Aerodyne Group

5) Aerodyne Group

Aerodyne Group is a global provider of drone-based managed solutions.

Details of the startup:

  • City: Petaling Jaya
  • Started in: 2014
  • Founders: Kamarulazman Muhamed
  • Industries: Drone Management
  • Number of employees: 101-250
  • Funding amount: $30,000,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

6) iProperty.com

6) 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:

  • City: Kuala Lumpur
  • Started in: 2007
  • Founders: Joshua Wong, Murli RK, Patrick Grove
  • Industries: Internet, Property Management, Real Estate
  • Number of employees: 251-500
  • Funding amount: $100,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

7) Pop Meals

7) Pop Meals

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

Details of the startup:

  • City: Kuala Lumpur
  • 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 amount: $27,020,000
  • Number of funding rounds: 5
  • Number of investors: 21

You can find their website here.

8) Socar Malaysia

8) Socar Malaysia

Socar is a car-sharing network in Malaysia.

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2017
  • Industries: Car Sharing, Ride Sharing
  • Number of employees: 101-250
  • Funding amount: $18,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

9) Lapasar.com

9) Lapasar.com

Lapasar.com is an e-Procurement, logistics, warehousing, and payments-focused supply chain system.

Details of the startup:

  • City: Sungai Buloh
  • Started in: 2016
  • Founders: Lakshman Das, Thinesh Kumar
  • Industries: Consulting, E-Commerce, Information Technology, Internet, Software
  • Number of employees: 11-50
  • Funding amount: $2,511,208
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

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10) pitchIN

10) pitchIN

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2012
  • Founders: Kashminder Singh, Sam Shafie
  • Industries: Crowdfunding, Financial Services
  • Number of employees: 1-10
  • Funding amount: MYR5,500,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

11) PolicyStreet

11) PolicyStreet

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2016
  • Founders: Wilson Beh, Winnie Chua, Yen Ming Lee
  • Industries: Finance, Financial Services, FinTech, Insurance, InsurTech
  • Number of employees: 11-50
  • Funding amount: $3,551,265
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

12) StoreHub

12) StoreHub

StoreHub is an omnichannel operating system used by over 12,000 retail and food-and-beverage establishments in Southeast Asia.

Details of the startup:

  • City: Petaling Jaya
  • Started in: 2013
  • Founders: Congyu Li, Wai Hong Fong
  • Industries: Android, CRM, E-Commerce Platforms, Enterprise Software, iOS, Loyalty Programs, Point of Sale, Retail Technology, Small and Medium Businesses, Software
  • Number of employees: 251-500
  • Funding amount: $15,017,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

13) LottieFiles

13) LottieFiles

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2017
  • Founders: Kshitij Minglani, Nattu Adnan, Shafiu Hussain
  • Industries: Animation, Graphic Design, Web Design
  • Number of employees: 11-50
  • Funding amount: $9,000,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

14) Dropee

14) Dropee

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2017
  • Founders: Aizat Rahim, Lennise Ng
  • Industries: B2B, E-Commerce, Marketplace, Procurement, Retail Technology, SaaS
  • Number of employees: 11-50
  • Funding amount: $1,873,019
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

15) ezbuy

15) ezbuy

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2010
  • Founders: Wendy Liu
  • Industries: Delivery, E-Commerce, Logistics, Marketplace, Shopping
  • Number of employees: 501-1000
  • Funding amount: $37,600,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

16) CapBay

16) CapBay

CapBay is a Malaysia-based peer-to-peer (P2P) supply chain finance platform.

Details of the startup:

  • City: Selangor
  • Started in: 2016
  • Founders: Ang Xing Xian, Darrel Ang, Dion Tan, Edwin Tan
  • Industries: Finance, Financial Services, FinTech, Lending, Peer to Peer, Supply Chain Management
  • Number of employees: 51-100
  • Funding amount: $20,477,379
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

17) Jirnexu

17) Jirnexu

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

Details of the startup:

  • City: Kuala Lumpur
  • 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 amount: $37,000,000
  • Number of funding rounds: 6
  • Number of investors: 14

You can find their website here.

18) FashionValet

18) FashionValet

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2010
  • Founders: Fadzarudin Anuar, Vivy Yusof
  • Industries: E-Commerce, Fashion
  • Number of employees: 11-50
  • Funding amount: $6,433,333
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

19) Kaodim Group

19) Kaodim Group

Kaodim is an online service marketplace that assists our consumers in locating and hiring qualified service providers.

Details of the startup:

  • City: Selangor
  • Started in: 2014
  • Founders: Fui Yu Choong, Jeffri Cheong
  • Industries: Customer Service, Freight Service, Home Services, Housekeeping Service, Marketplace, Online Portals, Professional Services
  • Number of employees: 101-250
  • Funding amount: $11,550,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

20) MyMy

20) MyMy

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2018
  • Founders: Joe McGuire, Kishore Samuel
  • Industries: Banking, Financial Services, FinTech
  • Number of employees: 1-10
  • Funding amount: $4,135,362
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

21) iMoney Group

21) iMoney Group

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2012
  • Founders: Bruno Araujo, Ching Wei Lee
  • Industries: Finance, Financial Services, FinTech, Internet
  • Number of employees: 101-250
  • Funding amount: $10,806,166
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

22) TheLorry.com

22) TheLorry.com

TheLorry.com is a website that allows you to reserve a lorry quickly and easily. In less than 30 seconds, you can get at least five quotes and hire a vehicle.

Details of the startup:

  • City: Selangor
  • Started in: 2014
  • Founders: Nadhir Ashafiq
  • Industries: Internet, Price Comparison, Transportation
  • Number of employees: 11-50
  • Funding amount: $7,350,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

23) BookDoc

23) BookDoc

The company was formed with the goal of improving healthcare access and maximizing human resources.

Details of the startup:

  • City: Selangor
  • Started in: 2015
  • Founders: Dato' Chevy Beh, Joel Neoh Eu-Jin
  • Industries: Health Care, Mobile, Professional Services
  • Number of employees: 11-50
  • Funding amount: $2,000,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

24) Carsome

24) Carsome

Carsome is an online used automobile marketplace that helps people and businesses sell cars quickly.

Details of the startup:

  • City: Petaling Jaya
  • Started in: 2015
  • Founders: Eric Cheng, Jiun Ee Teoh
  • Industries: Automotive, E-Commerce Platforms, Shopping
  • Number of employees: 501-1000
  • Funding amount: $107,350,000
  • Number of funding rounds: 8
  • Number of investors: 15

You can find their website here.

25) Merchantrade

25) Merchantrade

Using cutting-edge technology, Merchantrade creates first-to-market cross-border, multi-currency payment solutions.

Details of the startup:

  • City: Petaling Jaya
  • Started in: 1997
  • Industries: Financial Services, Mobile Payments, Payments, Transaction Processing
  • Number of employees: 251-500
  • Funding amount: MYR50,000,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

26) Unclezam Holding Berhad

26) Unclezam Holding Berhad

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

Details of the startup:

  • City: Kuala Lumpur
  • Started in: 2017
  • Founders: Norizam Tukiman
  • Industries: Food and Beverage, Hotel, Pharmaceutical, Retail, Wholesale
  • Number of employees: 51-100
  • Funding amount: $3,505,387
  • Number of funding rounds: 4
  • Number of investors: 2

You can find their website here.

27) Jibble Group

27) 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:

  • City: Kuala Lumpur
  • Started in: 2016
  • Founders: Asim Qureshi, Fawad Akram, Mikhail Kafanov, Sani Gouw, Toine Vaessen
  • Industries: SaaS, Software
  • Number of employees: 51-100
  • Funding amount: $3,800,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

28) Common Ground

28) 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:

  • City: Kuala Lumpur
  • Started in: 2016
  • Founders: Erman Akinci, Juhn Teo
  • Industries: Collaboration, Coworking, Hospitality, Property Development, Real Estate
  • Number of employees: 51-100
  • Funding amount: $20,000,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

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