Selangor's startup scene is defined by major players in e-commerce and fintech. The area is home to companies like Carsome, which has raised over $643M for its used car platform.
Other sectors like healthcare and digital payments also show strong activity, with companies such as MiCare securing $90M in funding.
Below is our list of 96 Selangor startups worth keeping an eye on.
Failory's Top 10 Picks
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Sheet
2,189 Accelerators & Incubators
Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Sheet
1,600+ Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Sheet
250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Soft Space develops financial technology focused on turning smartphones into secure payment terminals. They provide white-label solutions that enable banks and financial institutions to offer "Tap to Phone" capabilities to their merchant customers.
| Year Founded | 2012 |
| Founders | Chang Chew Soon |
| Funding Amount | $42.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Convertible Note |
| Top Investors | JCB, GMO FINANCIAL GATE, Southern Capital Group, transcosmos Japan, Sumitomo Mitsui Card Company |
Insureku operates an online marketplace for consumers to compare and buy insurance, covering life, general, and takaful policies. Their platform streamlines the search for coverage by aggregating options from various providers in one place.
| Year Founded | 2011 |
| Founders | Ashveen Sekaran, Shadhana Sekaran |
| Funding Amount | MYR1.9M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | MYStartup |
CapBay runs a peer-to-peer (P2P) financing platform designed to help Malaysian businesses with their supply chain needs. The platform connects companies seeking working capital with investors, providing tools like invoice financing to improve cash flow.
| Year Founded | 2016 |
| Founders | Ang Xing Xian, Darrel Ang, Dion Tan, Edwin Tan |
| Funding Amount | $27.6M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Corporate Round |
| Top Investors | Kenanga Capital Islamic, KK Fund |
Carsome built an end-to-end e-commerce platform designed to make buying and selling used cars a seamless experience. They manage everything from vehicle inspections to ownership transfers, offering a trusted alternative to traditional car sales.
| Year Founded | 2015 |
| Founders | Eric Cheng, Jiun Ee Teoh |
| Funding Amount | $643.7M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | 500 Global, Endeavor Catalyst, InnoVen Capital, Bossa Invest, SeaTown Holdings |
Asia Mobiliti develops a Mobility-as-a-Service (MaaS) platform that integrates IoT solutions for public transportation systems. Their technology helps cities, particularly in the developing world, build more intelligent and connected public transit networks.
| Year Founded | 2018 |
| Founders | Premesh Chandran, Ramachandran Muniandy |
| Funding Amount | MYR5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | — |
| Top Investors | AirAsia Digital, AcceliCITY powered by Leading Cities, DVE Sapta, Gamlite |
microLEAP runs a peer-to-peer financing platform in Malaysia that connects investors directly with micro-enterprises seeking capital. Their service provides an alternative to traditional loans, offering both conventional and Islamic financing options for small businesses.
| Year Founded | 2018 |
| Founders | Tunku Danny Mudzaffar |
| Funding Amount | $3.7M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Corporate Round |
| Top Investors | Malaysian Technology Development Corporation, MAA Group |
Emagene Life builds an AI platform that combines functional medicine with deep health analytics to create personalized care plans. The service focuses on delivering highly individualized wellness strategies, offering an alternative to one-size-fits-all healthcare.
| Year Founded | 2023 |
| Founders | — |
| Funding Amount | $1M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | Richmond Capital International Ltd |
Teleport, a venture by AirAsia, operates a logistics platform designed to move goods and e-commerce seamlessly across Southeast Asia. They provide air logistics, delivery, and freight services for businesses of all sizes.
| Year Founded | 2019 |
| Founders | Pete Chareonwongsak |
| Funding Amount | MYR220M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | — |
MiCare builds and operates a platform designed to manage healthcare benefits for corporations and insurance providers. Their system simplifies claims administration and provides employees with cashless access to a network of medical facilities.
| Year Founded | 2006 |
| Founders | Moses Hee |
| Funding Amount | $90M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | International Finance Corporation, Mitsui & Co |
FoodMarketHub builds a digital platform that connects restaurants directly to their suppliers for better cost management. Their system helps F&B businesses automate procurement, track inventory, and streamline their entire supply chain.
| Year Founded | 2017 |
| Founders | Anthony See, Shayna Teh |
| Funding Amount | $13M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | 500 Global, Velocity Ventures, East Ventures, Argor Capital, Susquehanna International Group |
86 Additional Selangor Startups Worth Following
The top 10 are just a small slice of what’s happening across Selangor right now. We're seeing founders build in many different fields, especially retail, fintech, and AI.
These companies have raised everything from small seed checks to major growth rounds. Below is a look at the other startups shaping the local scene.