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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 28 Startups in Malaysia in 2024

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Countless startups in the Malaysia are being launched every day.

Many fail because they did not learn from the success of other companies who've managed to rise above.

We just published this list of 28 well-known and fast-growing Malaysia companies that impressed investors.


28 Startups in the Malaysia

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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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250 FinTech Investors

List of startup investors in the FinTech industry, 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:

  • State: Kuala Lumpur
  • 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: $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:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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) Torum

Torum

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

Details of the startup:

  • State: Perak
  • 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: $2,571,250
  • Funding rounds: 4
  • Number of investors: 13 (AU21 Capital, Momentum 6, Waterdrip Capital, Oasis Capital, IDC Ventures)

You can find their website here.

4) iflix

iflix

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

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

5) Aerodyne Group

Aerodyne Group

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

Details of the startup:

  • State: Selangor
  • City: Petaling Jaya
  • Started in: 2014
  • Founders: Kamarulazman Muhamed
  • Industries: Drone Management
  • Number of employees: 101-250
  • Funding: $30,000,000
  • Funding rounds: 3
  • Number of investors: 9 (500 Startups, Gobi Partners, Drone Fund, Kejora Capital, Leave a Nest)

You can find their website here.

6) 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:

  • State: Kuala Lumpur
  • 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: $100,000,000
  • Funding rounds: 2
  • Number of investors: 2 (REA Group, Catcha Group)

You can find their website here.

7) Pop Meals

Pop Meals

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

Details of the startup:

  • State: Kuala Lumpur
  • 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: $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.

8) Socar Malaysia

Socar Malaysia

Socar is a car-sharing network in Malaysia.

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

9) Lapasar.com

Lapasar.com

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

Details of the startup:

  • State: Selangor
  • 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: $2,511,208
  • Funding rounds: 5
  • Number of investors: 6 (SeedPlus, Cradle Fund Sdn Bhd (Cradle), NEXEA Venture Capital & Angel Investors, pitchIN, Shopper360 Sdn Bhd)

You can find their website here.

10) pitchIN

pitchIN

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

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

11) PolicyStreet

PolicyStreet

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

Details of the startup:

  • State: Kuala Lumpur
  • 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: $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.

12) StoreHub

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:

  • State: Selangor
  • 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: $15,017,000
  • Funding rounds: 5
  • Number of investors: 7 (500 Startups, Vertex Ventures, Vertex Ventures Southeast Asia & India, Accord Ventures, Fintonia Group)

You can find their website here.

13) LottieFiles

LottieFiles

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

Details of the startup:

  • State: Kuala Lumpur
  • 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: $9,000,000
  • Funding rounds: 3
  • Number of investors: 3 (500 Startups, M12, Adobe Fund for Design)

You can find their website here.

14) Dropee

Dropee

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

Details of the startup:

  • State: Kuala Lumpur
  • 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: $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.

15) ezbuy

ezbuy

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

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

16) CapBay

CapBay

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

Details of the startup:

  • State: Selangor
  • 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: $20,477,379
  • Funding rounds: 2
  • Number of investors: 1 (KK Fund)

You can find their website here.

17) Jirnexu

Jirnexu

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

Details of the startup:

  • State: Kuala Lumpur
  • 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: $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.

18) FashionValet

FashionValet

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

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

19) Kaodim Group

Kaodim Group

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

Details of the startup:

  • State: Selangor
  • 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: $11,550,000
  • Funding rounds: 3
  • Number of investors: 7 (East Ventures, 500 Startups, BEENEXT, Square Peg Capital, Susquehanna International Group (SIG))

You can find their website here.

20) MyMy

MyMy

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

Details of the startup:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

21) 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:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

22) TheLorry.com

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:

  • State: Selangor
  • City: Selangor
  • Started in: 2014
  • Founders: Nadhir Ashafiq
  • Industries: Internet, Price Comparison, Transportation
  • Number of employees: 11-50
  • Funding: $7,350,000
  • Funding rounds: 4
  • Number of investors: 8 (Axiata Digital Innovation Fund, KK Fund, SPH Ventures, SPH Media Fund, Elixir Capital Management)

You can find their website here.

23) BookDoc

BookDoc

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

Details of the startup:

  • State: Selangor
  • 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: $2,000,000
  • Funding rounds: 3
  • Number of investors: 9 (Dato Syed Budriz Putra, Prince Abdul Qawi, Danny Yeung, Datuk Yvonne Chia, Sharil Tarmizi)

You can find their website here.

24) Carsome

Carsome

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

Details of the startup:

  • State: Selangor
  • City: Petaling Jaya
  • Started in: 2015
  • Founders: Eric Cheng, Jiun Ee Teoh
  • Industries: Automotive, E-Commerce Platforms, Shopping
  • Number of employees: 501-1000
  • Funding: $107,350,000
  • Funding rounds: 8
  • Number of investors: 15 (500 Startups, Endeavor Catalyst, InnoVen Capital, Gobi Partners, Burda Principal Investments)

You can find their website here.

25) Merchantrade

Merchantrade

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

Details of the startup:

  • State: Selangor
  • City: Petaling Jaya
  • Started in: 1997
  • Industries: Financial Services, Mobile Payments, Payments, Transaction Processing
  • Number of employees: 251-500
  • Funding: MYR50,000,000
  • Funding rounds: 3
  • Number of investors: 3 (Sumitomo Corporation, Celcom, Kenanga Investment Bank Berhad)

You can find their website here.

26) 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:

  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • 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.

27) 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:

  • State: Kuala Lumpur
  • 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: $3,800,000
  • Funding rounds: 2
  • Number of investors: 3 (ASIM QURESHI, Saqib Qureshi, David Goldstein)

You can find their website here.

28) 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:

  • State: Kuala Lumpur
  • 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: $20,000,000
  • Funding rounds: 2
  • Number of investors: 1 (Catcha Group)

You can find their website here.

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