The 24 Malaysian Startups That Are Revamping Its Ecosystem Completely!

: September 12, 2019

These Are The 24 Coolest Startups in Malaysia That Are Reshaping Its Tech Ecosystem!

 

 

Malaysia, may not be a birthplace for any tech-giants, neither had it seen any unicorn coming out of its ecosystem yet. However the country has managed to produce some great startups over the years, and some of them has already made it's foot print in Southeast Asia, if not accross the globe.

 

With the adoption of new technology in the recent years, initiatives taken by the major organizations and the engagement from its vast network of talented young entrepreuners, will certainly make a huge impact. And that's are happening right now, we're seeing new startup are being born on the basis of Artificial Intelligence, Machine Learning, Computer Vision, Deep Learning, Big Data, Blockchain, IoT, AgTech, Robotics, Automation, Health Tech, Sensor Technologies, Autonomous Security etc. I wouldn't be surprise if there is a $200M, $500M or even a $1B investments in Malaysian startup, by major investors such as Sequoia, NEA, GV, Index Ventures etc. 

 

Here Is a List of The 24 Companies In Malaysia That You Need Keep an Eye in 2019 and Beyond:

 

1. iFlix:

A subscription based video-on-demand service focused on emerging markets that serves as a digital hosting and distribution platform for Western and Asian dramas obtained through partnerships. iflix's site serves as a digital hosting and distribution platform for Western, Asian, and Middle Eastern TV shows and movies obtained through partnerships with over 150 studios and content distributors globally including Metro-Goldwyn-Mayer, Disney, Warner Bros, Paramount, NBC Universal, Fox, CBS, BBC, Sony Pictures and Discovery.

 

Year Founded: 2014

Specialities: Entertainment, TV Shows, Movies, Internet, Video Streaming

 

Total Funding: $348M

Investors: Hearst Communications, Delta Partners, Liberty Global, Fidelity International, Yoshimoto Kogyo, Sky, Zain Group etc.

 

2. Jirnexu:

A FinTech solutions provider that enables banks, insurance companies, and service providers to think mobile-first and innovate the way they generate leads online, turn those leads into customers, handle their fulfilment, and keep them loyal. Jirnexu provides banks, insurance and telecommunications companies with a full stack technology solution to help them manage the customer lifecycle from marketing through retention. It's customers include Citibank, HSBC, Standard Chartered, Alliance Bank, AEON, AIA, Zurich, Manulife, U4Life, BSN, RHB, and U Mobile.

 

Year Founded: 2012

Specialities: FinTech, Chatbot, CRM, Banking, InsurTech, Mobile App etc.

 

Total Funding: $37M

Investors: SBI Group, Celebes Capital, NTT DoCoMo Ventures, Nullabor, Tuas Capital Partners, Anfield Equities, Digital Media Partners, Gobi Partners, OSK Ventures International Berhad and private investor Steve Melhuish

 

3. Nutrition Technologies: 

A Winner and audience favourite of the USAID sponsored Tech4Farmers Asia Challenge 2.0 competition, in September 2017. This insect-as-feed company manufactures Black Soldier FlyLarvae (BSFL) to produce sustainable high-grade proteins and oils for use as animal feed ingredients. Nutrition Technologies focuses on the extraction of high-grade animal proteins and oils from the Black Soldier Fly (BSF), Hermetia illucens. They produce natural and organic feed ingredients for a large number of animal species (poultry, swine and fish).

 

Year Founded: 2015

Specialities: Agriculture, AgTech, Animal Feed, BioTech, Farming, Sustainability, Nutritions, Waste Management

 

Total Funding: $9M

Investors: Openspace Ventures, Spring SEEDS Capital, Explora Capital, Alpha Founders Capital & Nullabor

 

4. dahmakan:

A delivery service that uses artificial intelligence in logistics and production to conquer the Asian takeout market. dahmakan delivers ready-to-eat meals in SE Asia, controlling the entire process from food production to delivery.

 

Year Founded: 2015

Specialities: Consumer Goods, Food and Beverage, Food Delivery, Logistics, Robotics, AI, ML

 

Total Funding: $9M

Investors: Y Combinator

 

5. KATSANA:

A GPS Tracking System & Fleet Management Solutions that track/secure vehicles, make fleet operations easier and more efficient. KATSANA® develops connected-cars technology to help you track & secure vehicles, make managing fleets easier through robust fleet management solutions, and train drivers to become safer on the road.

 

Year Founded: 2014

Specialities: Automotive, Autonomous Vehicles, Logistics, Telecommunications, Insurance, Fleet Management, ROI, APIs, Predictive Analytics, IoT, GPS Tracking, Telematics, Big Data, Machine Learning etc.

 

Total Funding: $1.1M

Investors: Axiata Digital Innovation Fund

 

6. Fave:

A next generation Digital Merchant Platform that empowers offline merchants to grow and connect with their customers in a whole new way. Fave makes loyalty easy for millions of consumers across SEA; providing everyday happiness through rewards and convenience in 12 cities and 3 countries across multiple everyday categories by providing loyalty cashback and thousands of reward vouchers in one cashless mobile app.

 

Year Founded: 2015

Specialities: Advertising Platforms, Digital Marketing, E-Commerce, Financial Services, Loyalty Programs, SaaS, Marketplace, Mobile Payments, Retail

 

Total Funding: $32M

Investors: Sequoia Capital, Ventura Capital, Axiata Digital Innovation Fund, SIG China (SIG Asia Investments)

 

7. TheLorry: 

A digital logistics platform that connects corporate and individual customers to owners of lorries, trucks, vans and pickup trucks. TheLorry serves top multinational corporations including Fortune 500 companies with custom, technology-enabled logistics solutions made to improve operational efficiencies and optimise cost. Currently the company is working with close to 10,000 drivers across Malaysia, Indonesia, Thailand and Singapore.

 

Year Founded: 2014

Specialities: Internet, Booking, Logistics, SaaS, Price Comparison, Transportation, B2B, Automotive, Billings, Tracking

 

Total Funding: $7.4M

Investors: Unilever Ventures, FIRSTFLOOR CAPITAL, SPH Media Fund, Axiata Digital Innovation Fund etc

 

8. Carsome:

Southeast Asia’s leading and fastest growing online used car platform, providing efficient car selling services to individuals and entities. Carsome provides fast, fair and free car selling and buying services. It connects car buyers and sellers to new and used car dealers respectively, providing them a platform to trade seamlessly.

 

Year Founded: 2015

Specialities: Internet, Automotive, E-Commerce, Car Selling, Car Buying, Car Auction

 

Total Funding: $27.4M

Investors: Burda Principal Investments, Lumia Capital, 500 Startups, Gobi Partners etc.

 

9. Kaodim:

A web and mobile platform that provides an easy and dependable way for people to hire the right service providers. Kaodim empowers thousands of service providers across South East Asia so that they provide the best possible service - and at the same time, grow their businesses and livelihoods like never before.

 

Year Founded: 2014

Specialities: Internet, Customer Service, Marketplace, Online Portals, Professional Services

 

Total Funding: $11.6M

Investors: Susquehanna International Group (SIG), Square Peg Capital, 500 Startups, East Ventures etc.

 

10. EasyParcel:

A web-based parcel consolidator and E-commerce shipping solutions provider, or to put it into simple words, it provides easy-access solution for delivery service bookings. EasyParcel's platform allows you to book for delivery from multiple established courier companies in Malaysia and of course, at an affordable rate. It has more than 50,000 people and businesses in Malaysia are using the platform.

 

Year Founded: 2014

Specialities: Internet, E-Commerce, Shipping, Delivery Service

 

Total Funding: $10.6M

Investors: Gobi Partners, Redbox, Intres Capital Partners, & Axiata Digital Innovation Fund

 

11. DF Automation and Robotics:

An automation company that designs, manufactures, markets, and maintains Automated Guided Vehicles (AGV) for various kinds of industrial and commercial use. DF Automation and Robotics explores the world of automation and robotics to meet the global growing of demand and supply. It specializes in designing, manufacturing, marketing and consistently improving Automated Guided Vehicles (AGV) system for various kinds of industrial and commercial use.

 

Year Founded: 2012

Specialities: Robotics, Automation, Automotive, Industrial Automation, Hardware, Manufacturing

 

Total Funding: MYR6.5M

Investors: Angels, Cradle CIP 500, Mosti Techno Fund & Equity Crowd Fund

DF was selected a "Best Innovation Platinum Award at Star Outstanding Business Award (SOBA)" in 2019, Up to 25 Million Category. In 2018, DF received Research and Development at MSC Malaysia APICTA Awards & Industrial Manufacturing at MSC Malaysia APICTA Awards, in MERIT, Cross Category. In 2017, it was named Frost & Sullivan 2017 Malaysia Entrepreneurial Company Of The Year Automated Guided Vehicle Market and many more that year and year before.

 

12. Ebizu:  

A data driven advertising & marketing based technology company that helps Brands & Retailers to deliver contextual Ads at the location that matters & attribute the impact to location, transaction & product level. Ebizu owns and operates a merchant and consumer app network that utilizes location intelligence and data science to reach the consumer with highly targeted physical world campaigns.

 

Year Founded: 2013

Specialities: SaaS, B2B, Mobile Advertising, Consumer Insights, Retail Tech, Big Data, Data Science, Local Advertising, Location Based Services, Loyalty Programs, AdTech

 

Total Funding: $3M

Investors: NA

 

13. Poladrone:

A Provider of industry leading aerial solutions to help businesses optimise their business operations and maximise results. The company believes in continuously gather data using autonomous systems to predict future events. Poladrone is on a mission to utilise drones for good and tackle challenging industrial issues, starting with oil palm in Malaysia. They seek to increase efficiency within plantations thus creating sustainable farming practices and protecting our rain forests from further deforestation.

 

Year Founded: 2016

Specialities: Aviation, Avionics, Drones, Robotics, AI, ML

 

Poladrone was selected as one of three finalists in the ReimagineDrone Incubator out of over 200 drone startups globally where they spent three months in Barcelona learning from industry experts. The company had also been awarded the Judge's Choice award for the Top 100 Pitch at Echelon Malaysia.

 

14. StoreHub:

A cloud-based retail management solution that provides a revolutionary iPad point of sale (POS) system to small-to-medium enterprises (SMEs) across the globe. StoreHub's goal is to build a culture of meaningful work, where every person on the team works towards a shared vision while engaging their role in a personally satisfying manner.

 

Year Founded: 2013

Specialities: SaaS, POS System, Inventory Management, CRM, Software, Employee Management, SMEs, Retail Management

 

Total Funding: $6.1M

Investors: Vertex Ventures, 500 Startups, Accord Ventures etc.

 

15. iMoney:

A financial comparison portal that compares credit cards, loans, broadband and insurance by providing consumers with the convenience of online comparison and the benefit of telephone-based advice. iMoney uses technology to offer consumers a free analysis of their product needs followed by a comprehensive review of products from its product provider panel.

 

Year Founded: 2012

Specialities: FinTech, Internet, E-Commerce, Analytics, Loans, InsurTech

 

Total Funding: $10.8M

Investors: Jungle Ventures, 500 Startups, iSelect, Pegasus Tech Ventures etc.

 

16. KryptoPOS:

A retail data and technology platform that enables powers up Small and Medium Enterprise (SME) with a powerful cloud Point of Sales (POS) and ordering platform. KryptoPOS Elevates The Business of every brick & mortar enterprise by democratising Big Data Analytics to increase efficiency and optimise sales.

 

Year Founded: 2017

Specialities: SaaS, PoS, Big Data, Analytics, Data Integration, Data Visualization, SME, Retail Tech

 

Total Funding: MYR790K

KryptoPOS' software, KryptoPOS, was designed to cater to businesses across many industries, especially F&B, Retail & Services. KryptoPOS is easy to setup and configure and businesses can have it up and running in less than a couple of hours. The KryptoPOS software solution is absolutely FREE for Maybank, Digi and/or Unifi (Telekom Malaysia) customers.

 

17. Naluri: 

A digital health therapeutics company that is focused on the intersection of mental health and physical chronic diseases. Naluri is pioneering next generation digital therapeutics combining behavioural science, data science and digital design to build the mental resilience needed to achieve your goals and overcome life’s challenges that stand in your way.

 

Year Founded: 2017

Specialities: Fitness, Health Care, Psychology, Wellness, Health Tech, Data Science

 

Total Funding: Approx. $2M

Investors: Founders Capital, BioMark, 500 Startups, StartX (Stanford-StartX Fund), TH Capital etc.

 

18. PostCo:

A tech startup solving the problem of missed deliveries, the first carrier agnostic solution in the region. PostCo provides a convenient way to collect and return online purchases at nearby local stores instead of the Post Office.

 

Year Founded: 2016

Specialities: Internet, Logistics, Retail, Supply Chain Management

 

PostCo is currently running the largest parcel collection and return network, with 2500+ retail stores across Malaysia, Singapore and Vietnam with the biggest pharmacy chains, petrol stations and convenient stores. The company works with some of the biggest regional brands and marketplaces such as Lazada, ZALORA, FashionValet, MySale and Adidas.

 

19. DoctorOnCall: 

Malaysia's first & largest online Doctor consultation platform that provides better healthcare services via chat, phone & video calls. DoctorOnCall focuses on addressing the needs in the healthcare sector, is currently in talks with a few healthcare service providers as it aims to fuel the startup's growth to the next level.

 

Year Founded: 2016

Specialities: Health Care, Internet, Consultation, Communications, Health Tech, Tele Medicine

 

DoctorOnCall provides fast, easy and cost-effective access to Malaysia's top doctors and other healthcare providers in the country. It has approximately 100,000 visitors on a monthly basis due to significant digital advertising and promotion.

 

20. PolicyStreet:

An insurance technology company that iis advancing insurance and healthcare through technologies. PolicyStreet aims to be THE one stop for all things insurance, comprising the following: an online content aggregator, a value seeker, a premium contender and an innovation enabler in the insurance space to empower consumers with the right insurance knowledge and awareness to make a better informed decision.

 

Year Founded: 2017

Specialities: Fintech, Financial Services, Insurance, InsurTech, Travel Tech, PropTech, Health Tech

 

Total Funding: $535K

Investors: NA 

 

21. ServisHero:

A mobile-first solution connecting consumers with local service providers in South East Asia. ServisHero is the fastest and easiest way to hire local service providers for your home and office. It finds multiple quotes from community-reviewed service providers in just a few hours.

 

Year Founded: 2015

Specialities: Professional Services, Mobile Marketplace, Home Services, SaaS, Apps 

 

Total Funding: $2.7M

Investors: Golden Gate Ventures, Cradle Seed Ventures, & Pitch@Palace

 

22. BookDoc:

An online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising all to stay active. BookDoc has established an integrated online ecosystem for local and overseas health travellers. The ecosystem allows users to search and book healthcare professionals anytime and anywhere.

 

Year Founded: 2015

Specialities: Health Care, Health Tech, Internet, Apps, Professional Services

 

Total Funding: $2M

BookDoc integrates seamlessly with navigation (Google Map, Waze), transport (Grab, Uber, AirAsia), accommodation (Agoda) and recommended restaurants & attractions (TripAdvisor) for a hassle-free and enjoyable experience to healthcare appointments.

 

23. Dropee:

A B2B eCommerce marketplace solution that enables businesses to digitally monitor their orders, products, customers, and insights. Dropee is a one-stop B2B eProcurement Platform and Enterprise Solution for all types of businesses. It's B2B platform allows businesses to get connected in order to buy and sell in bulk, and the Enterprise Solution allows businesses to streamline their operational processes to work more efficiently and effectively.

 

Year Founded: 2016

Specialities: Internet, B2B, Marketplace, Procurement, Retail Tech, SaaS, E-Commerce, Automation

 

Total Funding: $564K

Investors: Vynn Capital, Cradle Fund Sdn Bhd (Cradle), Invus, Prasetia Dwidharma, & Teraju

 

24. Soft Space:

A payment platform and service provider that makes it possible for anyone to accept card payments anywhere, anytime, securely. Soft Space centralised Mobile Point-of-Sales (MPOS)payment platform aims to revolutionise the payment industry by enabling anyone to accept card based payments.

 

Year Founded: 2012

Specialities: FinTech, Mobile Payment, Digital Payments, Digital Wallet, CRM, POS

 

Total Funding: $5M

Investors: Sumitomo Mitsui Card Company & transcosmos inc

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