Here is a list of the top Kuala Lumpur startups for 2019 from this sector expected to show a stunning growth in the coming year. The companies have been chosen based on the funding received by them in the last two years.
Kuala Lumpur was featured among the top startup ecosystem in Startup Genome’s Global Startup Ecosystem Report 2018. The city’s startup scene is rapidly evolving, thanks to a government that is immensely supportive of businesses and innovation. The ecosystem is in an activation phase growing by leaps and bounds each year. The tech segment in the city especially is soaring among the other startup sectors.
Top Kuala Lumpur Startups to Watch out for 2019
Kuala Lumpur based startups ezbuy is an international shopping platform that has used the best of tech and startup solutions to offer an easy-breezy and money-saver shopping experience. The company is the brainchild of Wendy Liu who established it in 2010. It is a top startup in Kuala Lumpur with total funding of $37.6 million. The company?s last round of funding was in May 2018 in which raised $17.6 million venture capital from Vision Knight Capital, Ventech, Sky9 Capital, IDG Ventures, and China Growth Capital. It is one of the top Kuala Lumpur startups for 2019 and offers a ?platform that allows sellers from multiple international cities to sell their products to its users.
The next company on our list of top Kuala Lumpur startups for 2019 is Althea, a fast-growing Korean ecommerce brand that is based in Kuala Lumpur. The company specializes in selling Korean beauty and skincare products online and is available internationally. The data-driven beauty e-commerce platform is a top startup in Kuala Lumpur which has picked $10.7 million from four funding rounds. Tekton Ventures, Korea Development Bank, InnoVen Capital, FIRSTFLOOR CAPITAL, and Bridges Alliance Partners made a combined investment of $7 million in the Beijing based startup in its last round of funding.
This top startup in Kuala Lumpur was formerly known as Touristly. The company was founded by Aaron Sarma in 2015 and has grown well since then. It is a web platform for finding and booking travel activities for a growing list of 35 destinations in the Asia Pacific. The Beijing based startup completed its last funding round in April 2017 raising MYR 11.5 million. This was one of the largest funding rounds for the company to date. Vidi’s platform is easy to use and offers a wide range of activities to choose from.
Representing the esports segment in our list of top Kuala Lumpur startups for 2019 is Sportsfix which was co-founded by Carl Kirchhoff and Marcus Luer in 2017. It is a live streaming OTT platform for viewers in the ASEAN region. The platform can be accessed via phone and is an attempt to take the enthralling experience of watching sports to more viewers. The Kuala Lumpur based startup has completed its first round of funding in January 2018 raising $1 million from Mayfair 101. The innovative platform aims to produce its own original content in the coming years and will use the funds received to accelerate these plans.
MyMy is the youngest startup in our list of top Kuala Lumpur startups for 2019. It was set up this year in March by Joe Mcguire with an aim to offer advanced fintech services. The up and coming fintech platform has received AS $1.3 million seed money this year and hopes to become a top startup in Kuala Lumpur in the fintech segment. The company’s platform is seeking to make the economy more digitized by offering a multi-currency digital wallet with fast and secure channels for a transaction. The Kuala Lumpur based startup looks promising and has the fintech segment watching out for how well the company?s growth plans pan out.
Kuala Lumpur based startup Bloom. This is an online flower delivery platform that offers superior flower delivery options. The company was co-founded by Giden Lim and Penny Choo in 2015. BloomThis joined the ranks of the top Kuala Lumpur startups for 2019 after the completion of its second seed round in 2017 in which it picked $600,000. The company’s USP lies in the bespoke presentation of the flowers and their belief that flowers are not just visually pleasing elements but amount to much more than that for a lot of people.? The last round of funding featured Venture Builders and REAPRA. The startup plans to expand its offering in the wedding industry to become a top startup in Kuala Lumpur with the help of the new funds.
The next company on our list of top Kuala Lumpur startups for 2019 is a unique B2B procurement solution provider called Dropee.com. The company is among the top-funded startups in the last couple of years in Kuala Lumpur and has completed three funding rounds in 2017 and one round this year. The Kuala Lumpur based startup has picked $500,000 in seed funding in the last round giving the company the financial nudge it needs. Dropee.com was established in early 2017 by Aizat Rahim and Lennise Ng and has risen to become a top startup in Kuala Lumpur in a short span.
PolicyStreet is a rapidly growing insurtech company among the top Kuala Lumpur startups for 2019. The company uses startup solutions and the best of technology to make insurance easy and accessible to more and more people especially the young crowd. The Kuala Lumpur based startup has completed two funding rounds since its inception raising $500,000 in the last round from KK fund. The total funding for this soon-to-be top startup in Kuala Lumpur currently stands at $535,000. PolicyStreet was founded in early 2017 by Winnie Chua, Wilson Beh, and Yen Ming Lee.
Kuala Lumpur based startup MoneyMatch has grown from a local player in the Regulatory FinTech Sandbox to now a multi-national international payments firms with licenses across multiple jurisdictions in Asia Pacific. Their award winning digital platform has already transacted over MYR 1 billion in volume utilizing blockchain solutions for swifter disbursement. To date, they’ve raised over MYR 12 million in funding from seed stage till series A and has opened new offices in Australia & Brunei with a few more countries coming up in the next year. MoneyMatch was co-founded by Adrian Yap and Naysan Munusamy in early 2015 and they won their Regulatory Sandbox approval in mid 2017 and successfully graduated from the sandbox in mid 2019 with full licensing.
Know more about this top startup in Kuala Lumpur here:
SmartBite is changing the way professionals in the corporate world buy and get their meals. It is one of the most innovative companies among the top Kuala Lumpur startups for 2019 that has bloomed well this year. The company is an online food delivery service for office goers that comes with features like no minimum order, free delivery, and the best deals. The Kuala Lumpur based startup has completed two angel investments round. The last one was in late 2017 in which SmartBite picked $270,000. This leading company among the top Kuala Lumpur startups for 2019 was co-founded by Carlo Cappelleti and Gabriele Fadda in 2016.