Funded Commerce and Shopping Startups in Malaysia
The 19 commerce and shopping startups listed here span funding activity from July 2021 through June 2025, with deal flow concentrated in Kuala Lumpur and t…
The 19 commerce and shopping startups listed here span funding activity from July 2021 through June 2025, with deal flow concentrated in Kuala Lumpur and the Petaling Jaya–Selangor corridor. Carsome's $300M Series E in January 2022 is the largest round by a wide margin; StoreHub's $23M raise in May 2025 is the largest disclosed amount in the most recent 12 months. Seed-stage activity has continued into 2024–2025, with 3cat, being juice, and Collektr all closing seed rounds — being juice and Collektr both at $1M. B2B wholesale platforms feature alongside consumer-facing plays: Lapasar.com raised $7M in February 2024, and Dropee closed a $3M Series A in January 2022. Capital structures in this segment extend beyond standard venture equity — debt financing, equity crowdfunding, and a corporate round all appear, reflecting a market that draws on multiple funding channels.
Most recent rounds
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Frequently asked
What are the largest disclosed funding rounds among these Malaysian commerce and shopping startups?
Carsome leads with a $300M Series E closed in January 2022. StoreHub raised $23M in May 2025, and Lapasar.com pulled in $7M in February 2024, making those three the top disclosed amounts in this dataset.
Where are most of these funded commerce startups headquartered?
Kuala Lumpur and Petaling Jaya account for approximately 12 of the 19 companies. The remainder are distributed across Selangor sub-markets — Klang, Sungai Buloh, and unspecified Selangor addresses — with only Plantex (Ipoh, Perak) headquartered outside the Klang Valley.
How much funding activity has there been in this segment in 2024 and 2025?
Eight rounds appear from January 2024 through June 2025, including seed deals for Collektr, being juice, and 3cat, a Series A for Borong, and StoreHub's $23M round in May 2025. Lapasar.com ($7M) and Applecrumby & Fish ($4M) also closed in early 2024, along with an undisclosed round for Soft Space.
Do any companies in this segment use non-traditional funding structures?
Four rounds fall outside standard venture equity. TheLorry and Poptron both used debt financing (each at $100K), Eatcosys and Hometaste raised via equity crowdfunding ($2M and $600K respectively), and iPrice Group completed a $5M corporate round in March 2022.
How active is seed-stage investment in Malaysian commerce and shopping?
Four seed rounds appear in the dataset alongside one pre-seed: HOMA2u ($870K, May 2023), Collektr ($1M, November 2024), being juice ($1M, January 2025), 3cat (undisclosed, June 2025), and Plantex's pre-seed of $220K (June 2023). The concentration of seed activity in 2024–2025 suggests continued early-stage appetite in the segment.
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