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Top 15 Retail Startup Investors in Malaysia (June 2026)

The most active venture capital funds and angel investors investing in Malaysia Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Malaysia Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
The Hive Southeast Asia
VC Fund
1 Malaysia, Singapore Seed, Series A FinTech, Marketplace, Human Resources $117k–$4M
Creador
VC Fund
1 India, Malaysia, Philippines Private Equity, Secondary Market, Seed Financial Services, Manufacturing, Finance $14M–$137M
The Radical Fund
VC Fund
1 Singapore Seed Software, Energy Storage, Renewable Energy
Balaji Srinivasan
Angel
1 United States, India, Singapore Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $800k–$28M
Pembangunan Ekuiti
VC Fund
1 Malaysia Pre-Seed Retail, Grocery, E-Commerce
Quest Ventures
VC Fund
1 Singapore, Malaysia, Kazakhstan Seed, Pre-Seed, Series A E-Commerce, Software, Information Technology $50k–$10M
BEENEXT
VC Fund
1 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, Financial Services $500k–$50M
Axiata Digital Innovation Fund
VC Fund
1 Malaysia, Singapore, Sri Lanka Series A, Series B Apps, Retail, Fitness $302k–$12M
TH Capital
VC Fund
1 Malaysia, Singapore, Indonesia Seed, Series A, Series B FinTech, E-Commerce, Financial Services $450k–$15M
RHL Ventures
VC Fund
1 Malaysia, Indonesia, United States Seed, Series A, Private Equity Health Care, E-Commerce, Social Media $1M–$25M
Alta Group
VC Fund
1 India, Malaysia Seed, Pre-Seed, Equity Crowdfunding EdTech, Retail, Medical
Cradle Fund
VC Fund
1 Malaysia, Singapore, United States Grant, Seed, Pre-Seed Software, E-Commerce, SaaS $23k–$787k
First Move
VC Fund
1 Singapore, Malaysia, Indonesia Pre-Seed, Seed B2B, Pet, SaaS
AC Ventures
VC Fund
1 Indonesia, Singapore, India Seed, Series A, Series B E-Commerce, Financial Services, Information Technology $953k–$87M
Commerce.Asia
VC Fund
1 Malaysia Corporate Round, Seed Apps, Retail, E-Commerce
Access all 21 investors in Malaysia Retail startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

The Hive Southeast Asia
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

The Hive Southeast Asia is a VC fund backed by Palo Alto-based venture capital firm The Hive, Tuas Capital Partners, and Sunway. The Hive applies its entrepreneurial and operational experience to accelerate company building.

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Investment focus

  • Industry: FinTech, Marketplace, Human Resources
  • Stage:Seed, Series A
  • Geography: Malaysia, Singapore

Investor stats

  • Total investments: 10
  • Round size: Seed $117k–$4M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Collektr — Collektr is a live streaming community marketplace where users can buy, sell, and exchange collectible things in a secure environment. It's also a gathering place for keen collectors to discuss their common interests in a wide range of products and categories.
  • AI Nusantara — AI Nusantara is research institution that focuses on educating and developing AI talents in Southeast Asia.
  • Cult Creative — Cult Creative is rocket fuel to a creative's career. Find creative jobs, designer jobs, social media marketing jobs, all in Malaysia and beyond. Download the Cult Creative app and you'll be apply to apply to over 80 creative jobs in Malaysia.
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Creador
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Creador is a private equity firm which partners with passionate entrepreneurs to grow world-class businesses in South and Southeast Asia. We are committed to leveraging our regional experience, deep market knowledge and operational expertise to create superior value for our companies and in turn our investors.

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Investment focus

  • Industry: Financial Services, Manufacturing, Finance
  • Stage:Private Equity, Secondary Market, Seed
  • Geography: India, Malaysia, Philippines

Investor stats

  • Total investments: 25
  • Round size: Private Equity $14M–$70M; Secondary Market $30M–$137M
  • Lead/follow: 84% lead, 16% follow
  • Last fund: Likely still investing — raised $534M in 2021

Portfolio highlights

  • IKF Finance — IKF Finance provider of asset management services designed to provide financial services.
  • Kogta Financial — Kogta Financial (I) Ltd, one of the fastest growing NBFC in western India with its cost effective and efficient value chain for its clients financial needs is an outcome of its experienced and innovative Management Team.
  • Shubham Housing Development Finance Company — Shubham.co is a leading housing finance company in India. We offer home loans, loans against property, Shubh Shakti Loans and more at affordable EMIs and interest rates. Apply online!
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The Radical Fund
VC Fund · Bangkok, Krung Thep, Thailand · 1 investments in Malaysia Retail startups

A climate fund for founders building radical ventures - that (probably) don't look like climate companies.

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Investment focus

  • Industry: Software, Energy Storage, Renewable Energy
  • Stage:Seed
  • Geography: Singapore

Investor stats

  • Total investments: 7
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Arkadiah — Secure high quality carbon credits & support biodiversity. Arkadiah fuses AI with satellite data and ground truth, transforming degraded lands to be nature-positive.
  • WaterHub — WaterHub is a water refill station company that strives to make the world a better place every day.
  • Dash Electric — Democratizes access to driver as a fleet solutions. Provides a crucial delivery infrastructure for business by leveraging the power of EV.
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Balaji Srinivasan
Angel · San Francisco Bay Area, California, United States · 1 investments in Malaysia Retail startups

Balaji S. Srinivasan is the Co-Founder and Board Member of Coin Center. He was the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including anonline MOOC.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Singapore

Investor stats

  • Total investments: 234
  • Round size: Seed $2.3M–$15M; Pre-Seed $800k–$4.2M; Series A $6M–$28M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • BizScout — BizScout is an online platform of Off market deals for verified buyers and sellers.
  • Parallax — Parallax offers a cross-border payments platform for freelancers, remote workers, and businesses. The service enables receiving international client payments, holding funds in USD, exchanging currencies, and sending money to domestic bank accounts and mobile wallets. Users manage balances and transfers through a web app with quoted rates anditemized fees. The platform supports global payouts and recurring disbursements to partners and team members. Compliance measures include identity verification and transaction monitoring aligned with regulatory standards. Documentation and support resources guide account setup, funding, and cash-out.
  • Blueprint Bryan Johnson — On the surface, Blueprint may seem something about health, wellness and aging. It's really a system to make tomorrow better for you, me, the planet and our shared future with AI.
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Pembangunan Ekuiti
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Pembangunan Ekuiti is a Venture Capital Management Corporation.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Pre-Seed
  • Geography: Malaysia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tuulyn — Tuulyn is an online grocery store and e-commerce platform that is involved in the sale and retail of grocery products.
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Quest Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

Quest Ventures is a top venture capital firm in Asia. For entrepreneurs: venture capital. For enterprises: applied innovation. For ecosystems: accelerate.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, Malaysia, Kazakhstan

Investor stats

  • Total investments: 108
  • Round size: Seed $50k–$5M; Pre-Seed $50k–$64k; Series A $1.8M–$10M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $7.5M in 2021

Portfolio highlights

  • ZumVet — ZumVet provides access to affordable and convenient veterinary care through video calls and medication delivery. They are passionate about animals and want them to get the best possible care by offering video consults, referrals, home visits, and emergency services. It was incorporated in 2019 and is based in Singapore.
  • Ion Mobility — Ion Mobility is a tech-driven all-electric mobility company tackling a challenging and complex space.
  • Smoothly — Mobile app helping working millennials sleep better, wake up refreshed and increase energy with science-backed breathing exercises
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish aplatform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 180 companies globally.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 286
  • Round size: Seed $500k–$8.5M; Series A $2M–$29M; Series B $4.6M–$50M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $1.6B in 2020

Portfolio highlights

  • Driffle — A marketplace built for gamers by gamers. Browse a huge collection of games, gift cards & subscriptions.
  • ProsParity — Reimagining Distribution Of Credit In The Electric Mobility Sector
  • First Coffee — Discover the best specialty coffee in India with our range of single origin Arabica beans and exclusive merchandise. Shop online at First Coffee for freshly roasted, quality blends.
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Axiata Digital Innovation Fund
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Axiata Digital Innovation Fund is a technology venture fund formed by Axiata Berhad.Axiata has controlling interests in six mobile operators under the brand names of ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia and ‘Ncell’ in Nepal, with strategic interests in ‘Idea’ in India and ‘M1’in Singapore.

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Investment focus

  • Industry: Apps, Retail, Fitness
  • Stage:Series A, Series B
  • Geography: Malaysia, Singapore, Sri Lanka

Investor stats

  • Total investments: 7
  • Round size: Series A $302k–$12M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • TheLorry — We offer a wide range of moving services from house moving to cross-border relocation.
  • Signature Market — Healthy Snacks Malaysia - Buy natural & organic products at 20% - 50% off. Signature Market wants to make healthy living accessible & affordable to all Malaysian families.
  • MyDoctor — MyDoctor is a digital health solution company that provides medical services using technology.
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TH Capital
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

TH Capital is a Malaysian based Venture Capital firm with strong South East Asian connections. TH Capital is a platform that empowers and accelerates ventures with capital infusion, business consultancy, strategic mentorship and strong networking opportunities. TH Capital occupies a unique position in the Malaysian funding landscape with a strongfocus on technology innovation geared towards nation building activities.

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Investment focus

  • Industry: FinTech, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Malaysia, Singapore, Indonesia

Investor stats

  • Total investments: 10
  • Round size: Seed $450k–$1.5M; Series A $6.8M–$13M; Series B $5M–$15M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Igloohome — Powered by iglooOS, igloohome smart locks and software provide seamless keyless access and offline access control solutions for homes and businesses worldwide.
  • Versa Asia — Versa is a digital wealth management app that makes saving and investing easy and accessible, so you can achieve financial wellness.
  • Naluri Life — Naluri is a human-driven, AI-augmented digital health solution that delivers improvements in mental and physical health.
Show all investments...

RHL Ventures
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

RHL Ventures is a Multi-Stage Venture Capital Investing Across Southeast Asia based in Malaysia. We invest actively from Series A across different asset classes and industries.

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Investment focus

  • Industry: Health Care, E-Commerce, Social Media
  • Stage:Seed, Series A, Private Equity
  • Geography: Malaysia, Indonesia, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $1M–$13M; Series A $1M–$25M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $24M in 2019

Portfolio highlights

  • Fefifo — Fefifo /fee-fai-fo/ is a technology-first Co-farming company, that focuses on empowering a new generation of progressive farmers in ASEAN by providing traditional smallholder farmers and young agriculture graduates with ready-to-farm spaces and technologies to kickstart a modern farming business.
  • Pandai — Pandai is an education app that offers a personalized learning experience through curriculum-based daily quizzes, tests, exams, videos to help students get better grades.
  • Yisheng — Yisheng is a digital service platform for door-to-door car washing.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Alta Group
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

Invest or sell private companies, funds and alternative assets with Fundnel, Southeast Asia's largest private investment technology platform, licensed and regulated by MAS

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Investment focus

  • Industry: EdTech, Retail, Medical
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: India, Malaysia

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Eatcosys — Your Comprehensive Retail Scaling Solution
  • Impact Guru — ImpactGuru is a No.1 crowdfunding platform in India offering fundraising solutions for medical treatments, emergencies, NGOs & startups. Start a crowdfunding campaign now!
Show all investments...

Cradle Fund
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

WHO IS CRADLE?Cradle Fund Sdn Bhd (Cradle) is Malaysia's early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech start-ups through its Cradle Investment Programme (CIP).Throughout its 13-year history, Cradle has helped fund over 700Malaysian tech start-ups and holds the highest commercialisation rate amongst government grants in the country. Having more than a decade of experience in the nation's grant funding scene, Cradle further expanded its role from grant provider to investor through the establishment of its venture arm, Cradle Seed Ventures in 2015 and following its portfolio expansion to equity investment in early 2017, Cradle now offers both funding and investment assistance. Cradle's product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching and various other value-added services to cater today's entrepreneurs' diversified needs.OUR MISSIONTo be the leading pre-seed, seed and start-up stage funding agency in Malaysia, that provides effective grant and equity funding, commercialisation support, coaching, and industry value-add to accelerate the growth of start-up companies.Cradle Fund Sdn Bhd is based in Kuala Lumpur, Malaysia.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Malaysia, Singapore, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $176k–$787k; Grant $23k–$117k; Pre-Seed $58k–$93k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • DasAR — DasAR provides a hassle-free and cost-efficient, no-code web-based AR solution. In less than an hour, businesses can subscribe, upload 3D models, link a custom domain, and launch their own mobile responsive AR website, enabling customers to visualise products in real-life settings. Our placement formula showcases objects in their accurate sizingbased on real-world distances, particularly useful for heavy, bulky, and high-value items. With our value of accessibility, practicality, and community, DasAR democratises AR technology. Accessibility is ensured through our self-serve web platform, eliminating customised App development. Practicality extends beyond just visualisation, as our 3D models dynamically react to real-world distances, illustrating precise space usage at home or at work. As our platform evolves, it will foster collaboration among businesses, 3D modellers, and consumers, creating a community for support.
  • Shoppegram — Shoppegram is a SaaS platform designed for ease of use with a high conversion rate for small businesses.With Shoppegram focusing on core essentials feature only, it helps our users to build their online store fast and with ease. Focusing on business validation and conversion rate without the technical hassles.Shoppegram also does regulartraining and workshops to help small business owners kick starts their own online business using e-commerce. We provide e-learning content from core fundamentals to advance analysis to helps our merchants learn and grow easily.Shoppegram currently have over 21,000 users in Malaysia. Shoppegram was founded in 2013 and launched to the public on 30 August 2019.
  • Axtraction AI — Axtraction AI provides innovative document AI solutions for precise and efficient regulatory compliance in banking, financial services, and insurance (BFSI).
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First Move
VC Fund · Singapore, Central Region, Singapore · 1 investments in Malaysia Retail startups

First Move is a founder-led early stage VC that invests in visionary executives and founders building scalable, tech-enabled businesses for a better future in Southeast Asia

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Investment focus

  • Industry: B2B, Pet, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Singapore, Malaysia, Indonesia

Investor stats

  • Total investments: 7
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Ourteam — Automate screening, AI interviews, and assessments at scale. Built for hiring teams in Singapore, Philippines, Indonesia, Malaysia, the US, and Australia.
  • FinKnight — FinKnight offers new growth opportunities and financial management experience for companies. It bridges the gap by providing innovative financial leadership.
  • Scentses + Co — Malaysia's First Fragrance Subscription, where you can discover different designer perfumes and colognes monthly for just RM49.90.
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AC Ventures
VC Fund · Jakarta, Jakarta Raya, Indonesia · 1 investments in Malaysia Retail startups

Founded in 2014, AC Ventures is a Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN, with over US$500 million in assets under management across five funds. The firm’s areas of investment focus on a variety of industries, including digital enablement, financial technologies, agriculturetechnologies, logistics, e-commerce, consumer technology, MSME solutions, waste management, renewable energy, and sustainability solutions.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Indonesia, Singapore, India

Investor stats

  • Total investments: 116
  • Round size: Seed $953k–$10M; Series A $5M–$31M; Series B $5M–$87M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Bibit.id — Beli Reksa Dana & Obligasi Negara dengan mudah di aplikasi. Mitra Distribusi SBN Terbaik 2022-2024. Diawasi OJK.
  • Koltiva — Koltiva is a farmer first global tech company empowering over 480,000 farmers and business users across 27 countries. We support some of the largest multinational companies by digitizing global supply chains and technology. Our focus is to enhance traceability, inclusiveness, and sustainability.
  • Simplus — Simplus offers customers more fashionable and cost-effective small home appliances.
Show all investments...

Commerce.Asia
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Malaysia Retail startups

Commerce.Asia integrates best of breed technology solutions, talent development, data analytics and insights for South East Asian businesses to succeed online.

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Investment focus

  • Industry: Apps, Retail, E-Commerce
  • Stage:Corporate Round, Seed
  • Geography: Malaysia

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • BizApp — BIZAPP is specifically designed for Android, iOS and Web users for all entrepreneurs, regular agents, dropship agents, stockists and HQs to manage booking data.
  • Kumoten — Kumoten is a Malaysia's largest dropship service provider. they help online retailers start and grow their business by taking away the risk of buying stocks.
  • Sitegiant — Omnichannel Commerce Platform
Show all investments...

Retail Investor funding in Malaysia at a glance

Stats across 15 deals from 21 investors.

21
investors
in Malaysia Retail startups
15
deals
in Malaysia Retail startups
$1M
median round
in Malaysia Retail startups
48%
lead investors
lead at least one round
67%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

Access all 21 investors in Malaysia Retail startups.

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