Top 10 Retail VC (Venture Capital) Funds in Malaysia in July 2025
A list of 10 VC (Venture Capital) funds that invest in Retail startups based in Malaysia. We rank investors based on the number of investments they made in Retail companies from Malaysia. We update this investor list every month.Top 10 Retail VC (Venture Capital) Funds in Malaysia in July 2025
Investor | Retail Malaysia investments |
---|---|
Fundnel | 1 |
RHL Ventures | 1 |
Commerce.Asia | 1 |
Cradle Fund | 1 |
First Move | 1 |
BEENEXT | 1 |
AC Ventures | 1 |
Quest Ventures | 1 |
TH Capital | 1 |
Axiata Digital Innovation Fund | 1 |
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
- EdTech, Retail, Medical
- Seed, Pre-Seed, Equity Crowdfunding
- India, Malaysia
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!
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
- Health Care, E-Commerce, Social Media
- Seed, Series A, Private Equity
- Malaysia, Indonesia, United States
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.
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
- Apps, Retail, E-Commerce
- Corporate Round, Seed
- Malaysia
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 — SiteGiant is Malaysia leading eCommerce shopping cart software solution provider, allowing online sellers to sell online effortlessly by syncing products from SiteGiant to various marketplaces (Lazada, Shopee, Zalora, Youbeli, WowShop and more), Facebook, Instagram and webstore.
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
- Software, E-Commerce, SaaS
- Grant, Seed, Pre-Seed
- Malaysia, Singapore, United States
Portfolio highlights
- Lokein — Lokein is a Malaysia secure marketplace - Buy and sell preloved, vintage, second hand and bundle items.
- Ulalive — No-code video call-to-actions for higher conversion marketing. Acquire leads, build pipelines easily with Ulalive
- 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.
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
- B2B, Pet, SaaS
- Seed, Pre-Seed
- Malaysia, Singapore, Indonesia
Portfolio highlights
- Arysun — Arysun menawarkan panel surya yang terjangkau di Indonesia, membantu Anda mengurangi biaya listrik dengan sistem yang mudah dipasang.
- FinKnight — FinKnight offers new growth opportunities and financial management experience for companies. It bridges the gap by providing innovative financial leadership.
- Notti Pet Food — Malaysia's First Slow Baked Super Premium Pet Kibbles for Dogs & Cats! Grain-free & with 80% fresh meat.
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
- Software, E-Commerce, Financial Services
- Seed, Series A, Series B
- India, Japan, Indonesia
Portfolio highlights
- Truely Travel eSIM — Stay connected everywhere with Truely eSIM.
- fleetx.io — Cloud connectivity for efficient fleet and logistics operations, optimizing performance and streamlining processes.
- Handpickd — Sorted operates as an omnichannel platform for fruits and vegetables. Sorted provides fruits and vegetables that come straight from the farms.
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
- E-Commerce, Financial Services, Information Technology
- Seed, Series A, Series B
- Indonesia, Singapore, India
Portfolio highlights
- Blostem — Blostem provides fintech solutions, focusing on seamless fixed deposit integration for financial services platforms. The company offers an embedded investment platform and white-label solutions, catering to fintechs, wealth tech platforms, investment advisors, and digital companies. Blostem aims to enhance customer experience through innovativefinancial growth and security solutions.
- Shiok Burger — Shiok Burger is a food and beverages company that provides baked buns and an innovative burger menu.
- Soul Parking — Soul Parking is a parking management service company, which has successfully developed motorcycle storage equipment as a solution for traffic and parking problems that are cluttered using 100% designs and raw materials. Soul Parking provides solutions by developing a modern, safe and comfortable vehicle parking system that takes into accountlimited land area.
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
- E-Commerce, Software, Information Technology
- Seed, Pre-Seed, Series A
- Singapore, Malaysia, Kazakhstan
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
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
- E-Commerce, FinTech, Information Technology
- Seed, Series B, Series A
- Malaysia, Singapore, Indonesia
Portfolio highlights
- Moladin — Moladin adalah platform terpercaya untuk jual beli mobil bekas & baru dengan penawaran terbaik. Temukan berbagai merek, model, harga terjangkau, dan pastikan kualitas dengan inspeksi profesional. Nikmati transaksi yang aman, mudah, dan transparan di Moladin.
- Igloohome — igloohome provides smart locks & software for seamless keyless access, remote control, and enhanced security. Perfect for homes, rentals, and businesses.
- Naluri Life — Naluri is a human-driven, AI-augmented digital health solution that delivers improvements in mental and physical health.
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
- Apps, Retail, Fitness
- Series A, Series B, Funding Round
- Malaysia, Singapore, Sri Lanka
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.
Investors by industry
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Venture Capital
Real Estate
Photography
Clean Energy
Education
B2B
Financial Services
Big Data
Payments
Finance
Organic Food
Food and Beverage
Web3
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Retail
Beauty
Publishing
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Wellness
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Platforms
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Email
Medical
Social Network
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Fashion
Oil and Gas
Construction
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Theatre
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Non Profit
SaaS
Renewable Energy
Sporting Goods
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Social Impact
Software
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Agriculture (agtech)
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VC (Venture Capital) Funds in Malaysia by industry
Financial Services
Finance
Payments
Restaurants
Wellness
InsurTech
Internet
Social Media
Android
Blockchain
Software
Recruiting
Enterprise Software
Cryptocurrency
Fitness
Automotive
Travel
Platforms
Enterprise
FinTech
Consumer
Health Care
EdTech
Climate
Proptech
SaaS
Marketplace
Artificial intelligence
Community
Gaming
Hardware
Transportation
Mobile Apps
Retail
Social
Fashion
Infrastructure
Beauty
B2B
Web3
Education
Social Network
Real Estate
Big Data
Medical
Digital Media
Mobile
Manufacturing
Media (entertainment)
Machine Learning
Food and Beverage
Sports
Energy
Hospitality
Agriculture (agtech)