4 – Rising Startups in Malaysia – August 2016

2015 was a kind of mixed bag for the Startups of Malaysia. Often outshone by Indonesia and Singapore, Malaysia, thanks to initiatives of government agency named MaGIC, figured prominently on the radar of investors. Malaysia also witnessed one the largest acquisitions of iProperty, bought by REA Group.

Despite the troubles, startups of Malaysia have shown their resilience. Many of them have proved themselves by doing well in market. Technewsinc has taken note of 4 startups which we expect to grow further in future. They are discussed below

Kaodim

Kaodim Startup Malaysia

Kaodim Startup Malaysia

In Cantonese, Kaodim means “job done”. It is a services marketplace which helps people in finding cleaner, plumber or other similar kind of services. The model of Kaodim is same like Thumbtack of USA and it is gaining a lot of attention in Southeast Asia.

Kaodim recently closed $4 million series A round funding which was led by Venturra Capital. Other investors who were participating in this round were East Ventures, 500 Startups and Beenext.
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PurelyB

PurelyB Startup Malaysia

PurelyB Startup Malaysia

PurelyB, which is available in Chinese and English, is claiming to building first wellness and health content integrated market place in Asia. It covers all aspects of health and wellness such as fitness, nutrition, psychology etc. They provide the users the list of places from which they can buy healthy goods and services.

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PurelyB has obtained $500,000 seed round funding from Brunsfield Ventures, 500 Startups and an angel investor.
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Bookdoc

BookDoc Startup Malaysia

BookDoc Startup Malaysia

This app helps people in searching and booking doctors. It lets employers monitor their staff’s medical and health coverage.

BookDoc was launched in 2015 and they claims to have the largest ever pre-seed valuation in Asia. The company said that amount  was a 7-digit figure in USD. They will use the money for further expansion and scaling up the operations
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TheLorry

TheLorry Startup Malaysia

TheLorry Startup Malaysia

TheLorry was founded in September 2014 and they are offering cargo services of transportation throughout Malaysia on-demand. They are connecting thousands of van and lorry owners with customers who wants to move anything from commercial cargo to household appliances.

In January 2016, they announced $1.5 million series A round which was led by SPH Media Fund. Elixir Capital, Silicon valley based, also participated in the round. The company aims to utilise this money by introducing more services and going for foreign expansion.
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