Lapasar, a B2B marketplace based in Kuala Lumpur, announced raising 7.5 million ringgit ($1.8 million) in its latest
funding round led by shopper360 Limited, which is part of startup accelerator and investor NEXEA.
The startup, led by Thinesh Kumar, Lakshmandas, Dennis Raj, and Noomi Fessler, said it will use the fresh capital to
accelerate the growth of its wholesale business. Lapasar targets serving 10,000 grocery stores, restaurants, and hawker
stalls over the next 24 months.
Lapasar started entering the FMCG wholesale market only in June 2020, helping the company grow 172% year-on-
year since its $500,000 seed funding in 2019.
The startup launched as a B2B marketplace that connects corporates to suppliers of products and services across
Malaysia. It claims to have a database of over 10,000 suppliers of products and services from all over Malaysia.
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