# Lapasar Sdn Bhd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lapasar-sdn-bhd

- Industry: Internet
- Headquarters: Petaling Jaya, Malaysia
- Website: www.lapasar.com
- Total disclosed funding: $3.7M
- Latest round: Seed (Apr 18, 2022)
- Investors on record: 5

## About

Lapasar Sdn Bhd, based in Malaysia, provides a digital platform that enhances procurement processes for small and medium-sized enterprises, particularly in the grocery and restaurant sectors.Founded in 2017 in Petaling Jaya, Malaysia, Lapasar Sdn Bhd specializes in digitizing procurement for SMEs. The company has completed five deals, with its most recent funding round being a Seed investment of USD 1.48 mn from Creador on February 16, 2024, bringing its total raised amount to USD 1.48 mn and a current valuation of USD 32.04 mn. The company was established by founders Dannis David, Lakshman Das, and Syafiq Zaman, with Thinesh Asogan serving as CEO.Lapasar.com offers an innovative platform that streamlines procurement processes for SMEs in the restaurant and grocery sectors. Through its primary product, Lapasar Wholesale, businesses can manage purchasing, logistics, and supply chain operations in a paperless environment, ultimately improving efficiency and saving time. The company aims to expand its services beyond Malaysia into other Southeast Asian markets, targeting SMEs seeking to optimize procurement.In the most recent fiscal year 2024, Lapasar reported a revenue of USD 97.56 mn and an EBITDA of USD -819,397.3, reflecting the company's ongoing investment in its growth and operational capabilities.Following its latest funding round in February 2024, Lapasar Sdn Bhd plans to utilize the investment to support its expansion efforts and growth strategies. The company is looking to launch new products designed to enhance its platform functionalities and is targeting an expansion into new Southeast Asian markets by the end of 2024.

## Funding rounds

- Seed, Apr 18, 2022, $1.5M — Creador
- Seed, Nov 9, 2021, $2.2M — Creador, Jungle Ventures, SeedPlus, Shopper360 Ltd., Pitch Nominees Sdn. Bhd.

## Investors

- Creador (https://capitalatlas.ai/funds/creador) — Seed
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Seed
- SeedPlus (https://capitalatlas.ai/funds/seedplus) — Seed
- Shopper360 Ltd. — Seed
- Pitch Nominees Sdn. Bhd. — Seed