Local startup Lapasar raises RM31 mil in investments, targets RM1 bil revenue by 2026

The Edge Malaysia covered the closing of Lapasar's RM31 million Series B round in February 2024, naming KWAP, Creador, Gobi Dana Impak Ventures, and Adaptive Capital Partners among the investors. Alongside the raise, Lapasar's management set a public target: RM1 billion in annual revenue by 2026.

A Platform Built for Scale

Reaching the RM1 billion milestone requires not just transaction volume but end-to-end fulfilment capability — the physical warehouses, dedicated fleet, and verified supplier network of over 10,000 vendors that underpin every order placed on the marketplace.

Why Institutional Investors Are Backing B2B Commerce

KWAP's involvement, covered separately under the Dana Perintis strategy, signals that Malaysia's government-linked investment community sees domestic B2B digital infrastructure as a long-term structural play. The Edge's coverage situates Lapasar within that broader capital allocation trend.

For procurement teams evaluating platforms that can scale with enterprise demand, the Lapasar enterprise case studies offer concrete benchmarks.