Jaya Grocer is a Malaysian upscale supermarket chain. As of 2024, it operates 50 stores in

Peninsular Malaysia Peninsular Malaysia, historically known as Malaya and also known as West Malaysia or the Malaysian Peninsula, is the western part of Malaysia that comprises the southern part of the Malay Peninsula on Mainland Southeast Asia and the list of isla ...

, with most of its locations in the

Klang Valley Klang Valley () is an urban agglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and including their adjoining cities and towns in the state of Selangor. It is the urban area of the much larger Ku ...

. The chain was founded in 2007 by the Teng family, aiming to establish a premium supermarket brand. The family previously founded the Teng Minimarket Centre in

Bangsar Bangsar is a residential suburb on the outskirts of Kuala Lumpur, lying about south-west of the city centre. It is part of the Lembah Pantai parliamentary constituency. Bangsar is administered by Dewan Bandaraya Kuala Lumpur (DBKL), unlike ...

and the

Giant In folklore, giants (from Ancient Greek: ''wiktionary:gigas, gigas'', cognate wiktionary:giga-, giga-) are beings of humanoid appearance, but are at times prodigious in size and strength or bear an otherwise notable appearance. The word ''gia ...

supermarket chain before selling both retailers to Hong Kong–based

DFI Retail Group DFI Retail Group Holdings Limited (formerly known as Dairy Farm International Holdings Limited) is a Hong Kong–based retail company with legal bases in Bermuda and Singapore. A subsidiary of the Jardine Matheson, Jardine Matheson Group, it i ...

. AIGF Advisors, a private equity investor, acquired a 45% stake in Jaya Grocer in 2016 after investing in the chain in 2016. Teng Yew Huat owned the remaining 55% of the company. The Teng family bought back AIGF's stake in 2021. Jaya Grocer became a subsidiary of Grab, a Singaporean technology company, following its acquisition of the supermarket chain from the Teng family seventeen days after the family's buyback of AIGF's stake. Grab CEO and co-founder Anthony Tan said that the acquisition would allow the company to deliver on-demand groceries to customers faster. Victor Chua, managing partner of Kuala Lumpur–based

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

firm Vynn Capital, described the Grab acquisition as a "strategic move" by allowing Grab to strengthen its supply chain and expand its business to encompass offline operations.

References

{{Reflist Supermarkets of Malaysia

See also

References