Jaya Grocer is a Malaysian upscale supermarket chain. As of 2024, it operates 50 stores in Peninsular Malaysia.[1] In 2021, Grab purchased the company.
History
The Jaya Grocer supermarket 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 and the Giant supermarket chain before selling both retailers to Hong Kong–based DFI Retail Group. AIGF Advisors, a private equity investor, acquired a 45% stake in Jaya Grocer in 2016 after investing MYR300 million 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.[2]
Acquisition by Grab
In December 2021, Jaya Grocer became a subsidiary of