Y Combinator-backed food delivery startup Dahmakan raises $18m series B
by vulcanpost 2020-02-27
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source: vulcanpost

Launched in 2015, Dahmakan is known for their healthy food delivery service where they control the entire value chain from product development to last-mile delivery.

They operate from multiple satellite distribution kitchens around Kuala Lumpur, enabling their operations to be faster and more cost-efficient for scaling up.

In 2018, they expanded to Bangkok. Across the two Southeast Asian markets, they currently have over 53 in-house, trained chefs.

Today they announced their successful Series B funding round of a total of US$18 million (approximately RM75.89 million).

This brings their total funding close to US$28 million.

Some new investors in this round include Rakuten Capital, White Star Capital, JAFCO Asia, the GEC-KIP Fund, Korean food delivery unicorn Woowa Brothers, and the former CEO of Nestlé Germany, alongside existing investors Partech Partners and Y Combinator.

The funds will be used to continue building the end-to-end operating system that powers their vertically integrated food delivery model across Malaysia and Thailand.