Malaysian food delivery startup Dahmakan raises US$18M in Series B
Dahmakan, Malaysia-based direct-to-consumer delivery-only food startup, just closed a US$18 million Series B funding round from new investors Rakuten Capital, White Star Capital, JAFCO Asia, and the GEC-KIP Fund. Other investors include Korean food delivery unicorn Woowa Brothers, the former CEO of Nestlé Germany, and follow-on by existing investors, Partech Partners and Y Combinator.
Dahmakan said that the proceeds will be used to continue building their end-to-end operating system which powers the entire value chain from product development to last-mile delivery from a network of “satellite” distribution kitchens.
The company claims to be the first Malaysian startup funded by Y Combinator.
Dahmakan soft-launched more than 40 new dishes monthly from a growing database of more than 2,000 tested dishes. It relies on customer feedback, market insights, and other data to fuel Dahmakan’s product development approach to create a weekly changing menu of customer favourites, best-sellers, and Dahmakan-exclusive creations.