Ken Ho28 Feb, 2020
Malaysian food delivery startup, Dahmakan, announced today that the company has raised $18 million in a Series B round.
Investors in the round include Japanese Rakuten Capital, White Star Capital, JAFCo Asia, and GEC-KPI Fund.
South Korean food delivery app Woowa Brothers also joined the round, including returning investors Partech Partners and Y Combinator.
Launched by former executives from Foodpanda, Dahmakan has raised a total of $28 million to date.
The startup was also one of the participants in Y Combinator's accelerator program.
With the fresh funds, Dahmakan plans to expand to more countries across SouthEast Asia, as well as beef up their infrastructure to achieve the goal of becoming a full-stack operating system for the entire food delivery chain.
“Dahmakan is well-positioned to serve the growing demand for food delivery services in Southeast Asia with its unique, technology-forward approach of taking control of the entire value chain to provide affordable delivery options to SEA’s rising middle class.”, mentioned Eric Martineau-Fortin, Managing Partner of White Star Capital.