Dahmakan, a full-stack food delivery startup based in Malaysia, announced today that it has closed a $18 million Series B. Investors include Rakuten Capital, White Star Capital, JAFCO Asia and GEC-KIP Fund, along with participation from South Korean food delivery app Woowa Brothers, and returning investors Partech Partners and Y Combinator.
This brings Dahmakan’s total funding to about $28 million. Its previous round of financing was announced last May.
Launched by former executives from FoodPanda, Dahmakan was the first Malaysian startup to participate in Y Combinator’s startup accelerator program. Operational costs for food delivery companies are notoriously high, and eat away at their profitability, but Dahmakan is among several startups that use “cloud” kitchens, located closer to customers, in order to reduce delivery costs.
The foundation of the startup’s full-stack platform is an operating system that controls nearly every step of its operations, from recipe development to last-mile delivery, and its cloud kitchens are part of “satellite” hubs placed around different cities to be closer to customers.
Instead of delivering from restaurants, Dahmakan creates its own meals, offering about 40 options each week from a database of 2,000 dishes. It selects its weekly menu based on customer data, including food preferences and …read more
Source: Tech Crunch