INSUBCONTINENT EXCLUSIVE:
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
Its previous round of financing was announced last May.Launched by former executives from Foodpanda, Dahmakan was the first Malaysian
Operational costs for food delivery companies are notoriously high and eat away at profitability, but Dahmakan is among several startups
operating system that controls nearly every step of its operations, from recipe development to last-mile delivery, and its cloud kitchens
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 spending habits, along with market research.Then customers
are given a menu and pick from a schedule of delivery times
Other startups trying to make food delivery more efficient in Southeast Asia by using a vertically-integrated model and cloud kitchens
include Grain, which is backed by investors including Openspace Ventures, First Gourmet and Singha Ventures.In a press statement about
for food delivery services in Southeast Asia with its unique, technology-forward approach of taking control of the entire value chain to
