Dahmakan, a full-stack food delivery firm based in Malaysia, declared that it has shut an $18 million Series B. Investors embody Rakuten Capital, White Star Capital, JAFCO Asia, and GEC-KIP Fund, including participation from South Korean food delivery platform Woowa Brothers, and returning investors Partech Partners and Y Combinator.
This brings Dahmakan’s complete investment to nearly $28 million.
Launched by former officials from FoodPanda, Dahmakan was the first Malaysian startup to take part in Y Combinator’s startup accelerator program. Operational costs for food supply companies are notoriously high and eat away at their profitability; however, Dahmakan is among a number of startups that use “cloud” kitchens, situated closer to clients, in order to cut back delivery costs.
The foundation of the startup’s full-stack portal is an operating system that manages virtually every single step of its operations, from recipe creation to last-mile delivery, and its cloud kitchens are a part of “satellite” hubs stationed around different cities to be nearer to customers.
Instead of delivering from restaurants, Dahmakan cooks its meals, offering nearly 40 options each week from a database of 2,000 dishes. It chooses its weekly menu based on buyer data, including food preferences and spending behaviors. Then users are offered a menu and pick from a schedule of delivery times.