Malaysia's Dahmakan in talks with Rakuten Capital to raise funding

Indonesian food. Photo by Baiq Daling on Unsplash.

Malaysian cloud kitchen startup Dahmakan is in advanced talks with Tokyo-headquartered Rakuten Capital to raise a fresh round of funding, industry sources familiar to the development told DealStreetAsia.

The transaction, if it fructifies, is likely to peg the valuation of the food delivery startup at over $40 million.

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