Malaysia-based cloud kitchen and food delivery startup Dahmakan has raised $18 million in a Series B funding round backed by White Star Capital, Rakuten Capital, JAFCO Asia, and the GEC-KIP Fund, according to a company announcement.
The successful close of the funding round confirms DealStreetAsia’s report in January that the Y Combinator-backed direct-to-consumer delivery-only food startup was in advanced talks with Tokyo-headquartered Rakuten Capital to raise a fresh funding round that will likely value the company at over $40 million.
