Malaysian food delivery startup Dahmakan raises $18m in Rakuten-backed Series B

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.

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