Malaysian food delivery startup Dahmakan raises $2.6m

Photo by Sharon Chen on Unsplash

Dahmakan, a Malaysian food delivery startup, has closed a $2.6 million follow-on funding from famed startup accelerator Y Combinator (YC), according to a TechCrunch report.

Texas Atlantic Capital, Swiss family office Atami Capital, and former founder of PE Fund APAX Partners joined YC in leading the new round. Existing investors have also participated.

Dahmakan, the first startup from Malaysia to enter the YC program, will use the pre-Series A fund towards developing technology and exploring opportunities to expand its business in Southeast Asia, co-founder Jessica Li told TechCrunch.

The Kuala Lumpur-based startup distinguishes itself from rivals – including Foodpanda, UberEats, and Deliveroo – by delivering meals prepared in-house instead of picking up from restaurants and stalls.

The latest fund comes at a time that Dahmakan starts exploring the potential business expansion in Southeast Asia, with focus on Indonesia and Thailand.

In 2017, Dahmakan closed $1.3 million seed round and went on to be part of YC’s 2017 summer program.

Also Read:

Peter Thiel, Y Combinator part ways, ending two-year partnership