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Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

Jon Russell
Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

Following on from Singapore's Grain raising $10 million, so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money takes the startup to $10 million raised to date -- its last round as $2.6 million last year -- and it comes via new investors U.S-based Partech Partners and China’s UpHonest Capital and existing backers Y-Combinator, Atami Capital and the former CEO of Nestlé who was an angel investor. It's been a busy couple of years for the company, which was founded in 2015 by former execs from Rocket Internet's FoodPanda service.