• Pop Meals

  Participated · Seed · Feb 2017

  Dahmakan is a Malaysian full-stack food delivery startup that creates and delivers its own meals using cloud kitchens. Its platform centers on an operating system that controls nearly every step of operations, from recipe development to last-mile delivery, and it operates satellite hubs located around cities to be closer to customers. Instead of delivering from restaurants, Dahmakan offers about 40 menu options each week drawn from a database of 2,000 dishes, selecting menus based on customer data and market research. Customers pick from a schedule of delivery times and menus are tailored using preferences and spending-habit data. The company was launched by former Foodpanda executives and was the first Malaysian startup to participate in Y Combinator. Financially, Dahmakan has raised $18M in a Series B, bringing total funding to about $28M. The startup positions its vertically integrated model as a way to reduce delivery costs and serve growing demand for food delivery in Southeast Asia. dahmakan is a Malaysia-based cloud kitchen and food delivery startup. The company operates cloud kitchens and provides food delivery services. It has announced a $5 million Series A funding round. The round was backed by both existing and new investors, and the article specifically names Partech Partners and China’s UpHonest Capital. The article does not disclose revenue, user metrics, prior rounds, or use of proceeds. Dahmakan operates an end-to-end food delivery service that cooks all dishes in-house and dispatches them to customers on scheduled delivery windows. The company markets healthier meal options and offers a Prime package for bulk meal purchases as well as business catering. On the tech side it has invested in logistics and AI, building the Dahmakan Intelligent Operator System (DIOS), a self-learning system to manage fleet and demand. Dahmakan says it is unit profitable and reports month-to-month sales growth of about 20% ongoing since launch. The startup was founded in 2015 by a trio of ex-FoodPandas (co-founder Jessica Li among them) and is based in Kuala Lumpur. It plans to use new funding to develop technology and explore expansion across Southeast Asia, with Indonesia and Thailand under consideration. Dah Makan operates a subscription-leaning, full-stack meal delivery service with fixed lunch and dinner menus and optimized delivery routes to control quality and costs. The service accepts last orders 45 minutes before time slots and pushes bulk credit packages (e.g., 5/20/50 meals for 99/379/999 MYR). The company processes more than 1,000 daily orders and says it is profitable on every order at the unit level, though marketing and overhead are not included in that claim. Dah Makan Prime accounts for the majority of current revenue. The team plans heavy investment in technology—routing, clustering, and rider-allocation learning—to improve operations. Management is targeting expansion into other parts of Southeast Asia before year-end while focusing this round on Kuala Lumpur rather than a Malaysia-wide roll-out.

• iPrice Group

  Led · Series A · Dec 2016

  iPrice Group is a Southeast Asian price-comparison platform that aggregates offers from more than 7 billion products and 8 million sellers. It operates in seven countries: Malaysia, Singapore, Indonesia, Thailand, the Philippines, Vietnam, and Hong Kong, and positions itself as an online shopping companion. Core features include comparing products, prices, seller reputations, delivery conditions, aggregating seller vouchers, and app-based alerts such as its newly launched Price Watch service. Price Watch launched in Indonesia and is scheduled to roll out to Singapore, the Philippines, Malaysia, Vietnam, and Thailand in 2022. With new funding, iPrice plans to expand into the consumer lending market to help users find loans to fund purchases, citing a Google prediction that digital lending in Southeast Asia could reach $92 billion by 2025. The company already lists lending partners including Payku (Itochu's subsidiary in Indonesia), Home Credit, Julo, Cashalo, Smartpay, and ZIP, and says the additional capital will support deeper lending partnerships and product rollouts. iPrice Group is a Malaysia-based online shopping companion and e-commerce aggregator focused on Southeast Asia. The platform aggregates six billion offers from more than two million sellers, enabling users to compare products, prices, seller reputation, and delivery conditions in one place. iPrice's stated mission is to bring greater transparency, convenience, and trust to consumers in SEA to help them save money. The company has partnerships with Home Credit (Indonesia), Thairath (Thailand), GoRewards (Philippines), Boost (Malaysia), ViSenze (Singapore), and SmartPay (Vietnam). CEO Paul Brown-Kenyon said iPrice built a product to embed e-commerce into apps and platforms and aims to be a prime partner for leading platforms and super apps in the region. With the newly raised funds, iPrice plans to further refine its product and accelerate the rollout of partnerships while working towards a Series C funding round. iPrice Group operates a price-aggregation and comparison-shopping platform across Southeast Asia, pulling together listings and prices from numerous e-commerce sites. The platform claims to aggregate more than 1.5 billion products from over 1,500 e-commerce partners and says it is the leading product aggregator in Indonesia, Vietnam, Thailand, the Philippines, Singapore, Malaysia and Hong Kong. iPrice reports more than 20 million monthly visitors and about 5 million transactions made through its platforms in 2019. Its core iPrice unit accounted for roughly half of the company’s revenue and operated at a 30% EBITDA margin, a profitability level the company expects other businesses to reach in two to three years. iPrice partners with super apps such as Line and Home Credit to expand reach, and it began by collecting coupons before expanding into broader price aggregation. The company plans to use new funding to develop product-discovery features, including recommendations and professional product reviews. iPrice is an aggregation service that pulls e-commerce websites across Southeast Asia into a single destination, having pivoted from a coupon site to an aggregator. The company offers more than 500 million SKUs across Malaysia, Singapore, Indonesia, Philippines, Thailand, Vietnam, and Hong Kong. It reports over 50 million visitors since December 2016 and is targeting 150 million visitors in the current year. iPrice generates B2B revenue by working with media groups and brands — clients include Mediacorp in Singapore and Samsung in Indonesia — alongside driving consumer traffic to e-commerce partners. Electronics have been a particular driver of its traffic and listings. The company is headquartered in Kuala Lumpur and was founded in 2015. iPrice operates a meta-search e-commerce aggregation service that aggregates product discovery and price comparison across online retailers in Southeast Asia. The platform has built a cleaned, sorted database of retailer and buyer data that the company says is unique to the region. iPrice is Malaysia-based, active in seven countries and employs more than 100 staff, working with retail partners to drive visibility, traffic and sales. The company added price comparison functionality in September and plans to use its dataset to introduce additional features and affiliate revenue products for media companies and independent bloggers. CEO David Chmelar said the company began with product discovery, expanded after seeing traction, and now sees multiple potential uses for its dataset. On the financial side, iPrice closed a $4M Series A and the CEO said the funding gives potential to reach break even and profitability, though no timeframe was provided.

• HappyFresh

  Participated · Series A · Sep 2015

  HappyFresh is an Indonesia-headquartered startup that operates an online grocery delivery service. The company is backed by Grab Ventures. According to regulatory filings accessed by DealStreetAsia – DATA VANTAGE, HappyFresh has raised $65 million in its latest funding round. The round is identified as a Series D. The article does not disclose operating metrics, revenue, user numbers, or detailed plans for use of proceeds. Launched in 2015, HappyFresh partners with supermarkets and other retailers to enable online grocery ordering with same-day delivery handled by its staff, targeting a one-hour window via website and mobile apps. The service is active in Indonesia, Thailand and Malaysia. The company says it has become profitable in the markets where it operates after a period of retrenchment and restructuring. HappyFresh plans to use new capital to double down on technology, including greater personalization for shoppers and more efficient logistics. Management also intends to resume careful, market-driven expansion into new cities where there is a clear path to long-term profitability. HappyFresh operates an on-demand grocery service in Southeast Asia, partnering with offline retailers and using personal shoppers to deliver orders—often within one hour—through mobile apps and web. The company monetizes via delivery fees (example: 60 THB in Bangkok), fees charged to retail partners, and an analytics/data business called HappyData. HappyData is already a profitable operation that provides retailers and brands with behavioral and purchase insights, promotions and advertising opportunities as part of the HappyFresh ecosystem. Global retailers such as Tesco and Carrefour are among its partners. The company employs nearly 1,000 staff and has recently exited Taiwan and the Philippines to concentrate on Indonesia, Malaysia and Thailand, a change that led to layoffs and some relocations. Management says its priority is to scale all revenue streams and make the overall company profitable, though it declined to disclose its profitability target. HappyFresh offers one-hour grocery delivery by partnering with physical retailers while using its own professionally trained shoppers and delivery teams to pick and deliver items. The service integrates with retail partners' backend systems and is building technology to load-balance inventory and personalize the shopping experience, including one-click repurchases and tailored offers. The company is developing a recipe platform called Happy Recipe that will integrate with its core product to provide meal inspiration. HappyFresh is live in Jakarta, Kuala Lumpur and Bangkok, recently launched in Surabaya and is planning to enter Taipei as it pursues pan‑Southeast Asia expansion. The startup reports consistent 100% month-on-month growth in each city and a very high proportion of return customers, though it declined to provide raw figures. It raised a $12M Series A to further develop its service, advance its technology and expand across the region.

• TrustedCompany

  Participated · Series A · Sep 2014

  TrustedCompany.com operates a third-party review platform focused on e-commerce marketplaces in emerging markets, localizing for each market it enters. The site launched in November 2013 and is based in Malaysia and Hong Kong; it had grown to 20 employees in the first half of 2014. The company reports month-over-month usage growth of more than 40% and says it now hosts over 500,000 company profiles that consumers can review. Clients include Lenskart (India), iMoney.my (Malaysia), 8share, myiMart, Pricearea (Indonesia), and Printi and HTS Latarias (Brazil). TrustedCompany.com positions itself as an open platform for both satisfied and dissatisfied customers to provide a more complete picture of online merchants. It plans to use new funding to continue expanding in Southeast Asia and to enter Africa and Brazil.

• iMoney Group

  Led · Equity · Jun 2013

  iMoney operates an online platform that allows consumers to compare and apply for loans, car insurance, credit cards and other services from banking partners including OCBC, Maybank, AIA, CIMB, Alliance and AmBank. The company currently refers $70 million a month in business to financial institutions and says it is the largest financial comparison business in the region. iMoney is growing at double digits month-on-month. It plans to use the new capital to accelerate growth in Malaysia and expand into other markets where it already has a presence, such as Indonesia, Hong Kong and Thailand. The company will invest in user acquisition and strengthen operational teams on the ground. iMoney also appointed former CIMB, Citi and RBS banker Bruno Araujo as co-founder and Chief Revenue Officer. iMoney operates a free comparison platform for banking services and financial products, allowing users to compare and apply for mortgages, personal loans, credit cards and more. The site also maintains a large library of educational finance content designed to help consumers make informed decisions. According to the company, it averages 150,000 visitors per month and generates more than US$50 million in business for financial institutions each month. iMoney is based in Malaysia and has a shop in Kuala Lumpur. The startup is planning to expand across Southeast Asia, with Indonesia, the Philippines and Vietnam cited as next targets. CEO Lee Ching Wei says the site was born out of frustration over the lack of a public portal for comparing interest rates and applying for loans online.

No current team members are available.