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- Daki
Daki Revenue, Valuation, Funding & Investors
Daki is valued at $850M as of January 2024. Daki revenue was $198M, as disclosed with its May 2026 round.
Last Daki valuation
$850M
Undisclosed stage · Jan 2024
Last Daki funding round
Strategic investment
Amount undisclosed · May 2026
Daki revenue
$198M
Strategic investment · May 2026
Key investors in Daki
Tiger Global
Greycroft
GGV Capital
Balderton Capital
MONASHEES
G Squared
About Daki
Daki is a Brazilian online grocery platform that delivers supermarket products in about 15 minutes from its own dark stores. The company was created in 2021, is based in Sao Paulo and is led by co-founder and chief executive Rafael Vasto; it operates as the Brazilian arm of the quick-commerce group JOKR, whose co-founder Ralf Wenzel is chairman of Daki. In January 2024 it operated 70 dark stores in Sao Paulo, Rio de Janeiro and Belo Horizonte and sold advertising space on its app to consumer goods brands. By November 2025 it had delivered 20 million orders, and in May 2026 it reported annualized revenue approaching BRL 1 billion, growth of more than 50% a year and financial breakeven. Its last priced round was a USD 50 million Series D in September 2023 at an USD 800 million valuation, led by Convivialite Ventures, and in May 2026 iFood bought a minority stake of less than 5%.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$198M (May 2026)
Valuation
$850M (Jan 2024)
Daki Valuation
Daki is currently valued at $850M, based on its undisclosed-stage round in January 2024. Read the announcement ↗
The $5M round was led by 4equity Media Ventures.
Daki's valuation has grown 1.1x from $800M at its Series D in September 2023 to $850M in January 2024, across 2 priced rounds.
Daki valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2024 | Undisclosed stage | $850M |
| Sep 2023 | Series D | $800M |
Daki Revenue
Daki's latest recorded revenue is $198M, as of its strategic investment round in May 2026.
Daki revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| May 2026 | $198M | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Daki Funding History
Daki has raised a total of $105M across 4 funding rounds.
Daki's first fundraising round was a $50M Series C in February 2023. The most recent completed round was a strategic investment round in May 2026.
Daki funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Strategic investment | iFood (lead) | - | - | iFood, the Brazilian food-delivery platform, took a minority stake in the online grocery company Daki in May 2026. Daki announced the deal as the sale of a minority stake of less than 5%, expanding a commercial partnership that the two companies began in 2024; no price was disclosed. Daki said the investment would go toward artificial intelligence and geographic expansion. The announcement came as Daki reported annualized revenue of BRL 1 billion, annual growth of more than 50% and the achievement of financial breakeven. iFood noted that its grocery vertical grew sales volume by 60% between March 2025 and March 2026 and that Brazil's supermarket market exceeds BRL 1 trillion a year, with online penetration still in the single digits. Daki, created in 2021 and operating as the Brazilian arm of the quick-commerce group JOKR, delivers groceries from dark stores and had been valued at USD 800 million in its 2023 Series D. |
| Jan 2024 | Undisclosed stage | 4equity Media Ventures (lead) | $5M | $850M | Daki is a Brazilian digital supermarket startup and fast-service grocery delivery app that operates with fulfillment centers, enabling users to browse, shop, and receive everyday essentials within minutes. On January 24, 2024, Daki secured a $5M investment from 4Equity Media Ventures, a media-for-equity fund. The funding supports a 360-degree marketing strategy across influencers, podcasts, digital out-of-home, paid media, and TV to boost online presence and growth. 4Equity Media Ventures provides access to premium media inventory in exchange for equity, helping Daki accelerate brand awareness without heavy cash expenditure on marketing. |
| Sep 2023 | Series D | Convivialite Ventures (lead); Balderton Capital; Greycroft; G Squared; Lombard Odier; Tiger Global; GGV Capital; MONASHEES | $50M | $800M | Daki, the Brazilian arm of the quick-commerce platform JOKR, operates as an on-demand grocery delivery service using dark stores for rapid fulfillment, sourcing products directly from suppliers to ensure authenticity and cost efficiency. Founded by Rafael Vasto, Alex Bretzner, and Rodrigo Maroja, it emphasizes data intelligence, proprietary logistics, and fast delivery of essential market products across Brazil. In September 2023, Daki raised $50 million in a Series D round led by Convivialité Ventures (Pernod Ricard's investment arm), with participation from new investor Lombard Odier and existing backers including G Squared, GGV Capital, Balderton Capital, Greycroft, Monashees, and Tiger Global. The Series D funding came at a post-money valuation of $800 million, down from $1.3 billion after a $50 million Series C in February 2023, reflecting adjusted market conditions in the quick-commerce sector as noted by JOKR CEO Ralf Wenzel. The capital is earmarked for accelerating growth in Brazil, expanding operations, achieving profitability (breakeven targeted since the prior year), and developing new products. With this round, Daki expects to triple its monthly revenue to reach an annual run-rate of $3.65 million. Daki's business model includes advertising on its platform, which now represents 10% of JOKR's overall revenue and has attracted interest from consumer packaged goods brands. Previously a unicorn valued at $1.2 billion post-merger with JOKR in 2021, the company has focused on sustainable growth amid sector challenges, including exits from other Latin American markets. The funding validates its financial performance improvements, such as scheduled deliveries and expanded product assortments, positioning it to build a leading retail presence in Brazil. |
| Feb 2023 | Series C | - | $50M | - | Daki is a Brazilian on-demand delivery platform for essential market products, emphasizing direct sourcing from suppliers, proprietary logistics, and dark stores for rapid distribution. It operates as the Brazilian brand of Jokr following a 2021 merger. In its Series D round announced around early 2023, Daki raised $50 million led by Convivialité Ventures (Pernod Ricard's investment arm), with participation from new investor Lombard Odier and existing backers including G-Squared, GGV, Balderton Capital, Greycroft, Tiger Global, and Monashees. The funds aim to accelerate growth toward profitability and breakeven, as targeted by parent Jokr. With the Series D investment, Daki expects to triple its monthly revenue to reach an annual run rate of $3.65 million while developing new products. Earlier, Jokr (including Daki) had raised a Series C of $10.21 million earlier in 2023, increasing valuation to $1.3 billion per CEO Ralf Wenzel, building on a prior $1.2 billion valuation from late 2021. The company has prioritized Brazil, investing nearly 70% of prior funds there for superior scale and efficiency compared to other markets. Previous Series B in November 2021 raised $260 million. Daki competes in the quick-commerce space akin to Instacart, focusing on authentic products and cost-effectiveness by bypassing intermediaries. The Series D marks a resurgence in Series D activity amid capital constraints, supporting sustainable growth and retail reinvention in Brazil. |
Who has invested in Daki?
10 investors have backed Daki across its funding rounds, including Tiger Global, Greycroft, GGV Capital, Balderton Capital, MONASHEES and G Squared.
Lead investors include iFood, 4equity Media Ventures and Convivialite Ventures.
Daki Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Lead | Jan 2024 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
This data is available for Pro users. Sign up to see all 10 Daki investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDaki Competitors
Daki competitors include listed companies like Goto Gojek Tokopedia, EverQuote, Nextdoor and ATRenew, and private ones like Dingdang Kuaiyao and Flink.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $569M | - | $522M | - | ||
| Publicly listed | $1B | ($16M) | $1.4B | 0.3x | ||
| Publicly listed | $693M | $62M | $855M | 0.8x | ||
| Publicly listed | $258M | ($69M) | $863M | 1.8x | ||
| Publicly listed | $3.2B | $85M | $888M | 0.2x | ||
| Private | $500M | - | $900M | - |
Daki Public Comps
Daki is still privately-owned, but its public comps include EverQuote, Nextdoor, UT Group, ATRenew, Timee, Web Travel Group, SMZDM.com, Trainline, almeera and Nerdwallet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $693M | $62M | 0.9x | 0.8x | 10.3x | 5.5x | |||
| $258M | ($69M) | 2.0x | 1.8x | (7.4x) | 20.1x | |||
| $1.1B | $81M | 0.7x | 0.7x | 9.5x | 9.1x | |||
| $3.2B | $85M | 0.2x | 0.2x | 8.1x | 6.0x | |||
| $132M | $23M | 7.0x | 3.0x | 40.0x | 15.0x | |||
| $277M | $85M | 2.7x | 2.6x | 8.9x | 7.0x | |||
| $194M | $20M | 3.8x | 3.5x | 37.5x | 31.9x | |||
| $607M | $221M | 2.0x | 2.0x | 5.4x | 4.9x | |||
This data is available for Pro users. Sign up to see all Daki competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Daki
| When was Daki founded? | Daki was founded in 2020. |
| Where is Daki headquartered? | Daki is headquartered in São Paulo, Brazil. |
| Is Daki publicly listed? | No, Daki is a private, VC-backed company. |
| What is Daki's valuation? | Daki was last valued at $850M in its undisclosed-stage round in January 2024. |
| How much funding has Daki raised? | Daki has raised $105M across 4 funding rounds. |
| What was Daki's last funding round? | Daki's last funding round was a strategic investment round in May 2026, led by iFood. |
| Who are Daki's investors? | Daki's investors include Convivialite Ventures, Balderton Capital, 4equity Media Ventures, Greycroft, iFood, G Squared, Lombard Odier, Tiger Global, GGV Capital and MONASHEES. |
| What is Daki's revenue? | Daki's latest recorded revenue is $198M (May 2026). |
| Which companies are comparable to Daki? | Companies comparable to Daki include Dingdang Kuaiyao, Goto Gojek Tokopedia, EverQuote, Nextdoor, ATRenew and Flink. |
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