Daki Revenue, Valuation, Funding & Investors

Daki is valued at $800M as of September 2023.

See full Daki profile

Last Daki valuation

$800M

Series D · Sep 2023

Last Daki funding round

Strategic investment

Amount undisclosed · May 2026

Daki revenue

$4M

Series D · Sep 2023

Key investors in Daki

  • Tiger Global
  • Greycroft
  • Balderton Capital
  • GGV Capital
  • MONASHEES
  • G Squared

Daki Overview

About Daki

Daki is a Dubai-based on-demand delivery app enabling purchases from local stores in minutes. Users order groceries, pharmacy items, and essentials via mobile for hyperlocal fulfillment. Launched in 2021, it operates in the UAE with partnerships to over 1,000 retailers.


Founded

2020

HQ

BrazilSão Paulo

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$4M (Sep 2023)

Valuation

$800M (Sep 2023)

Daki Valuation

Daki is currently valued at $800M, based on its Series D in September 2023.

The $50M round was led by Convivialite Ventures, with participation from Balderton Capital, Greycroft, G Squared, Lombard Odier, Tiger Global and 2 other investors.

Daki valuation by funding round

Daki valuation by funding round
DateStageValuationRevenue Multiple
Sep 2023Series D$800M200.0x

Daki Revenue

Daki's latest recorded revenue is $4M, as of its Series D in September 2023.

Daki revenue by funding round

Daki revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2023$4M$800M200.0xSeries D

* 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

Daki funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Strategic investmentiFood (lead)---
Jan 2024Series A4equity Media Ventures (lead)$5M-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 2023Series DConvivialite Ventures (lead); Balderton Capital; Greycroft; G Squared; Lombard Odier; Tiger Global; GGV Capital; MONASHEES$50M$800MDaki, 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 2023Series 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, Balderton Capital, GGV Capital, MONASHEES and G Squared.

Lead investors include iFood, 4equity Media Ventures and Convivialite Ventures.


Daki Investors

Investors in Daki by funding rounds participated
InvestorHQRoundsRoleFirst check
Convivialite VenturesUnited StatesSan Francisco, CA1LeadSep 2023
Balderton CapitalUnited KingdomLondon1ParticipantSep 2023
4equity Media VenturesBrazilBrazil1LeadJan 2024
GreycroftUnited StatesNew York City, NY1ParticipantSep 2023
iFoodBrazilOsasco1LeadMay 2026
G SquaredUnited StatesChicago, IL1ParticipantSep 2023
Lombard OdierSwitzerlandGeneva1ParticipantSep 2023
Tiger GlobalUnited StatesNew York City, NY1ParticipantSep 2023

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Daki Competitors

Daki competitors include listed companies like Goto Gojek Tokopedia and EverQuote, and private ones like Dunzo, Movile, Dingdang Kuaiyao and Snackpass.

Public and private companies comparable to Daki
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DunzoIndiaBangalorePrivate$24M-$775M32.3x
MovileBrazilSão PauloPrivate--$1B-
Dingdang KuaiyaoChinaBeijingPrivate--$522M-
SnackpassUnited StatesSan Francisco, CAPrivate--$400M-
Goto Gojek TokopediaIndonesiaIndonesiaPublicly listed$1B($16M)$3B1.7x
EverQuoteUnited StatesUnited StatesPublicly listed$693M$62M$806M0.8x

Daki Public Comps

Daki is still privately-owned, but its public comps include EverQuote, Bengo4.com, Groupon, Timee, almeera, Ixigo, WeBuyCars, ATRenew, UT Group and Trainline.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EverQuote$693M$62M0.9x0.8x9.9x5.5x
Bengo4.com$105M$19M7.7x6.9x43.8x33.0x
Groupon$498M($19M)1.7x1.7x(45.9x)11.4x
Timee$132M$23M6.3x2.8x36.0x13.5x
almeera$799M$83M1.2x1.1x11.3x11.5x
Ixigo$128M$8M5.0x4.5x83.7x57.8x
WeBuyCars$1.6B$90M0.5x0.5x9.7x8.6x
ATRenew$3.1B$84M0.2x0.2x8.2x6.6x

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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 $800M in its Series D in September 2023.
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 $4M (September 2023).
Which companies are comparable to Daki?Companies comparable to Daki include Dunzo, Movile, Dingdang Kuaiyao, Snackpass, Goto Gojek Tokopedia and EverQuote.

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