- Companies
- Daki
Daki Revenue, Valuation, Funding & Investors
Daki is valued at $800M as of September 2023.
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
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2023 | Series D | $800M | 200.0x |
Daki Revenue
Daki's latest recorded revenue is $4M, as of its Series D in September 2023.
Daki revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2023 | $4M | $800M | 200.0x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Strategic investment | iFood (lead) | - | - | - |
| Jan 2024 | Series A | 4equity 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 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, Balderton Capital, GGV 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 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDaki Competitors
Daki competitors include listed companies like Goto Gojek Tokopedia and EverQuote, and private ones like Dunzo, Movile, Dingdang Kuaiyao and Snackpass.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $24M | - | $775M | 32.3x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $522M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $1B | ($16M) | $3B | 1.7x | ||
| Publicly listed | $693M | $62M | $806M | 0.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $693M | $62M | 0.9x | 0.8x | 9.9x | 5.5x | |||
| $105M | $19M | 7.7x | 6.9x | 43.8x | 33.0x | |||
| $498M | ($19M) | 1.7x | 1.7x | (45.9x) | 11.4x | |||
| $132M | $23M | 6.3x | 2.8x | 36.0x | 13.5x | |||
| $799M | $83M | 1.2x | 1.1x | 11.3x | 11.5x | |||
| $128M | $8M | 5.0x | 4.5x | 83.7x | 57.8x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
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 $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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