DealStreetAsia
Indonesian multi-brand F&B operator DailyCo has added several investors to its cap table following the conversion of outstanding notes previously issued to Yummy Corp, the cloud kitchen startup it acquired earlier this year.
DailyCo issued 36,790 “Series B redeemable convertible preference shares” worth $8 million to Yummy investors, according to its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) dated November 26, 2025. The shares were issued at $217.46 apiece, the filing shows.
Batavia Venture Partners is the largest recipient under the conversion, receiving 16,095 Series B shares, translating to $3.5 million in paid-up capital.
Growth Acceleration Fund (GAF) was allotted 9,198 shares, while Vectr Ventures received 3,832 shares. AppWorks was allocated shares across two vehicles: 2,066 shares for AppWorks Fund III and 617 shares for AppWorks Ventures III. Other recipients include Mandela Capital, Quest Ventures, and Intudo Ventures.
The allocation reflects the conversion of the instrument, originally tied to Yummy Corp, into equity in Daily Group International, DailyCo’s Singapore holding vehicle.
The conversion formalises the move of Yummy’s former noteholders into DailyCo’s shareholders and confirms that the post-acquisition cap table has now been consolidated under the Singapore entity.
