Hard discount chain DALI Discount received $25 M from growth equity firm Venturi Partners
Growth equity firm Venturi Partners (Venturi), based in Singapore and focused on consumer investments in India and Southeast Asia, announced on Tuesday that it has invested $25 million in DALI Discount (DALI), a hard discount chain that operates in the Philippines and is rapidly expanding.
According to a statement from Venturi, the investment will further expedite DALI’s ambitious expansion plans to fulfill its mission of selling high-quality, reasonably priced groceries for everyday consumption at the lowest possible price in its local neighborhood stores.
The statement claims that Venturi Partners’ investment in DALI demonstrates the company’s faith in the hard discounter business model, seasoned management team, and significant market potential to upend the Philippine retail industry.
Venturi claimed that by utilizing its broad network and in-depth knowledge of the consumer sector, the company is well-positioned to assist DALI in expediting its expansion plans, improving operational effectiveness, and fortifying its position in the Philippine market.
Venturi joins Navegar, Creador, the Asian Development Bank, and other family offices and institutional investors on DALI’s cap table with investments made from its $180 million inaugural fund.
“We are thrilled to announce our partnership with DALI, a company that is democratizing access to high-quality groceries in the Philippines,
“DALI’s commitment to maximizing value for its customers aligns seamlessly with our consumer-first investment philosophy, and we see tremendous potential for the company to expand its reach and improve the lives of even more households across the Philippines,” said Nicholas Cator, Founding Partner at Venturi.
Since its founding in 2020, DALI has grown to become the leading discounter in the Philippine retail market by providing a core selection of the 400 most essential consumer goods, both food and non-food.
DALI is well-known for its dedication to consistently low prices on its carefully chosen assortment of high-quality basics. It provides substantial value to both smart shoppers and those looking to stretch their grocery budgets without compromising on quality.
Its goal is to make every Filipino household’s everyday life better by delivering high-quality goods at the most affordable prices right next door.
After investing in Pickup Coffee last year, a rapidly expanding grab-and-go coffee chain that offers premium coffee at incredibly low prices, this transaction marks Venturi’s second investment in the Philippines.
