News

Stores

Staff Reporter

, Philippines

Published:

1 month ago

Photo from DALI

Venturi Partners invests $25m in DALI Discount for Philippine expansion

It is Venturi Partners’ second Philippine investment after Pickup Coffee.

Philippine-based grocery chain DALI Discount has received $25m in investment from equity firm Venturi Partners for its ambitious expansion plans.

The firm has invested out of its $180m maiden fund to further DALI’s operation as the top discounter in Philippine retail.

Through the $25m investment, Venturi Partners has found confidence in DALI’s firm discounter business model, strong management team, and large market opportunity over the growing retail landscape in the Philippines.

ALSO READ: Flipkart invests $54m in Myntra to fuel India's fashion e-commerce boom

“DALI's commitment to maximising 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,” Nicholas Cator, founding partner at Venturi, said.

DALI is Venturi’s second investment in the Philippines, with the first being quick-service coffee chain Pickup Coffee last year.

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