Venturi Partners, a Singapore-based growth equity firm, announced a USD 25 million investment in the expansion of global discount grocery chain DALI, marking its second investment in the Philippines. DALI, with over 200 branches nationwide, is a hard-discount retailer chain in the country, contributing to its widespread popularity.
DALI joins Venturi Partners’ portfolio of consumer-focused investments in Asia, which includes Livspace, Country Delight, Believe, and Pickup Coffee. Venturi Founding Partner Nicholas Cator expressed confidence in DALI’s potential to broaden the latter’s reach and making high-quality groceries accessible to more Philippine households.
Venturi Partners claims that this investment reflects its strategy in supporting consumer-driven enterprises in Asia. This partnership with DALI is envisioned to fuel further expansion and impact in the Philippine market, catering to the diverse retail needs of local communities.
(Source: Business World)
