Discount grocery store chain Dali Discount has secured a US$25 million investment from Singapore-based equity firm Venturi Partners to fuel expansion plans.
The investment round was also joined by Navegar, Creador, the Asian Development Bank and other institutional investors and family offices on Dali Discount’s cap table.
Founded in 2020, Dali offers a core range of the 400 most needed consumer goods – food and non-food. The company aims to improve the daily lives of Filipino households by providing high-quality products at low prices.
Venturi Partners said the investment reflects its confidence in the Dali’s hard discounter business model, management team, and the large market opportunity in the Philippines.
The fund will assist the retailer in boosting its expansion initiatives, enhancing operational efficiency, and strengthening its market presence across the country.
“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,” remarked Nicholas Cator, founding partner at Venturi.
This marks Venturi’s second investment in the Philippines, following its partnership with Pickup Coffee last year. Dali will join Venturi’s portfolio of consumer-focused investments in India and Southeast Asia, which includes Livspace, Country Delight, and Believe.
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