NIBL Equity Partners to invest in Delish Dairies
NIBL Equity Partners, a leading private equity firm fostering sustainable businesses registered with SEBON under the Specialized Investment Fund Regulations 2019 and managed by NIMB Ace Capital Limited, a SEBON-approved Fund Manager, has signed a definitive agreement to invest NPR 95m in Delish Dairies on July 15, 2024. This partnership fuels Delish Dairies’ ambitious vision of establishing itself as a national leader in modern, high-quality dairy products.
Aligning with Innovation and Excellence:
NIBL Equity Partners, managed by NIMB Ace Capital Limited, recognizes Delish Dairies’ dedication to excellence. Their “Delish” brand of Greek yogurt exemplifies their innovative spirit, while their “Panchami” line upholds cherished local favorites. This investment underscores Delish’s revolution in the Nepali dairy landscape.
Empowering Expansion:
Our investment empowers Delish Dairies to:
- Scale Production Capacity: Enhance capabilities to meet the surging demand for their delectable products through the acquisition of technologically advanced machinery in their current factory in Chitwan, significantly increasing their current processing capacity to 10,000 liters of milk per day.
- Fuel Product Innovation: Introduce exciting new dairy creations to tantalize taste buds across Nepal with new products and flavors.
- Expand Market Reach: Strengthen distribution networks, bringing Delish products to a wider audience.
- Become a leading Cheese producer: Construct a new, state-of-the-art factory in Fikkal, Illam dedicated to cheese production, aiming to replace reliance on foreign dairy imports.
- IPO on the Horizon: Support Delish Dairies’ preparation for a future Initial Public Offering (IPO) to tap into domestic capital markets for further growth.
A Brighter Future:
“NIBL Equity Partners is thrilled to partner with Delish Dairies,” said Mr. Shivanth Pandé, CEO of NIMB Ace Capital Limited. “Their commitment to quality, innovation, and supporting local communities aligns perfectly with our mission. This investment is a catalyst for growth, benefiting Nepali consumers, job creation, and the nation’s overall economic development.”
Mr. Sandeep Paudel, Co-founder and CEO of Delish, expressed his enthusiasm: ” NIBL Equity Partners’ expertise and capital injection arrive at a pivotal moment in our growth trajectory. This partnership strengthens our ability to solidify our position as Nepal’s leading dairy producer, offering consumers a taste of happiness with every bite, while adhering to sustainable practices and empowering local milk producers. With this investment, we are excited to establish Delish as the go-to brand for high-quality dairy products, including a wide variety of domestically produced cheeses.”
Delish: More Than Just a Dairy Brand:
Beyond exceptional taste, Delish Dairies prioritizes:
- Unwavering Quality: High-quality, natural, and preservative-free dairy products consumers can trust.
- Health-Conscious Options: Low-fat and gluten-free alternatives catering to diverse dietary needs.
- Local Sourcing and Support: Incentivized milk pricing programs and community initiatives that empower local farmers.
- Thriving Workforce: A growing team of nearly 70 dedicated employees.
The Future Tastes Delicious:
This investment marks the beginning of an exciting new chapter for Delish and NIBL Equity Partners. Stay tuned for their upcoming product innovations and their journey to becoming a household name synonymous with trust and quality in Nepal!
