NIBL Equity Partners to invest in Delish Dairies to boost dairy industry
KATHMANDU: NIBL Equity Partners — a leading private equity firm committed to sustainable businesses — formally sealed a deal to invest Rs 95 million in Delish Dairies. This strategic partnership agreement signed on July 15, 2024, marks a significant milestone for both companies.
Delish Dairies, with a focus on excellence, aspires to become a national leader in modern, high-quality dairy products. Their 'Delish' brand of Greek yoghurt showcases innovation, while the 'Panchami' line preserves local favourites. Now, with NIBL Equity Partners' backing, Delish is poised to revolutionise Nepal's dairy landscape.
The investment will inject fresh energy into Delish Dairies. It will empower the dairy to meet the surging demand for their delectable products by acquiring cutting-edge machinery for their Chitwan factory. This move will significantly boost their daily milk processing capacity to an impressive 10,000 litres.
NIBL Equity Partners and Delish are teaming up to tantalise taste buds across Nepal. Expect exciting new dairy creations and flavours, as well as strengthened distribution networks, to reach a wider audience. And it is said, a state-of-the-art cheese production facility will be established in Phikkal, Illam, aiming to reduce reliance on foreign dairy imports.
The NIBL Equity Partners plans to support Delish Dairies in preparing for an Initial Public Offering (IPO). By tapping into domestic capital markets, Delish can fuel further growth and cement its position as Nepal's premier dairy producer.
"NIBL Equity Partners is thrilled to partner with Delish Dairies," said Shivanth Pandé, CEO of NIMB Ace Capital. "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."
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 Dairies stands firm on its commitment to natural, preservative-free dairy products. Their low-fat and gluten-free alternatives cater to various dietary needs. Additionally, the company actively engages in incentivised milk pricing programmes and community initiatives that empower local farmers.
