Search company, investor...
Search

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

d1.com.co

Founded Year

2009

Stage

Unattributed | Alive

Total Raised

$334M

Valuation

$0000 

Last Raised

$334M | 3 mos ago

About D1

D1 is an operator of discount grocery stores. The company operates a chain of supermarkets located in densely populated areas predominantly in middle-income neighborhoods across several cities in Colombia. It was founded in 2009 and is based in Colombia.

D1 Headquarters Location

Colombia

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest D1 News

CPP Investments acquires 19.3% stake in Koba International (D1) for US $334M

Jul 7, 2022

CPP Investments acquires 19.3% stake in Koba International (D1) for US $334M CPE News (7.7.2022) – Canada Pension Plan Investment Board (CPP Investments) has invested US $334 million for a 19.3% stake in Koba International Group S.A. (D1), the largest hard-discount retailer in Colombia, and the sixth largest food retailer in Colombia, with over 800 stores and 10 distribution centers. The transaction marks CPP Investments first direct private equity investment in Colombia. Financial terms were not disclosed. CPP Investments will join D1 controlling shareholder Capital Group Private Markets as a minority shareholder. Capital Group Private Markets acquired its D1 stake in September 2016 from The Abraaj Group for an undisclosed amount. The Abraaj Group acquires D1 in January 2010. photo credit: D1 CPP Investments Invests US$334 Million in Colombian Food Retailer D1 TORONTO, July 7, 2022 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) today announced that it has invested US$334 million, for a 19.3% stake, in D1, the market leader in Latin America’s expanding “hard discount” food retail space, which focuses on offering selections of private-label products at affordable prices. “Hard discounters” differ from traditional supermarkets by prioritizing convenience and low prices over size and assortment. This business model has proven highly successful in Colombia, where D1 has opened over 2,000 stores since its founding in 2009. The transaction marks CPP Investments first direct private equity investment in Colombia, a market that is predicted by the OECD to grow by 6.1% in 2022 – more than double the global growth forecast. “D1 provides an excellent opportunity to capitalize on the behavioral shift occurring in Latin America’s food retail space, where consumers are adopting new ways of shopping that prioritize convenience and price,” said Tania Chocolat, Head of Active Equities Latin America and São Paulo Office Head at CPP Investments. D1 disrupted the food retail industry in Colombia, where it is leading a boom in the hard discount model. It is steadily opening more stores and introducing new products, which are known throughout Colombia for their high quality and low prices. “Latin America is a region where several industries are undergoing rapid transformation and Colombia is among the markets we’ve identified as particularly fertile for growth,” added Chocolat. “Our investment in D1 supports our goal of identifying standout companies in the region that are well-positioned to deliver strong long-term, risk-adjusted returns for the CPP Fund.” About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the 21 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At March 31 2022, the Fund totalled C$539 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter. SOURCE Canada Pension Plan Investment Board For further information: Asher Levine, Managing Director, Corporate Communications, T: +1 929 208 7939 alevine@cppib.com Related

D1 Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

D1 Rank

  • When was D1 founded?

    D1 was founded in 2009.

  • What is D1's latest funding round?

    D1's latest funding round is Unattributed.

  • How much did D1 raise?

    D1 raised a total of $334M.

  • Who are the investors of D1?

    Investors of D1 include CPP Investments, Capital Group Private Markets and The Abraaj Group.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.