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Tag: DSG Consumer Partners

  • DSG Consumer Partners Buys Singapore Wellness Brand Bback

    DSG Consumer Partners Buys Singapore Wellness Brand Bback

    DSG Consumer Partners has acquired Singapore recovery and wellness brand bback from Evo Commerce, taking control of a business distributed across more than 400 retail outlets.

    The venture capital firm completed the buyout alongside Saket Gore, the former Asia Pacific chief executive of Himalaya Wellness, who steps in as bback’s chief executive.

    Retail footprint and executive shift

    Bback started as an alcohol recovery brand before adding hydration and liver wellness formulations to its catalogue. In Singapore, the brand sells through pharmacy chains Guardian and Watsons as well as online platforms. The companies did not disclose financial terms of the transaction.

    Under the new ownership structure, bback plans to broaden its product line beyond hangover remedies into a wider range of daily recovery and functional health items. Singapore will remain the brand’s primary market in the near term.

    Consolidation in regional consumer health

    Consumer health and functional wellness labels in Southeast Asia face increasing pressure to move beyond direct-to-consumer online sales into established pharmacy chains and convenience store networks. Scaling those physical footprints requires professional operating leadership and deeper supply chain funding.

    The immediate milestone to watch is bback’s rollout of its expanded wellness formulations across its existing 400 retail points of sale in Singapore under Gore’s management.

  • SaladStop! raises $5m from new partners

    SaladStop! raises $5m from new partners

    Singapore salad bar chain SaladStop! has raised S$5 million (US$3.6 million) from private equity firmsDSG Consumer Partners and Hera Capital who took a minority stake in the company.

    SaladStop! has 15 outlets in Singapore and eight in the Philippines, with stores in Hong Kong, Indonesia and Japan scheduled to open by the end of the year. Its first round of funding will be focused on further growing its footprint in Singapore, investing into new ventures and continuing to develop its technological platforms.

    A family business, SaladStop! was founded by hotelier Daniel and Adrien Desbaillets in 2009 and is co-headed by daughter Katherine and son-in-law Frantz Braha.

    Hera Capital’s Thierry de Panafieu says the company benefits from the growing middle class in Asia and increasing awareness toward healthy and sustainable eating.

    SaladStop!’s motto, Eat Wide Awake, encourages consumers to be more knowledgeable about their food. It is pioneering a food movement that believes in the basic human right to truly eat well.

    Hera Capital is a private equity firm investing in fast-growing SMEs in the consumer retail, media and digital sectors with a focus on Southeast Asia. Hera Capital has invested into such firms as ActSocial, Bel Perfumes, CashCashPinoy, Creme Simon and Sophie Paris.

    DSG Consumer Partners is a venture capital fund focussed on early-stage consumer businesses in India and Southeast Asia. Brands funded and backed by the founders since 2004 include Bakers Circle, Burger King India, Chai Point, Eazydiner, Raw Pressery, Saffronart, Saraf Foods, Smoke House Deli, Sula Wines and Veeba Food.