MERKADO PLUS

The first SMART Supermarket chain in the Philippines heading its kick-off in Iloilo City

Altivolus Capital Partners and Altivolus Capital Management, with Stephen Faulkner and Mirza Nadeem Baig as Managing Directors, a Registered Investment Advisor based in Colorado, USA funds the new SMART supermarket chain venture in the Philippines.

What makes MERKADO Plus unique is its SMART concept and store design that combines sustainability and technology working along, making waves to the emerging market trends in this fast-paced changing world. Advancing Filipino daily lives through easy access smooth flow purchasing and swift service delivery that satisfies clients and customers.

MERKADO PLUS IS DRIVEN BY THE FOLLOWING:

NETWORK

Merkado makes use of distribution channels for conventional supermarkets.

The Distribution Centers (DCs) are supplied several times a week, which guarantees an optimal number of stocks.

BRAND

Using the brand name, Merkado creates more trust and more recognition for customers.

As the name itself signifies the term Merkado means “Market” where buying, selling and trading takes place.

TECHNOLOGY

Merkado utilizes the advancement of eCommerce technology both online and in-store operations.

Digital experiences will make it easier for Merkado customers to find, research and buy the goods and food brands they want.

CULTURE

The Philippines is a culture-rich country.

Long term customer relationship plays a significant role in Merkado’s success by promoting and sustaining the
Filipino cultures and traditions.

MERKADO means “Market”, a great shopping place created for everyone. Founded in 2019 with a vision to empower Filipinos in either purchasing online or in a physical store in the most convenient way through fast delivery with the broadest selection of goods.

The business venture aims to revolutionize the traditional market experience. Bringing a variety of high-quality products, healthy/organic farm goods and a wide range of services operated under one roof, both online and physical supermarket setting that would provide consumers with an aspirational lifestyle, reliable service, quality products and consistent convenience.

Supporting the local growers and suppliers in the locality by tapping them directly and plug them in an ever-expanding network of international and local wholesale manufacturers-this way Merkado could offer low costs products while maintaining the highest of standards.

BROADEST SELECTION OF PRODUCTS FROM LOCAL AND INTERNATIONAL MANUFACTURERS

PARTNERSHIP WITH

This SMART hybrid concept of Merkado venture made Altivolus Capital Partners say “yes” to invest USD15 Million. It shows great potential since the Philippines’ economic development is one of the emerging economies in Southeast Asia.

International grocery market analyst IGD projected that the Philippines will become the fifth largest grocery retail market in Asia by 2021, after China, India, Japan and Indonesia. With grocery retail sales already at USD 96 billion in 2016, IGD estimated the figure could reach USD 150 billion in 2021, growing an average of 9.3 percent year-on-year.

Merkado’s timeframe determined to launch its first store in the heart of Visayas region, Iloilo, Philippines.

To know more about Merkado, click here.