Philippines-Based Msme Platform Growsari Adds $77.5 Million To Its Series C

Philippines-Based Msme Platform Growsari Adds $77.5 Million To Its Series C

03/29/22, 3:18 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/PH.svgmanila
Money raised
$77.5 million
Round Type
series c
GrowSari, a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 million to its Series C round. Along with prior funding, including $45 million announced in January, this brings the round’s total to about $110 million. Investors included the International Finance Corporation, KKR, Wavemaker Partners and the Temasek Group’s Pavilion Capital.

Company Info

Company
Grow Sari
Location
manila, national capital region, philippines
Additional Info
GrowSari started in 2016 as an ordering platform servicing roughly sari-sari stores in three cities. Today, GrowSari powers the management, growth, and analytics infrastructure across 220 municipalities and is now further expanding. In addition to providing credit and affordable, on-demand inventory, GrowSari’s platform also generates crucial data & insights into the operations of these stores for manufacturers and distributors to build their strategies and campaigns upon. GrowSari has also integrated multiple-microservices such as telco load, bills pay, e-commerce, Wi-Fi and other eservices, allowing store-owners to maximize their capital in one wallet and easily expand their business. GrowSari is certified as a Great Place To Work® in the Philippines. The GrowSari leadership team is composed of young and dynamic industry leaders who built their expertise from working with global corporations and consultancies including P&G, Unilever, J&J, and Boston Consulting Group as well as Uber, Globe Telecom, and GCash.