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Ex-Grab Philippines President Raises Us$10.5M From Regional And Global Investors To Drive Sarisuki's Expansion Into Quick Commerce

Mar 02, 2022over 3 years ago

Amount Raised

$10.5 Million

PhilippinesSustainabilityConsumer GoodsData And AnalyticsCommerce And Shopping

Description

SariSuki, a fast growing social commerce startup, is expanding into quick commerce with a vision to build an end-to-end eGrocery platform in the Philippines. With the launch of this new service, SariSuki is now able to create greater value for producers at source as well as hyper-convenience for consumers. This expansion follows significant fundraising that counts Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners amongst those who participated. The latest US$7.1M round took total funding for the company to US$10.5M in 2021.

Company Information

Company

President

Location

Philippines

About

From left to right: Bam Mejia - Chief Commercial Officer, Philippe Lorenzo - Chief Operating Officer, Angelo Lee - Head of Strategy and Fundraising, Brian Cu - Chief Executive OfficerCapturing the end-to-end opportunity in e-grocery market with quick commerce expansionGlobal and regional investors have taken notice of the size and potential of the e-commerce retail market as well as the social impact the company can have through its unique model. The company launched in May 2021 and has grown 36x after 9 months.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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