Ex-Grab Philippines President Raises Us$10.5M From Regional And Global Investors To Drive Sarisuki's Expansion Into Quick Commerce
Ex-Grab Philippines President Raises Us$10.5M From Regional And Global Investors To Drive Sarisuki's Expansion Into Quick Commerce
03/02/22, 12:00 AM
Location
philippinesMoney raised
$10.5 million
Industry
sustainability
consumer goods
data and analytics
commerce and shopping
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 Info
Location
philippines
Additional Info
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.