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e-CommerceMarketplace

Growsari Bags $5M to Supercharge Filipino Mom-and-Pop Shops

Nicole Kristine Jovero
Last updated: August 16, 2024 2:43 am
Nicole Kristine Jovero
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1 Min Read
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  • Growsari raises $5 million to empower Filipino sari-sari store owners.
  • Company offers B2B e-commerce, financial services, and logistics to 100,000 stores.
  • Growsari doubles revenue since 2022 funding, nears profitability.

Contents
Corner store revolutionTriple threat of services

Corner store revolution

Growsari, a B2B marketplace for sari-sari stores in the Philippines, has secured a $5 million investment from Oppenheimer Generations Asia.

The e-commerce startup aims to empower 1.3 million independent entrepreneurs running small neighborhood stores by democratizing access to technology and doubling their earnings.

Triple threat of services

Founded in 2016, Growsari now serves 100,000 stores across 400 municipalities nationwide through its three business lines: SariMart (B2B e-commerce), SariPay (MSME financial services), and Tranko (last-mile logistics).

The platform offers affordable goods, free delivery, flexible payment options, and digital services to help store owners grow their businesses. Since its $77.5 million Series C funding round in 2022, Growsari has doubled its revenue and is approaching profitability.

The fresh capital will support its existing business lines and provide liquidity to employees and early-stage investors, further solidifying its position in the Filipino retail landscape.

TAGGED:div5

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