PH e-Commerce startup secures $10.7-M funding
Philippine-based e-commerce startup SariSuki raised US$10.7 million from regional and global investors.
The virtual sari-sari store secured its funding from software company Openspace and investment firms Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners.
In a statement, SariSuki founder Brian Cu said that the fresh funds will expand the company’s operations, particularly its coverage and product portfolio.
SariSuki is an e-Commerce company that offers Filipinos value grocery products at extremely affordable prices.
Cu added that they are also “empowering community leaders to be strong micro-entrepreneurs that will help propel the country’s economic growth from the grassroots level.
SariSuki’s gross merchandise value has grown 36 times since May 2021. It is now serving over 60,000 consumers in the Greater Manila Area, Bulacan, Cavite, Laguna, and some parts of Rizal and Pampanga.
