Tech Company Financing Transactions
GrowSari Funding Round
GrowSari closed a $16 million Series B financing round on 6/22/2021. Investors included Tencent Holdings, ICCP Venture Partners and IFC.
Transaction Overview
Company Name
Announced On
6/22/2021
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Series B
Investors
Tencent Holdings (Lead Investor)
ICCP Venture Partners (Miguel Encarnacion)
Proceeds Purpose
GrowSari plans to use the new funds to bankroll its geographical expansion plans, aiming to reach 300,000 stores across the Philippines.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Joy-Nostalg Center, 17 ADB Ave Level 29
Manila, 1600
Philippines
Manila, 1600
Philippines
Phone
Website
Email Address
Not Recorded
Overview
Founded in 2016, GrowSari is a tech-enabled B2B platform that helps small retailers in the Philippines be more successful. GrowSari powers the management, growth, and analytics infrastructure of over 50,000 stores in 100 cities. In addition to providing affordable, on-demand inventory as well as working capital loans, GrowSari's platform also generates crucial data & insights into the operations of these stores.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Reymund Rollan
Browse more venture capital transactions:
Prev: 6/22/2021: Curate venture capital transaction
Next: 6/22/2021: Bueno Finance venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to document all VC transactions involving tech companies. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs