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- Growsari Scores $5 Million Investment from OGA
Growsari Scores $5 Million Investment from OGA
Growsari, the innovative B2B platform for sari-sari stores in the Philippines, has secured a $5 million funding boost led by Oppenheimer Generations Asia (OGA).
Boosting Small Businesses: Growsari aims to empower 1.3 million independent sari-sari store owners with advanced technology, potentially doubling their income and addressing their traditional challenges in supply chain and funding.
Enhanced Services: Store owners benefit from free delivery, flexible payment options (cash, digital, credit), and no minimum purchase requirements. The Growsari app also supports digital services like bill payments, e-wallet top-ups, and insurance.
Comprehensive Tools: Growsari provides essential business management tools, including cash management, payments, credit, and insurance, to help store owners manage and expand their operations.
Growth Milestones: Since its last funding round in 2022, Growsari has more than doubled its revenue and is approaching profitability.
Growsari’s new funding is set to drive significant advancements in supporting and expanding the reach of small businesses across the Philippines.