Philippine-based shipping platform Shipmates announced raising $ 2.2 million in a seed funding round. The seed round was participated by Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners and other prominent investors. The startup, backed by Y Combinator and Iterative, plans to scale its platform to be the preferred shipping tool of all […]

edamama, the Philippines’ leading parenting-focused e-commerce platform, has secured a $20 million Series A funding round led by Alpha JWC Ventures – one of Southeast Asia’s most prominent venture capital firms. The oversubscribed fundraise is one of the Philippines’ largest early-stage rounds, and includes significant participation by edamama’s existing investors, notable among which are Gentree […]

Packworks, a B2B startup that targets micro stores in the Philippines, has announced raising $2 million in a seed funding round co-led by private equity firm CVC Capital Partners and end-to-end logistics group Fast Group. The funding round was also participated by ADB Ventures, Arise, Techstars, and IdeaSpace Foundation. Packworks will use the fund to […]

As an industry that connects the country and levels the playing field, e-commerce empowers businesses to build their direct-to-consumer platform, especially MSMEs and start-ups. This democratization has resulted in the doubling of the e-commerce market last year and an expected market growth to US$24 billion (PHP1.2 trillion), or 5.5% of GDP, by 2022. To help […]

Philippines-based B2B e-commerce platform GrowSari which is backed by Tencent and private equity major KKR, has raised $77.5 million in its Series C financing round to fuel its expansion plans across the country. The funding round was led by KKR and backed by the International Finance Corporation (IFC) and Pavilion Capital of Singapore’s Temasek Group, […]

Philippine-based B2B E-commerce startup GrowSari has completed a raise of $77.5 million as part of its Series C funding, bringing the total funding to around $110 million, the largest raise in the B2B and MSME space in the Philippines and amongst the largest in the region. Growsari plans to leverage funding to accelerate its national […]

SariSuki, a fast growing social commerce startup based in the Philippines is expanding into quick commerce with a vision to build an end-to-end eGrocery platform in the country. 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 […]

Private equity major KKR is investing $45 million in GrowSari, a B2B e-commerce platform serving MSMEs in the Philippines, to become the lead investor in the startup’s Series C round of funding. KKR’s investment will help the Philippine startup expand into new locations across the Philippines while also bolstering the skills of its financial service. […]

Singapore-based cashback startup ShopBack has raised $40 million funding in an investment round led by Temasek, East Ventures, Indies Capital, EDBI, and January Capital. The fresh funding was announced in March but has been filed with regulators this week after getting a nod from the Australian Foreign Investment Review Board. This investment takes ShopBack’s total […]

Foxmont Capital Partners, a Philippine-based early-stage venture capital firm, has led the $555,000 seed funding in Prosperna, a local online store builder. The funding round was also joined by key investors including Johnsen Global Business Ventures. All of which was a follow-on to Prosperna’s first investor, DayOne Capital Ventures (DCV). Prosperna’s ecommerce platform enables Philippine […]