• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    App-Analytics-and-Data-Driven-Insights-Appedus

    Marketing 101 : Top App Analytics and Data-Driven Strategies

    In-app-purchases-and-in-app-subscriptions-Appedus

    In-App Purchases and Subscriptions

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      Adverse Effects Of UV Radiation

      6 Adverse Effects Of UV Radiation

      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

      How to Create a Mobile App Marketing Strategy That Works

      How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

      How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

      App-Analytics-and-Data-Driven-Insights-Appedus

      Marketing 101 : Top App Analytics and Data-Driven Strategies

      In-app-purchases-and-in-app-subscriptions-Appedus

      In-App Purchases and Subscriptions

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        The-future-of-mobile-virtual-events-and-webinars-appedus

        The Future of Mobile Virtual Events and Webinars

        The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

        The Rise of Mobile Payment and Financial Apps

        Adverse Effects Of UV Radiation

        6 Adverse Effects Of UV Radiation

        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Business

      KKR invests $45 million in GrowSari, a B2B platform for Filipino MSMEs

      GrowSari, a Manila-based company that aids small businesses with growth and digitalization, said today that KKR would lead a $45 million Series C funding.

      by Editorial Team
      January 27, 2022
      in Business, Featured, Funding, News-Curated
      Reading Time: 3 mins read
      0
      GrowSari

      Source: Google Images

      Share on FacebookShare on Twitter

      Table of Contents

      • Main Highlights:
      • About GrowSari

      Main Highlights:

      • GrowSari, a Manila-based company that aids small businesses with growth and digitalization, said today that KKR would lead a $45 million Series C funding.
      • The funds will expand its financial solutions and strengthen its presence in the Philippines.
      • GrowSari, created in 2016, is a business-to-business platform that offers practically every service required for small- to medium-sized retailers, such as neighborhood convenience stores (called sari-saris), roadside and market shops, and pharmacies.

      GrowSari, a Manila-based firm that assists small businesses in growing and digitizing, said today that KKR would lead a $45 million Series C financing. The cash will be utilized to grow the company’s financial solutions and reach additional locations in the Philippines. The Series C round is still underway, and the business reports that it has already surpassed its target size, with the final composition being finalized.

      GrowSari raised a total of $30 million earlier in its Series C funding round. GrowSari in June 2021, when it announced its Series B financing. Since then, it has increased its service area from 100 to 220 municipalities and grown its client base to 100,000 micro, small, and medium-sized company (MSME) store owners.

      The firm was founded in 2016, is a business-to-business platform that provides nearly every service required for small- to medium-sized merchants, including local stores selling daily needs (dubbed sari-saris), roadside and market shops, and pharmacies.

      For instance, it operates a wholesale marketplace that features items from leading fast-moving consumer goods (FMCG) companies such as Unilever, Procter & Gamble, and Nestlé. It collaborates with over 200 companies, including telecoms, fintech, and subscription plans, to enable sari-saris to provide clients services such as top-ups and bill payments.

      Additionally, sari-sari entrepreneurs may use GrowSari to develop e-commerce sites and obtain short-term working capital loans for inventory purchases. The business’s other financial products include digital wallets and cash-in services, and the company is exploring partnerships with other providers to provide remittance, insurance, and loans.

      The additional financing will expand into Visayas and Mindanao, the Philippines’ two other major geographical areas, to eventually reach all 1.1 million “mom and pop” establishments in the country.

      GrowSari team Large

      About GrowSari

      Sari-sari stores are local convenience stores found across the Philippines. They typically provide everyday essentials and occasionally double as community centers. Earlier in June, GrowSari, a startup digitizing sari-sari stores by offering features such as pricing tools, inventory management, and working capital loans, announced that it had raised a Series B round of funding from several prominent investors bringing its total budget to $30 million.

      GrowSari was formed in 2016, and the company claims that over 50,000 retailers presently use its B2B platform throughout more than 100 municipalities in Luzon, the Philippines’ most significant and populous island. Its eventual objective is to serve one million sari-sari stores.

      According to GrowSari, the Philippines has over 1.1 million sari-sari stores, which account for 60% of fast-moving consumer goods (FMCG) sales, making them a lucrative distribution route for wholesalers. Along with its supplier marketplace, GrowSari claims to provide sari-sari shop operators preferential pricing on items from about a thousand FMCG companies, including Unilever, P&G, and Nestle, which it claims may help retailers quadruple their earnings. Additionally, the app offers online payment of telecom and utility bills, remittances, and microfinance for working capital loans.

      GrowSari was founded by Reymund Rollan, Shiv Choudhury, Siddhartha Kongara, and Andrzej Ogonowski as a backend system to handle logistics and inventory for sari-sari retailers.

      Because most sari-sari stores are operated independently, their margins are lower than those of large merchants that can negotiate agreements with FMCG wholesalers. GrowSari’s supplier marketplace resolves this issue by providing sari-sari merchants access to the same Distributor List Prices as major retailers and wholesalers.

      GrowSari’s marketplace does not require a minimum purchase, and it enables sari-sari stores to accept payment via cash on delivery, GrowCoins (or cash credits that can be topped up via GrowSari’s shippers, online transfers, banks, or over-the-counter at convenience stores), or E-Lista, GrowSari’s seven-day loan product.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      facebook Diem

      Facebook's doomed cryptocurrency venture is almost certainly coming to an end

      Weekly Newsletter

      Top Apps This Week

      The-Top-Mobile-App-Trends-to-Watch-for-in-2023-appedus
      Featured

      The Top Mobile App Trends to Watch for in 2023

      by Editorial
      March 2, 2023

      In this article, we will explore the top mobile app...

      Read more
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      February 22, 2023
      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      February 17, 2023
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      Data-Security-Measures-Appedus

      Writing an Effective Privacy Policy for Your Mobile App

      September 21, 2023
      How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-jpg.webp How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-appedus

      Best Way to Handle Negative Reviews of an App: A Comprehensive Guide for Businesses

      September 20, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version