SariSuki, a Manila, Philippines-based social commerce startup, raised US$7.1M in funding.
Backers included Openspace, Susquehanna International Group, Global Founders Capital, Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners, among others. The latest round took total funding for the company to US$10.5M in 2021.
SariSuki intends to use the funds to increase the business product assortment, dark warehouses and expand geographically.
Founded in 2021 by Bam Mejia – Chief Commercial Officer, Philippe Lorenzo – Chief Operating Officer, Angelo Lee – Head of Strategy and Fundraising, and Brian Cu – Chief Executive Officer, SariSuki is a Philippine Community Group Buying startup for daily essentials and groceries. The quick commerce app commits to delivering high-quality produce in under 15 minutes within its coverage areas.
The business has served >60,000 consumers and grown the team to over 100 employees.
FinSMEs
02/03/2022