GrowSari, a Manila-based platform for digitizing small businesses in the Philippines, announced today it has added $77.5 million to its Series C round. Along with prior funding, including $45 million announced in January, this brings the round’s total to about $110 million. Investors included the International Finance Corporation, KKR, Wavemaker Partners and the Temasek Group’s Pavilion Capital.
The new capital will be used for expansion into new store formats, building a logistics and fulfillment network and hiring for GrowSari’s operations, technology and data science teams.Â
Co-founder and CEO Reymund Rollan told TechCrunch that GrowSari raised again because it wants to expand its fintech offerings for store owners and build its supplier marketplace, including commodities. It also plans to serve more types of MSMEs, like carinderias (small eateries), small over-the-counter pharmacies and other roadsi …
