Philippine-based SariSuki has raised a total of US$10.7 million in its latest funding round.
The social commerce startup plans to use the fresh funds to expand its product assortment, dark warehouses and new market penetration.
Key Highlights of SariSuki
- The startup was founded in 2020 and one of its co-founders include Brian Cu, ex-Grab Philippines' president.
- Since its inception, the startup has served more than 60,000 consumers with over 100 employees.
- The community group-buying startup is expanding to quick commerce and its app commits to delivering high-quality produce in under 15 minutes within its coverage areas.
- SariSuki, having a strong and robust supply chain at speed, aims to tackle the Philippines’ low adoption of e-commerce services in the groceries vertical.
- The startup operates in an agent-assisted model, servicing its consumers through community leaders, hence keeping prices low while maintaining high product quality.
