Philippines' SariSuki Raised US$10.7 Million; Enters Quick Commerce

The group-buying startup had a 36x growth in the past 9 months


Teckwai Saw

2 Mar, 2022

Philippines' SariSuki Raised US$10.7 Million; Enters Quick Commerce | BEAMSTART News

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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.

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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.

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