Philippines-based SariSuki bags $7.1m in funding round

The company is aiming to build an e-grocery platform in the country.

Philippines-based social commerce startup SariSuki is expanding into quick commerce after clinching $7.1m in a funding round, bringing the total funds of the company to $10.5m, the company announced in a press release.

Investors who participated in the funding round included Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners.

With a vision to build an end-to-end e-grocery platform in the Philippines, SariSuki is committing to delivering produce in under 15 minutes within its coverage areas.

With former Grab Philippines president Brian Cu as one of its founders, SariSuki aims to empower communities with more options to shop for groceries online, by buying fresh produce in bulk from local farmers and offering them to the local community at a discounted price.

The company reported 36 times growth in the past 9 months. It has served more than 60,000 consumers and grown the team to over 100 employees.