About Growsari
Growsari is a company based in Pasig (Philippines) founded in 2016 by Shiv Choudhury, ER Rollan, and Siddhartha Kongara.. Growsari has raised $82.5 million across 5 funding rounds from investors including Tencent, KKR and International Finance Corporation. Growsari offers products and services including Growsari App, Growcoins, and Buy Now Pay Later. Growsari operates in a competitive market with competitors including BigCommerce, Unicommerce, Anchanto, iVend Retail and everstox, among others.
- Headquarter Pasig, Philippines
- Founders Shiv Choudhury, ER Rollan, Siddhartha Kongara
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Sectors
TechnologyRetail Transportation, Automotive & Logistics
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Phone
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Website
*********
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Social
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- Legal Name The Growsari Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$82.5 M (USD)
in 5 rounds
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Latest Funding Round
$5 M (USD), Series C
Aug 07, 2024
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Investors
Tencent
& 10 more
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Employee Count
Employee Count
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Products & Services of Growsari
Growsari offers a comprehensive portfolio of products and services, including Growsari App, Growcoins, and Buy Now Pay Later. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering products and managing payments for stores.
Digital tool for purchasing items within the app ecosystem.
Feature allowing deferred payments for product purchases.
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Funding Insights of Growsari
Growsari has successfully raised a total of $82.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $5 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $5.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series C - Growsari | Valuation | Oppenheimer Generations |
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| Mar, 2022 | Amount | Series C - Growsari | Valuation | IFC , KKR | |
| Jan, 2022 | Amount | Series C - Growsari | Valuation | KKR |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Growsari
Growsari has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, KKR and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by this venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Growsari
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Growsari
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Growsari Comparisons
Competitors of Growsari
Growsari operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BigCommerce, Unicommerce, Anchanto, iVend Retail and everstox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Cloud-based retail management software is provided for offline stores.
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| domain | founded_year | HQ Location |
Cloud-enabled asset-light fulfillment services are provided for e-commerce and retail.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Growsari
Frequently Asked Questions about Growsari
When was Growsari founded?
Growsari was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Growsari located?
Growsari is headquartered in Pasig, Philippines. It is registered at Pasig, National Capital Region, Philippines.
Who is the current CEO of Growsari?
ER Rollan is the current CEO of Growsari. They have also founded this company.
Is Growsari a funded company?
Growsari is a funded company, having raised a total of $82.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $45M, raised on Jun 01, 2018.
What does Growsari do?
Growsari was founded in 2016 and is headquartered in Pasig, Philippines. An online B2B marketplace is provided to connect stores with suppliers for grocery items, including rice, fruits, vegetables, flour, sugar, and beverages. Products can be added by store owners through the platform. Mobile applications are available for Android and iOS devices to support these operations in the retail sector.
Who are the top competitors of Growsari?
Growsari's top competitors include BigCommerce, Anchanto and FlixStock.
What products or services does Growsari offer?
Growsari offers Growsari App, Growcoins, and Buy Now Pay Later.
Who are Growsari's investors?
Growsari has 11 investors. Key investors include Tencent, KKR, International Finance Corporation, Wavemaker Partners, and JG Summit Holdings.
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