Original disclosure @ IFC website
Updated in EWS Apr 4, 2022
Disclosed by Bank Dec 31, 2021
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According to the bank's website, "Growsari Inc. (“Growsari” or “the company”) is a business to business (B2B) eSupply chain company that provides small retailers (known as “sari-sari stores”) in the Philippines with inventory, infrastructure, and tools to manage and grow their business. The proposed IFC investment (the “project”) is an equity investment for up to US$10 million. Growsari was established in 2016, and is a leading digital retail distribution platform connecting Fast-Moving Consumer Goods (FMCG) brands/wholesalers with small stores in the Philippines. Stores use the company’s online ordering platform and then Growsari’s pick-and-pack staff will pack the ordered items from its 15 fulfillment centers. Ordered items are then delivered to the small stores through outsourced trucks, accompanied by Growsari’s own staff to collect cash payment along the journey."
Investor Relations Manager, Growsari
2nd Floor, Robinsons Zeta Tower, C-5, Quezon City, Metro Manila, Philippines
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