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Synopsis
A consortium of investors, including International Finance Corporation, KKR, Wavemaker Partners and Pavilion Capital led a $110m funding round in GrowSari, a tech-enabled B2B platform that helps sari-sari stores to transform themselves into comprehensive service hubs. “The pandemic has fundamentally changed how business works. Businesses that ignore digital technology put themselves at an immediate disadvantage. Our investment will enable Growsari to expand digital adoption and financial services for MSMEs, which is critical to keep them competitive, and for a resilient and inclusive recovery,” Stephanie von Friedeburg, IFC Senior Vice President.
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