Say hi to GrowSari, the Tencent-backed Philippine B2B startup that helps small neighborhood mom-and-pop shops grow and go online. It just raised $45M from KKR, who will be leading its ongoing Series C. (We also hear World Bank's IFC may put in $10M.)

• The stores it helps are usually "sari-sari stores" that sell daily necessities or roadside shops and pharmacies.
• Sari-sari stores sell 60% of FMCG products sold in the country.
• It serves 100,000 MSMEs and 220 municipalities.

💥  Supercharge your store

Wholesale marketplace. Order your inventory at low wholesale prices through its marketplace with over 800 products, and get it delivered to you fast.

Serve the neighborhood. Through its partnerships with over 200 telecoms, fintechs and other providers, you can offer more services.

• Let your customers pay bills, buy subscription plans for cable TV and games, get prepaid mobile load and more.

E-commerce ordering hub. Its app allows sari-sari stores to be each community's ordering hub. Take the community's orders and get rebates too.

• Order from Lazada or Shopee on the GrowSari app.

And more. It also helps storeowners easily launch e-commerce stores and get short-term loans to buy inventory.

🌏  Going nationwide!

GrowSari's looking to grow its fintech side by adding remittance, insurance and loans. Plus, it's expanding past Luzon and into the rest of the Philippines, hoping to cover the 1.1M sari-sari stores in the country.