Tencent, Credit Saison and JG Summit have all contributed to a $16m round for GrowSari while Greenvolt is set to acquire up to 29% of solar system installer Perfecta Energía.

Funding

Philippines-based business-to-business product marketplace GrowSari has raised an amount likely to be about $16m in series B funding from investors including internet group Tencent, payment services firm Credit Saison’s investment arm, Saison Capital, and Robinsons Retail Holdings and JG Digital Equity Ventures – both subsidiaries of conglomerate JG Summit – TechCrunch reported today. ICCP SBI Venture Partners, a joint venture between SBI and ICCP Venture Partners, also took part, as did Pavilion Capital, International Finance Corporation and Wavemaker Partners.…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.