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Rising stars: Nine Philippine firms land on Forbes Asia’s ‘100 to Watch’ list

Nine Philippine companies have earned a spot on Forbes Asia’s “100 to Watch” list, highlighting emerging small firms and startups across the Asia Pacific region.

Among the notable entrants are Edamama, an e-commerce platform founded in 2020 that boasts 1,500 brands and 26,700 products, having raised over $35 million in funding and launching an offline store in March. Key supporters include Alpha JWC Ventures, Foxmont Capital Partners, and more.

Kindred, established last year, offers virtual and in-person clinical consultations for women in the Philippines, supported by backers such as KSR Ventures and Pawikan Capital Group.

Kraver’s Canteen, operating as a cloud kitchen with 11 facilities since 2020, provides a diverse menu of over 1,000 meals with detailed nutritional insights and the option for users to pre-order plans. Funding of $4.5 million has been secured from backers including Foxmont Capital Partners.

Packworks, an inventory management platform founded in 2018, currently collaborates with 270,000 businesses and has raised $2.2 million from investors such as ADB Ventures and CVC Capital Partners.

Peddlr, a 2021 startup, offers a point-of-sale application for small- and medium-sized businesses, backed by prominent names including 500 Global, Crestone Venture Capital, and more.

SariSuki, also founded in 2021, operates as a social e-commerce platform for groceries, securing $30 million in funding and serving over 800,000 customers. Major supporters include Credit Saison and Openspace Ventures.

Startup Shoppable Business, founded in 2022, collaborates with suppliers like Samsung and Apple, aiming to authenticate branded products in the Philippines. Funding of $1.2 million has been secured from backers including Foxmont Capital Partners.

Manila-based Sprout Solutions offers cloud-based HR technology, recently securing $10.7 million in funding from Cercano Ventures, with support from backers like Acceleprise and GSR Ventures.

TANGGapp, a 2020-launched online P2P payments startup, has expanded its payment volume by 25 times, facilitated by backers including Bolster Ventures and Goodwater.

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