Start-up success: The Philippines emerges
The Philippines used to be the target of jokes about valuation discounts, but now the market is having the last laugh as investors fight for a piece of its potential.
A version of this article was first published on FinanceAsia.
Six years ago, when Raymund “ER” Rollan and his founding team started GrowSari, many investors and start-up peers alike would joke about the “Philippines discount”. Despite this antiquated misperception combined with a start-up ecosystem that was not well-established and a host of other challenges, the team resolutely persisted and founded their company in Manila in 2016.
GrowSari is a B2B technology platform that dig…
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