Philippines startup Shoppable Business smooths bumps in the business procurement process
Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B e-commerce marketplace announced it has closed what it says was an oversubscribed pre-seed funding round of $1.15 million.
The round was co-led by Foxmont Capital Partners and Seedstars International Ventures, along with angel investors. Shoppable Business previously got backing from AHG Lab.
Shoppable Business was founded in 2022 by a team including Carlo Silva, who previously started and exited e-commerce business process outsourcing company 2ndOffice. The founders also include Sam Blanquera and Chris Blanquera, who co-founded and existed Openovate Labs and Galleon.ph.
Silva told TechCrunch that after working at startups and conglomerates in the Philippines since 2013, Shoppable Business’ founding team noticed that there was a huge gap in the marketplace for a efficient digital procurement process. “The…