Filipino B2B e-commerce startup Shoppable Business attracts US$1.15M funding

Filipino B2B e-commerce marketplace Shoppable Business has secured US$1.15 million in an oversubscribed pre-seed funding round, co-led by Foxmont Capital Partners and Seedstars International Ventures.

An unnamed global network of angel investors also participated.

The startup will use the funds to grow its business development team, develop more products and features, and expand into new regional markets.

Founded in 2022 by Carlo Silva, Sam Blanquera, and Chris Blanquera, Shoppable Business aims to digitise procurement and wholesale distribution for businesses in the Philippines, where procuring authentic branded products online and offline is hard.

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Shoppable Business offers thousands of products from trusted brands, such as computer equipment, furniture, appliances, construction supplies, made-to-order goods, and food.

In addition to product discovery, the platform also provides services such as marketing, sales support, procurement outsourcing, logistics, financing, and payment infrastructure.

Shoppable Business is a marketplace partner of GS1 Philippines, the global standard for barcodes and product identification in 116 countries, with two million member companies. It also issues official BIR-certified sales invoices and receipts, which companies need to claim the full purchase in the Philippines.

“Our cost-effective e-commerce procurement technology, access to 100 per cent authentic branded products and services at wholesale prices with no MOQ, empower entrepreneurs so they can focus on growing their business,” said Silva.

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