9 Philippine Companies in Forbes Asia’s 100 to Watch List
Among the criteria considered by Forbes for its Asia’s 100 to Watch List are the company’s positive impact and strong revenue growth.
A total of 13 countries are represented across 11 categories in this year’s Forbes Asia’s 100 to Watch List. While Singaporean companies totaled the most in number at 20, nine Philippine companies have also made it to the list.
“This year’s Forbes Asia 100 to Watch list spotlights small companies and startups that are targeting underserved markets or applying new technologies, from generative AI to blood-based cancer diagnostics,” says Forbes.
In order to qualify, a company has to meet the following criteria:
- Headquartered in the Asia-Pacific region
- Privately owned
- For-profit
- Have no more than $50 million (approximately PHP 2.84 billion) in its latest annual revenue and have no more than $100 million (approximately PHP 5.68 billion) in total funding through August 7
9 Philippine Companies in Forbes Asia’s 100 to Watch List
The decision process is as follows: “Our team evaluated each submission, looking at metrics such as a positive impact on the region or industry, a track record of strong revenue growth or ability to attract funding, promising business models or markets, and a persuasive story,” Forbes explains.
With that, here are the Philippine companies that have made it to the list—arranged in alphabetical order.
Edamama
First on the list is Edamama—a company founded in 2020 and helmed by CEO Bela Gupta D’Souza. This e-commerce and retail platform targets parents and offers baby products and home goods, among others.
Its website and app are home to 1,500 brands and 26,700 products, according to Forbes.
Kindred
Next on the list is Kindred, which qualified under the Biotechnology and Healthcare category. Founded just last year, this women’s health startup’s CEO is Jessica de Mesa-Lim.
According to Forbes, the company “provides virtual and in-person clinical consultations to women in the Philippines.” Appointments can be set via Kindred’s website or app for services that include gynecology, psychological health, and fertility care, among others.
Kraver’s Canteen
Established in 2020 and by Co-Founder and CEO, Victor Seunglee Lim, Kraver’s Canteen represents the Philippines in the Food and Hospitality category. This cloud kitchen has over 1,000 meal options and 11 facilities in the country, according to Forbes.
Users can even order meal plans for up to 12 weeks in advance.
Packworks
Another Philippine company that was included in the E-commerce and Retail category of the Forbes list is Packworks. Founded in 2018, its CEO is Bing Tan.
Forbes describes the Manila-based company as an inventory management platform that “helps owners of small convenience stores—known as sari-sari stores—collect sales data, record prices, and more. Packworks is said to work with more than 270,000 businesses in the country.
Peddlr
Helmed by CEO Nel Laygo, Peddlr appears on Forbes Asia’s 100 to Watch List under the Enterprise Technology category. Founded in 2021, Peddlr is a point-of-sale application catering to micro, small, and medium businesses.
With the goal of helping businesses manage sales and expenses, people can use Peddlr’s website or app to track inventory and even create an online storefront.
Sarisuki
Another company founded in 2021 that made it to the list is Sarisuki. Helmed by CEO Brian Cu, Sarisuki falls under the Agriculture category of the Forbes list.
Considered a social e-commerce startup, the two-year-old company “sells groceries through its website and app, aiming to transform the Philippines’ retail landscape,” according to Forbes.
Shoppable Business
Shoppable Business, a company founded in 2022, is the third Philippine company included in the E-commerce and Retail category. Its CEO is Carlo Silva.
According to Forbes, “The startup works with over 1,400 suppliers—spanning brands like Samsung, Adidas and Apple—and over 300 buyer companies.”
Sprout Solutions
The oldest company on the list, Sprout Solutions was founded in 2015. Led by its CEO, Patrick Gentry, Sprout Solutions falls under the Enterprise Technology category.
Sprout Solutions is a software as a service (SaaS) startup known for providing cloud-based human resource (HR) technology in the country. Through its website and app, Sprout Solutions supports payroll automation as well as data-driven analytics for businesses.
TANGGapp
Last but certainly not least is TANGGapp, which qualified under the Finance category of the Forbes list. Founded in 2020, its CEO is Rebecca Kersch.
This peer-to-peer (P2P) payments startup allows users of TANGGapp in the United States and the Philippines to make and receive international remittances.
