PE firm Navegar invests $12m in PH e-commerce enabler Great Deals

(L-R) Great Deals CEO Steve Sy and Navegar Managing Partner Javier Infante. Photo from Great Deals.

Philippines-focused private equity firm Navegar has invested $12 million in Great Deals E-commerce Corp, a local e-commerce enabler founded by Alibaba eFounders fellow Steve Sy.

In an announcement, Great Deals said it will use the proceeds of the fund on capital investments to further enhance the company’s IT, infrastructure, warehouse capabilities, and technology solutions.

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