With a vision of regional expansion, Dabchy, a Tunisian second-hand fashion platform, has successfully raised pre-Series A funding. The funding will solidify brand’s marketplace and presence across North Africa and the Middle East, while leading an expansion path into Egypt.
Led by Janngo Capital, Africa’s biggest Tech Investment Fund with a gender driver focus, the funding round raised a seven-figure amount. Among the investors were several prominent business angels, notably Karim Beguir, co-founder of InstaDeep, a flagship startup in Tunisia’s tech ecosystem.
The investment is bound to play a crucial role in expanding the company’s product range with fresh product categories and enhance user experience. The platform now includes Dabchy Men, catering to men’s fashion to widen the spectrum of audience, alongside new sections for Home, Sports, Books and Games.
The Tunisian fashion industry fuels 20% of GDP, employing a predominantly female workforce, with women occupying 80% of roles. Dabchy, a trusted intermediary between buyers and sellers, aims to be the upcoming e-commerce platform for sustainable shopping, offering consumer’s an easy way to embrace responsible fashion.
“Dabchy is a true pioneer in the sustainable transformation of the clothing sector, accelerating its growth while improving economic, social, and environmental impact,” said Fatoumata Bâ, Founder and Executive Chairwoman of Janngo Capital. “We are proud to lead this round of funding to help Dabchy strengthen its position as a leader in Tunisia’s circular economy and expand into Egypt and beyond.”
“This funding will help us accelerate our growth, enhance user experience, and solidify our presence in North Africa and the Middle East. Our mission is clear: to revolutionize circular e-commerce by integrating sustainability with strong financial performance,” said Ameni Mansouri, CEO and co-founder of Dabchy.
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