Tunisia’s Dabchy raises over $1 million pre-Sequence A to develop its preloved style market 

Tunisia-based round style market Dabchy has raised contemporary funds in a pre-Sequence A spherical led by Janngo Capital, with participation from US-based Renew Capital and Village Capital, together with angel traders together with InstaDeep’s founder Karim Beguir, it introduced on Tuesday. It didn’t share the precise measurement of the deal however mentioned it was a seven-figure USD spherical.

Based in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy operates a second-hand style market that has grown to over 1.3 million customers throughout Tunisia and Egypt. The platform, which presently serves greater than 10% of Tunisia’s inhabitants, has just lately expanded its choices to incorporate new classes like males’s style, house items, sports activities tools, books, and video games.

The startup plans to make use of the funds to speed up its growth throughout the Center East & North Africa by 2026, with a selected give attention to the Egyptian market. The funding may also go in the direction of bettering its logistics capabilities and enhancing the general person expertise.

Ameni Mansouri, CEO and co-founder of Dabchy, mentioned, “This funding will assist us speed up our development, enhance the expertise for our customers and strengthen our presence in North Africa and the Center East. Our mission is evident: to revolutionize round e-commerce by combining sustainability and monetary efficiency.”

Fatoumata Bâ, Founder and Government Chair of Janngo Capital, commenting on the funding, mentioned, “The attire sector represents roughly 20% of Tunisia’s GDP, and 80% of the roles created profit ladies. Dabchy is a real pioneer in driving the sustainable transformation of the attire business, enabling development whereas enhancing financial, social, and environmental impression.”

The corporate, which takes inspiration from platforms like Vinted, is positioning itself to capitalize on Africa’s vital second-hand market, the place 80% of clothes and footwear purchases come from second-hand sources.

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