Latest news with #Dabchy
African Manager
19-02-2025
- Business
- African Manager
Tunisian startup secures major funding for second-hand fashion
A Tunisian startup specializing in second-hand fashion and goods in North Africa and the Middle East (MENA) has announced the successful closing of a seven-figure pre-Series A funding round. This round was led by Janngo Capital, the largest gender-focused African tech venture capital fund, recently backed by the Tunisian Fund of Funds ANAVA, alongside strategic investors such as U.S.-based funds Renew Capital and Village Capital. Several committed business angels also participated, including Karim Beguir, co-founder of InstaDeep, one of Tunisia's most iconic startups. In Tunisia, the clothing sector contributes approximately 20% of GDP, with 80% of jobs in the industry held by women. '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 significantly enhance its offerings. The company has expanded its catalog by launching highly anticipated new categories, such as Dabchy Men, a dedicated section for men, as well as Home, Sports, Books, and Games. '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. The startup's rapid growth in Tunisia confirms strong market demand and its ability to effectively scale its marketing, logistics, and technological operations. Its circular economy-based model appeals to both traditional investors and those focused on impact. With this funding round, Dabchy reaffirms its ambition to become the reference for circular e-commerce in the region, inspired by successful models such as Vinted, by offering a responsible and accessible alternative to consumers looking to reduce their environmental impact. Co-founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy is a marketplace dedicated to buying and selling second-hand fashion, home goods, sports items, games, books, and more. It acts as a trusted intermediary between buyers and sellers, offering a simplified buying and selling experience through an integrated delivery and payment system.
Wamda
18-02-2025
- Business
- Wamda
Tunisia's Dabchy secures pre-Series A to bolster expansion plans
Tunisia-based P2P fashion marketplace Dabchy has raised a pre-Series A funding round led by Janngo Capital and angel investors for an undisclosed value. Founded in 2016 by Ameni Mansouri, Ghazi Ketata and Oussama Mahjoub, Dabchy is an e-commerce marketplace for second-hand fashion. The startup plans to use the investment to expand into new markets, including Egypt, broaden its product offerings, and enhance its platform for a growing user base. Dabchy, an e-commerce marketplace for second-hand fashion, has secured a pre-Series A funding round led by Janngo Capital and angel investors, including Karim Beguir, founder of InstaDeep. The startup plans to use the investment to expand into new markets, broaden its product offerings, and enhance its platform for a growing user base. Founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy connects buyers and sellers through an integrated delivery and payment system, making second-hand fashion more accessible. Fatoumata Bâ, founder and executive chair of Janngo Capital, emphasised the importance of this investment in strengthening Dabchy's position in Tunisia's circular economy while accelerating its growth into Egypt and beyond. CEO and co-founder Ameni Mansouri highlighted that the funding will support the company's growth efforts, improve user experience, and extend its reach across North Africa and the Middle East.
