Dabchy, an innovative e-commerce marketplace specializing in second-hand fashion, has successfully closed a pre-Series A funding round led by Janngo Capital, alongside contributions from angel investors, including Karim Beguir, founder of InstaDeep. This funding will enable Dabchy to expand its geographical reach, diversify its offerings, and further develop its platform dedicated to second-hand fashion.
Details of the Funding Round
The pre-Series A funding round marks a significant milestone for Dabchy, which aims to strengthen its position within the circular economy in Tunisia and accelerate its expansion into Egypt and beyond. While the specific funding amount has not been disclosed, the involvement of Janngo Capital and prominent business angels underscores the confidence investors have in Dabchy's potential.
Fatoumata Bâ, Founder and Executive Chair of Janngo Capital, expressed enthusiasm about the investment, stating, "That's why we are particularly proud to participate in this funding round, enabling Dabchy to strengthen its leadership position in the circular economy in Tunisia and accelerate its expansion into Egypt—and soon beyond."
Utilizing the Funds for Growth
With the newly acquired funding, Dabchy plans to enhance its platform by geographically expanding its operations, diversifying its product offerings, and continuously adapting to the needs of its user base.
Ameni Mansouri, CEO and co-founder of Dabchy, commented on the funding's impact: "This funding will accelerate our growth, enhance our user experience, and enable us to expand our reach across North Africa and the Middle East. Our commitment remains clear to revolutionize circular e-commerce by merging sustainability with strong financial performance."
About Dabchy
Founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy aims to connect buyers and sellers in the second-hand fashion market through a streamlined platform that integrates delivery and payment systems. The startup's mission is to provide a simplified buying and selling experience, making it easier for users to engage in sustainable fashion practices.
As the demand for second-hand goods continues to rise, Dabchy is poised to capitalize on this trend, positioning itself as a leader in the circular economy and contributing to the sustainable fashion movement in the region.
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