The pre-Series A funding round for Dabchy, an online marketplace for used clothing, was led by Janngo Capital and included angel investors Karim Beguir, the founder of InstaDeep.
The investment will be used by the startup to increase its product offerings, enter new markets, and improve its platform for an increasing number of users.
Dabchy, which was founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, makes used clothing more accessible by bringing buyers and sellers together with a unified delivery and payment system.
Janngo Capital’s founder and executive chair, Fatoumata Bâ, emphasized the significance of this investment in bolstering Dabchy’s standing in Tunisia’s circular economy and propelling its expansion into Egypt and others.
The money will help the company’s expansion, enhance user experience, and broaden its reach throughout North Africa and the Middle East, according to CEO and co-founder Ameni Mansouri.
Dabchy is steadfast in its resolve to improve its platform, streamline the purchasing and selling procedure, and encourage a more environmentally friendly approach to clothing.
