Tunisian e-commerce startup Dabchy, specializing in second-hand fashion, has successfully secured a seven-figure pre-Series A funding round. The investment was led by Janngo Capital, Africa’s largest gender-equal tech venture capital fund, with participation from Renew Capital, Village Capital, and notable angel investors, including Karim Beguir, co-founder of InstaDeep.
Founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy has rapidly grown its user base to over 1.3 million across Tunisia and Egypt, effectively serving more than 10% of Tunisia’s population. The platform facilitates peer-to-peer transactions of pre-owned fashion items, promoting sustainable consumption practices in the region.
The newly acquired funds are earmarked for several strategic initiatives:
-
Geographic Expansion: Dabchy plans to strengthen its presence in Egypt and extend its reach across North Africa and the Middle East by 2026.
-
Product Diversification: The company has recently broadened its catalog to include men’s fashion, home goods, sports equipment, books, and games, aiming to attract a wider audience.
-
Platform Enhancement: Investments will be made to improve logistics capabilities and enhance user experience, ensuring a seamless and efficient platform for its growing community.
Ameni Mansouri, CEO and co-founder of Dabchy, expressed enthusiasm about the investment, stating, “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.”
Fatoumata Bâ, founder and executive chair of Janngo Capital, highlighted the significance of Dabchy’s role in Tunisia’s apparel sector, which accounts for approximately 20% of the country’s GDP and predominantly employs women. She noted, “Dabchy is truly a pioneer in the sustainable transformation of the whole apparel sector, enabling it to accelerate its growth while improving its economic, social, and environmental impact.”
With this substantial investment, Dabchy is poised to solidify its leadership in the circular fashion industry, driving both economic growth and environmental sustainability across the MENA region.
Read more on Tech Gist Africa:
EasyBank, a Tunisian fintech startup, has raised $370,000 in a funding round
Wattnow, a Tunisian energy management firm, has raised multi-million dollar in a funding round
Clusterlab, a Tunisian startup, has raised $600,000 in its pre-seed funding round
