Drest, an e-commerce platform founded in Tunisia, has raised US$336,000 to support its entry into the African market.
216 Capital Ventures was the investor in this round of funding.
With the inauguration of its first store in Algeria, the business hopes to continue its international expansion.
Drest is a company that sells ready-to-wear, beauty, accessories, fashion, and lifestyle products online. It was founded in 2020 by Omane and Malek Mzabi.
“Drest is proud to announce its partnership with 216 Capital Ventures. This fundraising round will allow us to strengthen our team, our technological and logistical resources, and offer an even more optimal customer experience,” according to Omane and Malek Mzabi.
“We are delighted with this fundraising round, which will allow us to continue our development and strengthen our presence in the African market. We plan to invest in technological tools, recruit experts in each field, and invest in marketing to become the Top of Mind brand for the general public,” the company added.
With this round of funding, Drest also intends to make investments in its logistics to enhance its supply chain, lower costs, and accelerate delivery times.
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