Dabchy, an innovative e-commerce marketplace specializing in second-hand fashion, has successfully completed a pre-Series A funding round. This round was spearheaded by Janngo Capital, alongside contributions from various angel investors, notably including Karim Beguir, the founder of InstaDeep.
The capital raised in this funding round is earmarked for several strategic initiatives aimed at propelling Dabchy’s growth. The startup intends to leverage this investment to penetrate new markets, diversify its product offerings, and enhance its platform to better serve its expanding user base.
Founded in 2016 by a dynamic trio—Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub—Dabchy has established itself as a vital link between buyers and sellers in the second-hand fashion sector. The platform features an integrated delivery and payment system, which significantly simplifies the process of buying and selling pre-owned fashion items, thereby making sustainable fashion more accessible to a broader audience.
Fatoumata Bâ, the founder and executive chair of Janngo Capital, underscored the significance of this investment in reinforcing Dabchy’s role within Tunisia’s circular economy. She expressed confidence that this funding will not only bolster Dabchy’s operations in Tunisia but also facilitate its expansion into the Egyptian market and other regions.
Ameni Mansouri, the CEO and co-founder of Dabchy, articulated that the newly acquired funding will be instrumental in driving the company’s growth initiatives. He emphasized that the investment will enhance the user experience on the platform and extend Dabchy’s reach throughout North Africa and the Middle East.
Dabchy remains steadfast in its commitment to improving its platform, streamlining the buying and selling processes, and promoting a more sustainable approach to fashion consumption. The company is poised to make a significant impact in the second-hand fashion industry, fostering a culture of sustainability and accessibility.
