Tunisian Fashion Startup Dabchy Raises $300,000 seed For Its Peer-to-Peer Fashion Marketplace Expansion to Egypt

Tunisian startup Dabchy, a peer-to-peer (P2P) fashion marketplace has raised $300,000 in a seed round to further lead major expansion effort to Egypt and to build more on its team.

Here Is The Deal 

  • The investment was led by 500 Startups and joined by Flat6Labs, Saudi Venture Capital Company (SVC), Khobar-based Vision Ventures and Daal, and a group of angel investors.
  • Amani Mansouri, the co-founder and CEO of Dabchy said that they plan to use a part of these funds to expand to Egypt by the end of this year. 
  • The startup also plans to use the investment to accelerate its product development and expand its team.

“At Dabchy, we operate as a trusted third between buyers and sellers and have facilitated more than 100,000 transactions to-date. Our ambition is to become the number one fashion marketplace in the region and to empower a new generation of women to become microentrepreneurs by creating their own businesses online,” Amani Mansouri said in a statement. 

  • Dabchy was part of Flat6Labs Tunis’ first cohortand is currently taking part in the second class of Womentum, an accelerator program for female founders by Dubai-based Womena. 
  • According to the statement, it was also the first Tunisian and African startup to have joined European Fashion Tech Incubator last year.

Why The Investors Invested 

Hasan Haider, a partner with 500 Startups, commenting on the occasion, said:

 “We’re pleased to back the team behind Dabchy and make this our first investment into the Tunisian market. What the team have managed to achieve so far has been amazing, and we look forward to Dabchy continuing to lead the way for used fashion online in North Africa. There is a significant market need and demand for the product, and that has already been demonstrated by their traction so far.”

The investment is also the first for both Vision Ventures and Daal in a Tunisian startup.
Kais Al-Essa, Founding Partner and CEO of Vision Venture, said:

 “We’ve been eyeing the North African market beyond Egypt [for some time]. It is starting to boom and the population is young and tech-savvy. Dabchy has been able to prove that their product and business model is needed in the market with a limited investment. We expect that, under the leadership of talented Amani Mansouri, it will further dominate the market very soon.”

Read also: Tunisian Startups Can Now Benefit From World Bank $75m Fund For Startups 

What Dabchy Does 

Founded by Amani Mansouri, Ghazi Ketata and Oussama Mahjoub, Dabchy that had initially started as a Facebook Group now has a community of over 400,000 users in Tunisia, Morocco, and Algeria, who use its web and mobile-based platform to buy and sell new (unused lying in one’s wardrobe), self-made, pre-owned (used) clothes and accessories for women and kids. Dabchy’s Android app has been downloaded over 100,000 times.

In Tunisia where most of the Dabchy’s business comes from, it takes care of the entire buying and selling process including shipping and payments.
The startup claims to have doubled the catalog of items listed on its platform to 420,000 which (it says) makes it one of the largest online stores in Tunisia. The users, according to a statement by Dabchy, are adding more than 2,000 new items every day.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world

African Hero Celebrating Thebe Magugu

Thebe Magugu came to international limelight when he became the first African to win the LVMH prize worth €300,000. The Fashion Talent Prize which came with a cash reward of €300,000 includes a year of “technical and financial support” from the luxury giant. Thebe dusted 1,700 applicants from 100 countries who applied for the LVMH prize to win the coveted Prize. Until now, many outside South Africa have not heard about Thebe Magugu’s exploits but he has had a deep impact on South Africa’s fashion industry because he has shown extensively that he has a drive to create original couture. Prior to winning the LVMH award in Paris, France, Magugu had won an award for curation and fashion content at the International Fashion Showcase, supported by the British Fashion Council.

Thebe
There Magugu 

Born and raised in Kimberley, South Africa, Thebe said that he was inspired by the women who played important roles in his life. And he has contributed his views on modern fashion and the South African youth culture. His work has been described by fashion critics as being unified by themes of juxtaposition. Thebe who studied Fashion & Apparel Design at Lisof Fashion School in Johannesburg says that he is interested in exploring the disparity between masculinity and femininity, tradition and experiment, overlarge and abridged and other differences in the design of his garments.

His newest collections which debuted at the South Africa Fashion Week was dubbed “Geology SS17” took place four months ago, and was inspired by a rejection of the anxieties that are coupled with urban life and a return to the open fields of remote South African landscapes instead. Critics have described his works as deep and expressional in that it tends to capture the South African society. He was quoted as saying that it is an awareness of the socio-political climate of South Africa that moved him to imagine a contemporary woman who chooses to escape its pressures for a simpler life in the wild. She breaks away from the buzz of city living to recenter and reinvigorate herself.

Expressing his desire to positively project his country’s creative abilities to the world, he noted that it is important that he use his work to show the world that from South Africa you can get the entire cycle of production. He pointed out that there are challenges that should not be denied especially in terms of infrastructure and system but the promise is there. “There’s so much talent in the country” he quipped.

Describing some of the topical issues that influence his works, he said “we are in a state of socio-political flux. Among all the beauty in this country, there are some very stressful and damaging events coming into light almost every day,” adding that he started to imagine a woman taking to the great outdoors, to escape the burdens and noise of urban living. She takes time to recover by hiking, fishing, camping and, by pure virtue of those three acts, thinking, breathing and regrouping.

While Magugu’s designs are not entirely derivative of outdoor camping gear, they bear signs of it reimagined in a stylish way. His show features details such as mountain climbing rope repurposed as a fastened collar, perforated fabrics for breathability, a deconstruction of cargo pants with many pockets and vibrant Koi fish patterns as a nod to fishing. The collection reflects the rich colours of the Gauteng province with warm shades of red, brown and orange foremost. He said his work often reflects his country’s many dualities, both very beautiful and violent. Like many challenges facing the continent, Magugu is facing distribution problems. The LVMH prize started in 2014, with its first three winners being designers who were based in London. LVMH is a French multinational luxury goods conglomerate.

Speaking on his country, he said that he loves South Africa so much and that his overarching mission is to create a global fashion brand that can hang anywhere in the world but based in South Africa, thus putting paid to concerns that he might follow the footsteps of some other celebrated fashion icons from the continent who after making big names, left the continent to Europe and North America to ply their trade. He however complained that government should do something concerning the challenges entrepreneurs face in the continent such as excess red tape and flaws across various systems, “as if everything is working hard at discouraging entrepreneurship in creative industries. I start to see more and more why we are losing our talents to Europe at such an alarming rate”, he said. It is like I want to be here to join my fellow peers in developing our industry – but at what cost? I posed this question to my personal Instagram and a concerning amount of people we all know in love in South African culture also said they are gearing up to leave. What can be done about this, he asked?

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.