Dabchy, a circular fashion marketplace based in Tunisia, has successfully secured funding in a pre-Series A round, led by Janngo Capital and supported by US-based Renew Capital and Village Capital. The investment also saw participation from angel investors, including Karim Beguir, the founder of InstaDeep. While the exact amount of the funding has not been disclosed, it is confirmed to be a seven-figure USD round.
Founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy has developed a second-hand fashion marketplace that now boasts over 1.3 million users across Tunisia and Egypt, representing more than 10% of Tunisia’s population. The platform has recently diversified its offerings to include categories such as men’s fashion, home goods, sports equipment, books, and games.
The funds raised will be utilized to accelerate Dabchy’s expansion throughout the Middle East and North Africa (MENA) by 2026, with a particular emphasis on the Egyptian market. Additionally, the investment will enhance logistics capabilities and improve overall user experience.
Ameni Mansouri, CEO and co-founder of Dabchy, stated that this funding will facilitate growth and strengthen their presence in North Africa and the Middle East. She emphasized their mission to transform circular e-commerce by integrating sustainability with financial success.
Fatoumata Bâ, Founder and Executive Chair of Janngo Capital, highlighted the significance of this investment in the context of Tunisia’s apparel sector, which accounts for approximately 20% of the country’s GDP and predominantly benefits women through job creation. Bâ noted that Dabchy is at the forefront of driving sustainable changes within the apparel industry while fostering economic and social impacts.
Dabchy draws inspiration from platforms like Vinted and is strategically positioned to tap into Africa’s burgeoning second-hand market, where around 80% of clothing purchases are made from pre-owned sources. With this new funding, Dabchy aims to solidify its leadership role in circular fashion while promoting both economic growth and environmental sustainability across the region.
