The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Nairobi-based start-up will use the pre-seed funding to trial regional delivery services across the wider East Africa region in markets like Tanzania, Uganda and Rwanda.
The funding round was led by Chui Ventures, with participation from Roselake Ventures, Launch Africa, Logos Ventures and others, according to a TechCrunch report.
The e-commerce marketplace, which sells mainly fashion products from local and regional manufacturers and distributors, aims to treble the number of vendors on its platform to 1,000 by adding more international fashion labels and new brands in the beauty and home categories. Many of the current vendors were previously only sold offline or through more informal social media channels.
Marvin Kiragu, ShopZetu CEO, told the media outlet that the company aims to become a lifestyle platform. “We want to become a one-stop shop,” he said. ShopZetu was founded by Kiragu and Wandia Gichuru, an entrepreneur who also co-founded the Kenyan fashion brand Vivo.
ADVERTISEMENT
Learn more:
Afrikrea Looks to Push African E-Commerce Global
E-commerce platform Afrikrea, which specialises in “all things made of Africa”, has announced the launch of Anka, an on-demand software solution that will provide e-commerce, payments and global shipping services for thousands of micro-retailers.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstance kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.