This week it was announced that Dabchy, the startup co-founded by 2018 fellow Ameni Mansouri, was one of seven businesses named a winner of the MEA Seed Challenge. The inaugural challenge, launched in June by Orange Ventures, has a mission to finance 100 high-growth potential startups by 2025. Orange Ventures will invest nearly $800,000 amongst the seven winners.
Dabchy, Tunisia’s first web-based fashion marketplace, was selected among 500 businesses who entered the competition. Their online platform allows its 250,000 users to buy and sell secondhand clothing, accessories and beauty products in three countries. Ameni, Dabchy’s CEO, looks forward to the business expanding with Orange Ventures’ collaboration. “We are very excited about this new investment because getting the confidence of a world leader like Orange in our start-up, which has been evolving since its launch in 2016, can only strengthen our positioning even further. We are really excited about this new collaboration that will enable us to apply our vision and have foolproof support for our expansion into Africa and throughout the MENA region,” she said.