Egypt’s TFK acquires Opio to form MENA region’s first fashion aggregator

The Fashion Kingdom (TFK), the leading curated fashion marketplace in Egypt, has acquired direct-to-consumer (D2C) fashion brand Opio to create a powerhouse fashion group. A marketplace offering access to fashion, beauty and home accessories, with 360 value proposition for brands, TFK was launched in July 2020 and raised a US$2.6 million seed round in August 2022, to accelerate its growth.

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ShopZetu raises pre-seed funding to fuel growth of its fashion marketplace beyond Kenya

June 29, 2023

Kenyan fashion e-commerce startup ShopZetu is set to add beauty and home décor categories to its portfolio, in response to the growing needs of the young and style-conscious women in Africa. This is as it currently scales regionally over the next few months while working to attract international fashion brands, and more than triple the number of vendors on its platform to 1,000.

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Plastic upcycling startup Kubik closes US$3.34M seed to scale production in Ethiopia

June 29, 2023

Kubik, an upcycling startup with operations in Kenya and Ethiopia, has closed a US$3.34 million seed funding round, with plans to double down on the production of building materials in Ethiopia before scaling to other countries within Africa. The startup turns hard-to-recycle plastic waste (polyethylene, polypropylene, and polystyrene) into affordable building materials, removing 45,000 kg of plastic waste from landfills every day.

CDPI Emerging Markets
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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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