Grace Ashiru
The Fashion Kingdom (TFK), an Egyptian e-commerce platform for the fashion industry, has raised USD 2.6M venture capital, with CVentures and A15 serving as the primary investors.
In addition, existing investors and seasoned professionals in the fashion industry, Nasser Chourbagi and Paul Antaki participated in the round.
The Fashion Kingdom is an e-commerce fashion platform that was established in 2020. It is dedicated to providing customers with the most reputable ethical brands, the best possible prices, and unforgettable experiences.
Fadi Antaki, the founder and Chief Executive Officer of TFK, says, “The participation of both new and old investors is a gratifying accomplishment for the whole team.”
TFK is a carefully chosen marketplace that badly needs the rapidly growing fashion e-commerce industry. Our potential in this market is immense, and the reasons supporting that potential are quite strong. Over the previous year, our workforce rose by over 3.3 times, and the demographics of the online customers we cater to continue to grow.
Antaki continued by saying, “Our one-of-a-kind differentiators, coupled with access to the regional expertise and depth of knowledge of our investors, places us well becoming the market leader in Egypt and beyond.”
The money will be spent on developing scalable technologies, recruiting additional team members, and accelerating The Fashion Kingdom’s growth strategy.
