Taffi, a Saudi-based AI-empowered fashion marketplace, announced its latest funding round of $2 million seed funding.
The round was led by Impact46 & Al-Rashed Group (ARG). In addition, the round also included prominent angel investors from WomenSpark, Sultan Al-Hokair, Eyad Mashaat, Abhishek Sharma, and Jamil Ahmad.
This latest funding round allows Taffi to continue its mission to bring global fashion styles to consumers in the most intimate and personalized manner.
Taffi will deploy the latest funding into the growth of the technology platform, continued nurturing and scale of the stylist community, and build on the excellence of their customer experience and continued customer growth.
Company: Taffi Inc.
Round: Seed Round
Funding Month: February 2022
Lead Investors: Impact46 & Al-Rashed Group (ARG)
Additional Investors: Sultan Al-Hokair, Eyad Mashaat, Abhishek Sharma, and Jamil Ahmad
Company Website: https://www.taffi.co/
Software Category: AI-empowered fashion marketplace
About the Company: Founded in August 2020, Taffi is an on-demand personalized clothing marketplace that offers shoppers an online shopping experience that includes the selection of clothes, styling, checkout, and delivery. Besides, its artificial intelligence (AI)-powered feature connects the customers with a personal stylist and recommends styles. Taffi, an AI-empowered fashion marketplace, Taffi’s platform enables fashion stylists to manage their clients online in a hyper-efficient manner with the tools and built-in scale to serve many clients. The platform allows clients to acquire new customers easily, showcase their online portfolio to new audiences, and broaden their global reach. Taffi provides brands and clothing providers with deeper connections and a better understanding of their customers in ways that current e-commerce or local retailers could not offer today. Taffi is creating opportunities for over 28 million women in the Middle East. They are homemakers, fashion enthusiasts, and interested in styling as a source of income from the comfort of their homes. Taffi, which currently operates in Saudi Arabia, has plans to expand to other GCC states and later to the larger Middle East, North Africa (MENA) region, as well as Europe. Last year, the company posted sales revenues of $80,000, with an average monthly growth of 60%
Source: https://waya.media/taffi-raises-2m-seed-funding/ https://www.forbesmiddleeast.com/innovation/startups/saudi-online-fashion-startup-taffi-secured-more-than-%242m-seed-funding