The resale fashion app Bazaara which enables users to buy and sell pre-loved fashion items and accessories directly from other users, has raised $230,000 of funding in its pre-seed round led by Flat6Labs UAE along with several angel investors.
Bazaara aims to create a sustainable and community-driven platform that allows users to earn money by recycling items from their wardrobe. Launched in 2021 Bazaara now has 20,000 users and has accumulated over 25,000 listings with a combined value of more than $1.5M. The app has recorded an average month-on-month growth rate of 70 per cent.
“This new round of funding is an exciting milestone for Bazaara as we build on our early success and expand our platform’s reach across the GCC. With a full launch in KSA planned for 2023, we aim to provide an even more seamless and sustainable way for our user base to shop. The investment is a testament to the organic growth we have achieved so far and the potential for further expansion,” said Alyssa Mariano, CEO and Co-Founder of Bazaara.
