Bazaara, a peer-to-peer resale fashion app that enables users to buy and sell pre-loved fashion items, has successfully raised $230,000 in its pre-seed funding round led by Flat6Labs UAE, with participation from angel investors. Bazaara aims to revolutionize the fashion industry by creating a sustainable and community-driven platform that allows users to earn money from recycling their wardrobe items.
The app has gained popularity in the UAE, boasting approximately 20,000 users and over 25,000 listings worth more than $1.5 million. The company plans to expand its platform across the GCC, with a full launch in KSA scheduled for 2023.
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“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”, said Alyssa Mariano, CEO and co-founder of Bazaara. “We aim to provide an even more seamless and sustainable way for our user base to thrift shop. The investment is a testament to the organic growth we have achieved so far and the potential for further expansion”.
Bazaara’s appeal spans across different audiences who are passionate about thrifting for its sustainability, affordability and creative expression, leading to an average month-on-month growth rate of 70%. The company has simplified users’ buying and selling process, with a courier automatically dispatched to collect and deliver sold items and earnings deposited directly into the seller’s account.
