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African Startup Funding Tracker

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Kenyan Fashion E-Commerce ShopZetu Raises USD 1 M Pre-Seed Funding
Kenyan Fashion E-Commerce ShopZetu Raises USD 1 M Pre-Seed Funding

Kenyan fashion e-commerce startup ShopZetu has raised a USD 1 M pre-seed funding round to add beauty and home décor categories to its portfolio. The pre-seed round was led by Chui Ventures, with participation from Launch Africa, Roselake Ventures, and Logos Ventures. Angel investors that took part in the round include Kendall Tang, the CEO of RT Knits; Ben Munoz, the co-founder and CEO of Nadine West; Sumit Bhasin of Estee Lauder Inc; Patricia Ithau, the CEO of WPP Scangroup, and Peter Njonjo.

ShopZetu is a fashion technology company that seeks to power online fashion retail in Africa. The startup also offer vendors a variety of services such as content, digital marketing, warehousing, last mile delivery and returns management. Vendor onboarding is free, however, they pay a commission for sales generated on the platform, and for other additional services including delivery.