Jendaya Raises Funding To Scale Its Africa-Focused Luxury E-Commerce Platform
PRIVATEFeb 10, 2023
Round Type
Funding Round
E CommerceMarketplaceFashionRetail
Investors
Asa AsikaBizzle OsikoyaActress Maisie WilliamsAda VcSabi Ceo Anu Adedoyin Adasolum
Description
Fashion items are among the most — if not the most — sought after on many e-commerce platforms. In Africa, for instance, fashion has held the top spot in Jumia for the largest category of items sold over the years. This means there’s no shortage of demand for fashion items across the continent, and the supply is picking up steam even in the high-end categories.
Quick answer
Jendaya raised an undisclosed amount in a Funding Round round, dated February 10, 2023. Investors: Asa Asika, Bizzle Osikoya, Actress Maisie Williams, Ada Vc and Sabi Ceo Anu Adedoyin Adasolum.
How much did Jendaya raise?
Jendaya raised an undisclosed amount in a Funding Round round on February 10, 2023.
Who invested in Jendaya?
Asa Asika, Bizzle Osikoya, Actress Maisie Williams, Ada Vc and Sabi Ceo Anu Adedoyin Adasolum are named as investors in this round.
What does Jendaya do?
Diverse designers. Curated by culture.
Source: Fundz verified event record.
Who else raised in E Commerce and Marketplace around the same time
Companies in the same sectors as Jendaya that raised within 45 days of this round, from Fundz verified event records.
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Company Information
Company
Jendaya
About
Diverse designers. Curated by culture. Shipped globally.
JENDAYA meaning 'thankful' in the Zimbabwean dialect of Shona, is a luxury, people-powered e-commerce platform. We sell luxury fashion online from across the globe and ship it globally. Being the first platform to prioritise the African shopper and thus open up new markets for luxury designers.
JENDAYA aims to become the leading purveyor of luxury goods in Africa - providing a lucrative route for international luxury companies into Africa and the operational savvy and network to transform and empower African luxury brands into successful online businesses, setting a new standard of diverse luxury.
JENDAYA uses the authentic power of community and culture to serve the rising interest in luxury fashion of consumers across generations with a format more akin to a shoppable fashion editorial digital magazine, than the transactional online stores that currently dominate in the market. We make sure to leverage our global network of tastemakers, we are your plug for luxury fashion.
This is not a lift and shift of the existing global luxury ecommerce playbook. JENDAYA brings a first-hand understanding of the nuanced nature of luxury as well as what it takes to successfully run online marketplace operations in Africa to create an unrivalled online luxury experience.
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Fundz sees it the moment Jendaya raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
