Ivorian online fashion platform Afrikrea raises $6.2mln expansion fund
Tuesday, 11 January 2022 18:05
The Ivorian platform Afrikrea, which markets the creations of African fashion artists online, announced it has successfully raised $6.2 million from a group of foreign investors to strengthen its activity. As part of its development strategy, Afrikrea also announced it is changing its name to Anka.
“Afrikrea will officially become Anka. The name is changing but we are staying the same. We will have new challenges and a brighter vision with the same goal: to bridge the gap between Africa and the world, but on a larger scale," the company said on its LinkedIn page.
The new operation brings to $8.1 million the total amount raised to date by the startup. Chinese billionaire Jack Ma, founder of Alibaba, and the French VC focused on Africa, Investisseurs & Partenaires (I&P), backed Afrikrea’s latest fundraising.
As a reminder, the Ivorian startup secured $1 million in February 2020 to support its business and improve its working team. According to data published on its website, the platform claims transactions of more than €15 million across 170 countries and more than 2,300 new products added each week.
Chamberline Moko
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