Designer glasses seller Eyewa raises $7.5 mln for its expansion in the MENA
Tuesday, 16 April 2019 15:52
Eyewa, a Dubai-based designer glasses online seller, raised $7.5 million during a funding round led by Wamda Capital.
During the round, Wamda Capital, which invests in tech firms operating in the MENA region, collaborated with six investors.
Eyewa will use the funds to increase its team and infrastructures as well as its expansion out of the UAE and Saudi Arabia.
The platform plans to enter the MENA region and to date, it has received a total of $8.6 million from investors.
Let’s note that in Morocco, the designer glasses market is estimated at MAD2 billion, according to a 2018 figure published by the Moroccan association of eyewear suppliers (association marocaine des fournisseurs d’optique).
Chamberline MOKO
Live News
-
Nigeria: Abuja Utility in Talks to Secure Power From NNPC’s 350-MW Plant
10:28
-
BGFI IPO Draws Investors From 24 Countries in First Multinational Listing on CEMAC Exchange
10:12
-
Burundi, Lumitel Sign $10 Million Rural Broadband Agreement
09:58
-
Stanbic, Standard Bank Lead $205 Million Loan for Ghana’s Engineers & Planners
09:55
-
Import Substitution: Local Initiative Urges Artisan Bakeries to Prioritise Homegrown Flour, Slash Wheat Import Bill
08:43
-
Cameroon Approves Kribi Canoe Project Under Import-Substitution Plan
08:11
-
Kribi KPIZ Seen Lifting Cameroon’s Growth by 5-8 Points, Adding 150,000 Jobs
08:08
-
Finance Ministry Launches Budget Training Centre to Strengthen Fiscal Governance
07:23
-
Guinean Start-Up Fifoow Targets Informal Trade With Digital Marketplace
18:08
-
Ghana Finalizes AI Roadmap With Focus on Data and Skills
17:56
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
AEDC in talks to buy power from 350-MW NNPC plant Deal aims to boost electricity supply in Abuja area National output falls to 4,300 MW amid gas...
Lumitel signs $10 million deal to expand rural broadband World Bank, Lumitel fund 2G, 4G rollout in 86 hills Project targets 400,000...
Olam Agri secures $100 million loan from FMO Funds to support Asian rice exports to Africa African rice imports up 29% over...
Nigeria to split OPL 245 into four blocks Move ends decades-long legal disputes over oilfield Development to proceed on 9 billion-barrel...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...