UAE-based fashion e-commerce platform raises $10 million – UAE-based fashion e-commerce platform
The Modist, has raised $10 million in a funding round led by Vaultier7, a UK-based investment firm that focuses on the luxury sector. The UAE-based e-commerce platform is known for its high-end fashion offerings and its commitment to inclusivity and diversity in the industry.
The Modist was founded in 2017 by Ghizlan Guenez, a former investment banker, with the aim of providing a platform for women who dress modestly but still want to be fashionable. The platform has since expanded its offerings to include a wide range of high-end fashion brands, catering to customers who value quality, style, and inclusivity.
The $10 million in funding will allow The Modist to further expand its offerings and reach new customers. The company plans to use the funding to enhance its technology platform, improve its customer experience, and expand its product range.
In addition to its commitment to fashion and inclusivity, The Modist is also committed to sustainability. The platform has a dedicated section for sustainable fashion, featuring products made from eco-friendly materials and produced using ethical manufacturing practices.
The fashion industry has been growing rapidly in the UAE in recent years, with the country becoming a hub for high-end fashion and luxury brands. The Modist’s success is a reflection of the growing demand for high-quality fashion offerings in the region, as well as the company’s commitment to inclusivity and sustainability.
The Modist’s focus on modest fashion is also timely, as there has been a growing trend towards modest dressing among women worldwide. The Modist’s offerings appeal to customers who want to be stylish and fashionable while still adhering to their cultural or religious beliefs.
In conclusion, The Modist’s $10 million in funding is a reflection of the company’s commitment to high-end fashion, inclusivity, and sustainability. The company’s success is a reflection of the growing demand for high-quality fashion offerings in the UAE and the wider region. The Modist’s commitment to inclusivity and sustainability is a positive step towards a more inclusive and sustainable fashion industry. As the fashion industry continues to evolve, companies like The Modist are well-positioned to meet the changing needs and preferences of customers around the world.
