Fashion marketplace Taffi raises $2 million Seed round

• Saudi Arabia-based fashion marketplace Taffi has raised a $2 million Seed round, led by Impact46 & Al-Rashed Group (ARG), with participation from WomenSpark, Sultan Al-Hokair, founder of the fashion retail company Eyad Mashaat and Abhishek Sharma, and Jamil Ahmad, founders of the apparel manufacturing marketplace Fashinza.
• Founded by Shahad Geoffrey and Pradeep Bish, Taffi is an AI-empowered fashion marketplace platform that is designed to enable fashion stylists to handle operations online, expand their reach and acquire more customers. 
• The newly-obtained funding will enable the company to enhance the platform’s tech proprietary, improve customer experience and grow its client base.

Press release

Taffi, an AI-empowered fashion marketplace, announced its latest funding round of $2M+ Seed financing led by Impact46 & Al-Rashed group (ARG). In addition, the round also includes prominent angel investors from WomenSpark, Sultan Al-Hokair, founder of the fashion retail company Eyad Mashaat and Abhishek Sharma, and Jamil Ahmad, founders of the apparel manufacturing marketplace Fashinza. 

Taffi is the AI-empowered fashion marketplace platform enabling fashion stylists to manage their clients online in a hyper-efficient manner with the tools and built-in scale to serve many more clients than they could have without Taffi. The platform allows clients to acquire new customers easily, showcase their online portfolio to new audiences, and broaden their global reach. For brands and clothing providers, Taffi is a robust global market that provides deeper connections and a better understanding of their customers in ways that current e-commerce or local retailers could not offer today.

Taffi is creating opportunities for over 28 million women in the Middle East. They are homemakers, fashion enthusiasts, and very interested in styling as a source of income from the comfort of their homes. 

“This latest funding round allows us to continue our mission to bring global fashion styles to consumers in the most intimate and personalized manner. Today, e-commerce still has many challenges. From discovering styles to the right fit for you or the moment, the current e-commerce experience is still not the shopping experience we know modern technology can deliver” said Shahad Geoffrey, the Founder and CEO of Taffi. Moreover, the logistics and operations to achieve this experience are still tricky for regional retailers today, but the world is no longer a regional marketplace. Customers today demand global access and purchase opportunities and, at the same time, want it deeply personalized. 

Taffi has already started to connect customers, clothing providers, and individuals across the style, fashion, and merchandise ecosystem to deliver a global, on-demand personalized style marketplace in the EMEA region. Seeing the traction here in Saudi Arabia has been exciting, but most importantly, our platform is helping people and businesses from at least three different segments; shoppers, stylists, and clothing. This opportunity is what is the most rewarding for us here at Taffi. 

“Whether our customer wants access to the latest local Paris fashion, from Dubai, or the trending Tokyo street fashion, on the streets of Cairo. Taffi’s mission is not simply about delivering clothes; it’s about opening new possibilities by empowering our customers with no constraints on how they could look, what they can access, and, more importantly, how they can feel about themselves every day. Our technology and platform are built to deliver this connection. But, of course, clothes are a crucial component” Added Pradeep Bisht, Co-Founder, and CTO. “So getting support from these key strategic investors, who share our vision of e-commerce, is an important next step in making it a reality for everyone.”

“Fashion is one of the largest segments of e-commerce in our region. With such a big market and potential, there come challenges and gaps for all stakeholders of this ecosystem. Taffi is uniquely positioning itself to complete the loop between consumers, fashion brands, and fashion stylists. This segment has yet to be tapped in our region, and we believe Taffi’s team, led by Shahad Geoffrey, is well equipped with the right mindset and background to address this segment.” Commented Mohammed Alnasyan from Impact46

Taffi will deploy the latest funding into the growth of the technology platform, continued nurturing and scale of the stylist community, and build on the excellence of their customer experience and continued customer growth.

“As the world continues to become more connected and more personal, Taffi aims to be the leader in not just clothes, but that platform that creates meaningful connections between people, brands, and styles across the globe, united by fashion” said Shahad