ZUMI
closedDate | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $120k | Seed | |
$250k | Seed | ||
N/A | Seed | ||
N/A | N/A | Seed | |
N/A | $250k | Early VC | |
N/A | Growth Equity VC | ||
* | $300k | Seed | |
* | $125k | Debt | |
Total Funding | AUD1.4m |
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Recent News about ZUMI
EditZUMI operates as a transformative platform in the African apparel retail market, connecting wholesalers and retailers through a transparent and affordable marketplace. The company primarily serves women retailers, empowering them with technology, logistics, and financial services to scale their businesses. ZUMI's business model revolves around bulk sourcing, which enables the company to offer lower prices to retailers. Orders are collected from suppliers early each morning, and customers can place orders via SMS, call, or through a ZUMI Agent. The logistics partners ensure delivery within 18 hours of ordering, making the process hassle-free and efficient. Additionally, ZUMI evaluates retailers for credit, providing them with the necessary capital to grow. The company generates revenue through transaction fees and possibly through interest on the credit provided to retailers.
Keywords: apparel, wholesale, retail, logistics, credit, women empowerment, technology, affordable, transparent, Africa.