Fashion startup Opio raises US$300k seed round led by AUC Angels

EGYPT – Opio, an Egypt-based women’s fashionwear brand, has raised US$300,000 in a seed round from AUC Angels, local and regional angel investors along with follow-on funding from Flat6labs Cairo. Launched in 2017, Opio is a direct-to-consumer e-commerce platform and commissions white label and toll manufacturing women’s wear apparel to different manufacturers. “What I see in this market is a huge supply-demand imbalance,” said Shady Mokhtar the co-founder and CEO of Opio, said. “Egypt has thousands of manufacturers with exceptional manufacturing capabilities yet, a total lack of modern-day customers requirements,…

Read More