Healthy Food and Beauty E-commerce Platform Kazidomi Raises 6M Euros
PARIS – Healthy food and beauty e-commerce platform Kazidomi has raised 6 million euros in a funding round led by Invest For Jobs and FJ Labs.
The Belgian company, co-founded by Alain Etienne and Emna Everard in 2016, sells groceries online.
The business is based on a subscription model, with annual members benefiting from preferential prices, substantially less than at traditional supermarkets.
Kazidomi – which is primarily operational in France and Belgium today but delivers to 15 different countries – retails a curated selection of products: food, hygiene, wellbeing and home-care from numerous brands, including an eponymous label. The more than 3,500 products carried on the platform are validated by health experts and delivered to people’s homes.
Spring 2021 Fashion Collections for Women: Joy
“Numerous parameters seduced us in the Kazidomi project,” Christophe Picard, senior investment manager at IFJ, said in a statement. “First of all, there is the concept: excellent, with a strong personal history and a very clear vision from Emma and Alain on where they want to be in a few years.
From Kazidomi Courtesy of Kazidomi
“There is also this clear impression of a united and motivated team around the two co-founders, which conveys strong corporate values, modern and in tune with our times,” he continued. “I also emphasize a governance of rare quality at this stage of a company’s development. Finally, the prospect for job creation obviously weighed heavily in our assessment of the dossier. This constitutes a very healthy cocktail in which we – IFJ – found ourselves and we wished to be able to support over time.”
IFJ is a Belgian investment fund focused on projects with a positive impact on employment.
New York-based FJ Labs investment fund specializes in digital platforms.
A private investor, with retail and finance expertise, entered Kazidomi’s capital in the most recent round of funding, too.
For more, see:
Social Beauty Commerce Start-up Agora Raises $6.6 Million
Eutopia VC Fund Raises 100 Million Euros
L’Oréal Invests in Social Commerce Platform Replika Software
Source: Read Full Article