Bangladesh Angels, the leading angel investment network in the country, closed another pre-seed investment in Strides Co, a fashion e-commerce company.
Strides Co sells premium contemporary clothing and wardrobe essentials, said a press release.
Kowser Ahmed, the angel investor of Strides Co & CEO of The KOW Company said, "One of the key factors for me joining hands with strides is the combination of tech and apparel manufacturing experience in founders. Fashion is a tough business everywhere, so having Ariq's tech expertise and Alavi and Aroni's apparel manufacturing experience has played a key role in me investing".
Strides Co's platform caters to 75% of the e-commerce customers whose age ranges between 18-24 years old. Bangladesh Angels Network backed the company to fulfil 50k orders in the next 12 months.
Alavi Khandoker, COO of Strides Co said, "With our first pre-seed round secured through BAN we have acquired the right partnership in both resources and shared capabilities towards becoming Bangladesh's leading online fashion destination. Our goal for 2021 was to increase penetration in the online fashion market, by bringing a wider range of products from our in-house brands and third-party sellers."
With this pre-seed round, Strides Co expects to extend their service throughout Dhaka city and plans to spread across Bangladesh in near future.