Online eyewear retailer, Eyewa based in Dubai, secures $2.5 million in new funding to expand its digital platform for eyeglasses and sunglasses sales.
Eyewa, a leading online platform for eyewear in the Middle East and North Africa, has announced that it has secured $2.5 million in a pre-Series B funding round. The investment was led by Nuwa Capital, with participation from Wamda and EQ2 Ventures.
Founded in 2017 by Anass Boumediene and Mehdi Oudghiri, Eyewa offers a wide range of eyewear products, including sunglasses, prescription glasses, and contact lenses. The startup's platform features products from renowned eyewear brands such as Ray-Ban, Persol, Dolce & Gabbana, Prada, Emporio Armani, Burberry, Fendi, Nike, and Lacoste.
This round brings Eyewa's total investment to over $11 million. The startup claims to be the leading online eyewear retailer in the region.
Delivery within the United Arab Emirates, Saudi Arabia, and Kuwait is free, and the platform mainly serves customers in these countries. However, Eyewa also ships to the United States for a flat delivery fee of $10.
Interestingly, the first investment in Eyewa after its founding was made by Nuwa Capital itself. No other investor preceding Nuwa Capital is mentioned in the available search results.
During the lockdown, Eyewa's business reportedly doubled without sharing exact details. The company's success during this period underscores the growing demand for online shopping and the convenience it offers to customers.
With this new investment, Eyewa aims to expand its operations, improve its technology, and enhance its customer experience. The company is poised to continue its growth and become a major player in the global eyewear market.
