Kuwait’s Fashion Giant Nalbes nabbed profit of $2 Million from Online Marketplace

Founded in early 2017 by Abdulaziz Alanzi & Bader Alanzi, Nalbes, Kuwait’s number 1 online fashion store in Women, Men and Kids categories. ‘FASHION & LIFESTYLE ON THE GO’, is what Nalbes claim. Established in Kuwait on January 13th, 2017 by a group of Kuwaiti entrepreneurs and selling in across GCC. Nalbes put on the market clothing, bags, shoes, and accessories for men, women, and kids, through its website and mobile apps.

Dubai Bride 2019 Exhibition Ends After 4 Days of Trend Setting

Kuwait-based online fashion store Nalbes has secured $2 million in its Series B round of funding, led by a group of startup announced today.
Nalbes said that they consist of major family groups from Kuwait and experienced person from the investment and banking industry. After almost 18 months, this round came, when the company raised $1.5 million from secret investors. As said in the statement by Nalbes that some of the existing investors also joined this latest round.

The main focus is on the local fashion industry and the brand wants to take the collections of GCC-based fashion designers and local private labels to a global level by launching worldwide delivery in April this year. The startup at present is shipping across GCC countries only. Currently, the local fashion contributes more to their GMV and revenue said the CEO.

It has over 20,000 styles with a specific focus on the fashion line and categories that create a centre of attention for the local customers such as modest, hijab friendly wear, and planning to localize new fashion trends for women and men section in their 20s & 30s.

Princess Noura, the new face of Saudi Fashion

Nalbes is also in encouraging some additional investors who are taking interest to join in by Q4 this year, the startup said in the statement. The investment will be utilized to enlarge the business with a focus on the Gulf countries according to a statement.

Latest

SUSTAINABLE TOURISM: WORK AT DUBAI’S HATTA WATERFALL ON TRACK

Construction work is underway on the multi-million waterfall attraction...

Trial operations at Abu Dhabi Airport’s new terminal begin

Test-running of operations at Abu Dhabi International Airport's Midfield...

Global Village Dubai reopens in October

We surely missed a few of Dubai’s attractions during...

Roll out of “WhatsApp Channels” Now in the UAE and KSA

Tech giant, Meta has announced that they have begun...

Newsletter

[tds_leads input_placeholder="Email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" msg_composer="" display="column" gap="10" input_padd="eyJhbGwiOiIxM3B4IDEwcHgiLCJsYW5kc2NhcGUiOiIxMnB4IDhweCIsInBvcnRyYWl0IjoiMTBweCA2cHgifQ==" input_border="1" btn_text="I want in" btn_icon_size="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" btn_icon_space="eyJhbGwiOiI1IiwicG9ydHJhaXQiOiIzIn0=" btn_radius="0" input_radius="0" f_msg_font_family="831" f_msg_font_size="eyJhbGwiOiIxMiIsInBvcnRyYWl0IjoiMTIifQ==" f_msg_font_weight="400" f_msg_font_line_height="1.4" f_input_font_family="831" f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" f_input_font_line_height="1.2" f_btn_font_family="831" f_input_font_weight="400" f_btn_font_size="eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_btn_font_line_height="1.2" f_btn_font_weight="400" pp_check_color="#000000" pp_check_color_a="var(--center-demo-1)" pp_check_color_a_h="var(--center-demo-2)" f_btn_font_transform="uppercase" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" btn_bg="var(--center-demo-1)" btn_bg_h="var(--center-demo-2)" title_space="eyJwb3J0cmFpdCI6IjEyIiwibGFuZHNjYXBlIjoiMTQiLCJhbGwiOiIxOCJ9" msg_space="eyJsYW5kc2NhcGUiOiIwIDAgMTJweCJ9" btn_padd="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTBweCIsImFsbCI6IjE3cHgifQ==" msg_padd="eyJwb3J0cmFpdCI6IjZweCAxMHB4In0=" msg_err_radius="0" msg_succ_bg="var(--center-demo-1)" msg_succ_radius="0" f_msg_font_spacing="0.5"]
spot_img

Don't miss

SUSTAINABLE TOURISM: WORK AT DUBAI’S HATTA WATERFALL ON TRACK

Construction work is underway on the multi-million waterfall attraction...

Trial operations at Abu Dhabi Airport’s new terminal begin

Test-running of operations at Abu Dhabi International Airport's Midfield...

Global Village Dubai reopens in October

We surely missed a few of Dubai’s attractions during...

Roll out of “WhatsApp Channels” Now in the UAE and KSA

Tech giant, Meta has announced that they have begun...

Nappa Dori weaves another story as it launches the UAE website

Dubai’s Alserkal Avenue’s new resident has made its way...
spot_imgspot_img

SUSTAINABLE TOURISM: WORK AT DUBAI’S HATTA WATERFALL ON TRACK

Construction work is underway on the multi-million waterfall attraction in Hatta which will be at the heart of Dubai’s beauty spot's ambitious tourism drive. Hatta,...

Trial operations at Abu Dhabi Airport’s new terminal begin

Test-running of operations at Abu Dhabi International Airport's Midfield terminal building has begun ahead of opening in November. As part of the ongoing operational...

Global Village Dubai reopens in October

We surely missed a few of Dubai’s attractions during summer, including the ever-popular Global Village Dubai. The attraction may have its doors closed for...