Zuri Receives Investment from Renew Capital to Revolutionize Africa’s Beauty Industry

What’s this about?

• Zuri, a Kigali-based beauty startup, secured funding from Renew Capital to enhance its distribution of high-end beauty products and services across Africa and Europe.
• Established in 2016, Zuri plans to integrate physical salons, an e-commerce platform, and social media channels in the Democratic Republic of Congo, Uganda, and Rwanda.
• The investment supports Zuri’s mission to empower women globally and leverages an innovative model to provide seamless, high-quality beauty experiences both online and offline.

Zoom in…

Zuri, a Kigali-based tech-enabled beauty startup has raised funding from Renew Capital to transform the African beauty industry with high-end, beauty products designed by Africans, just two months after raising funds from Launch Africa Ventures.

Established in 2016, Zuri will use the funds to integrate physical hair salons, an e-commerce platform and social media communication channels in the Democratic Republic of Congo, Uganda and Rwanda to distribute its high-end products and services. The company is also tapping into the growing demand in the African diaspora markets in Europe.

The company has leveraged its innovative model to develop a proprietary platform, seamlessly integrating it into both its e-commerce app and physical salons, delivering tailored experiences to its customers from their homes to the hair salons.

Zuri’s innovative business model and commitment to empowering women through beauty have made them a leader in the African beauty industry. With this new investment, the company is poised to take its mission to the next level and make a significant impact on the African beauty industry.

What they’re saying…

According to Gisela Van Houcke, the founder & CEO of Zuri, “We are thrilled to welcome Renew Capital aboard as we look ahead to the next phase of Zuri’s expansion journey. Zuri’s objective is to empower women, from all over the world, to become the best version of themselves. We have made it easy for our customers to access high-quality beauty products and services through all of our touchpoints.”

“Zuri’s innovative approach, particularly their integration of technology to disrupt the beauty space, is truly exciting. Their growth trajectory is very promising, and we’re thrilled to join forces with them on this journey,” said Adam Abate, Renew Capital’s principal of investment management.

Bottomline

Renew Capital, an Africa-focused impact investment firm has backed various innovative startups across Africa such as Jamii.one, Farm-to-Feed, Tapii, FlexPay, Sawa Energy among others. Renew Capital invests on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact.

Source: techmoran.com

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