Status: Active
Sector: Retail Tech
Industry: Fashion, Textile, Retail
Summary: Modanisa is a leading online shopping platform that caters to women who prefer modest and modern attire. Following an investment in 2023, the brand is expanding its presence in the retail sector by increasing the number of physical stores, aiming for success in this area as well.
Company Overview: Modanisa is an e-commerce platform founded in 2011 that sells clothes and accessories for conservative clothing worldwide. The company has an important place in both the local and international market with its wide range of products and various brands. Modanisa, an e-commerce company based in Istanbul, offers conservative clothing for women. The company aims to meet the worldwide demand for conservative clothing and sends products to more than 140 countries. Drawing attention with its wide range of products, user-friendly website and mobile applications, Modanisa collaborates with both big brands and boutique designers.
Business Model: Modanisa’s business model can be defined as an e-commerce platform that sells directly to consumers. The company makes agreements with various brands and designers and sells their products on its platform, thus offering a wide range of products. Modanisa also increases its product range by launching its own private brands.
Product & Services:
- Clothing: Dresses, tunics, abayas, skirts, pants, and evening wear.
- Accessories: Scarves, bags, shoes, and jewelry.
- Special Collections: Exclusive collections for weddings and special occasions.
- Modanisa Blog: Content on fashion, style, and lifestyle topics.
Key People:
Şule Kuban: CEO
Sadık Aykan: CFO
Investment & Growth Information:
Modanisa received a $12 million investment from Re-Pie Portföy, aiming to increase its store count to 27 by the end of 2024, targeting 200% growth. Previous funding rounds included investments from prestigious investors like Goldman Sachs.
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