Cartlow raises $2 million in pre-Series A, launches VASCART

Cartlow raises $2 million in pre-Series A, launches VASCART

UAE-based "re-commerce" platform Cartlow, has raised a $2 million (AED 7 million) pre-series A investment round from Arzan Ventures, Vision Ventures, Oman Tech Funding and others and launched its sister company VASCART.

Founded by Mohamed Sleiman, Cartlow looks to digitise the pre-owned industry and eliminates unsustainable practices. It hosts a wide selection of certified pre-owned, refurbished, open-box, and clearance products at lower prices; from TVs, laptops, white appliances to beauty, toys and fashion products. 

The company has crossed 1 million sold items within its first year of operation, which has helped to reduce a lot of e-waste and contribute to the sustainability of the environment.

Meanwhile, the newly-launched platform, VASCART, short for "value added services to your cart", operates as a marketplace for second-hand devices.

"We are still in the early stages of learning