Vietnamese fashion app Piktina raises $1 million in seed funding

The Piktina app, a pioneering online marketplace for second-hand fashion in Vietnam, has announced that it has secured $1 million in seed funding from Touchstone Partners, a Vietnam-focused venture capital firm.

This investment, according to Piktina, will help finance the continued growth of the application and allow further refinement of the platform’s business model.

“We are delighted to have Touchstone Partners as an initial investor, as they share our values ​​of creating solutions that promote sustainability and make our community a better place to live. We appreciate the confidence they have in our vision and the guidance they can provide as we scale Piktina,” said Nguyễn Hoàng Phương, Founder and CEO of Piktina.

Piktina is a digital sales portal specialized in second-hand fashion items.

Piktina’s goal is to offer a platform where everyone can refresh their personal style with unique second-hand pieces while earning an easy passive income.

The platform connects buyers and sellers so they can easily free up their wardrobes, while doing their bit to extend the life cycles of fashion trends and advocate for a circular economy.

The company’s mission is to raise awareness of excessive consumption and instill values ​​of sustainability in the community to reduce fashion waste and carbon emissions, and conserve the environment.

Vietnam’s GDP growth is projected to be 7% in 2022

In June 2022, the Piktina mobile app debuted on both the Apple Store and Play Store and has quickly become the preferred app for GenZ users and fashionistas.

Piktina is a digital sales portal specialized in second-hand fashion items

Since its debut, Piktina has been welcomed by investors, partners, and brands that share similar core values ​​of sustainable fashion, green consumption, and environmentally friendly business cultures.

Notable collaborations include the “Thrifty to Nifty” project with Comfort and the “Dare 2 Rewear” flea market event with food delivery app Baemin.

Through the launch event on October 10 “One Step Forward – A Sustainable Journey”, Piktina has established itself as a trusted partner thanks to its ability to connect companies, entrepreneurs and users; as well as to expand the influence of sustainable fashion brands in Vietnam.

Article republished from the Vietnamese state media VNA as part of an agreement between both parties to share content. Link to original article:https://vietnamnews.vn/economy/1344205/piktina-raises-1-million-in-seed-funding.html