FARO Secures $6M to Transform Surplus Clothing Market in Africa

FARO Secures $6M to Transform Surplus Clothing Market in Africa
FARO, a South African startup, has raised $6 million to tackle the issues of surplus clothing from global brands and environmental waste in Africa. The venture aims to source, refurbish, and sell excess inventory, providing affordable fashion while addressing the demand for secondhand goods. With plans to expand from four to 1,000 stores in the next decade, FARO focuses on restoring consumer returns often discarded by brands. The startup's strategy includes introducing AI to streamline operations and enhance customer experiences, targeting a market poised for significant growth.