Dahab Shops Chosen for Newchip’s Intensive Global Pre-Seed Accelerator Program

Dahab Shops Chosen for Newchip’s Intensive Global Pre-Seed Accelerator Program
Abu Dhabi-based specialised gold and jewellery marketplace among top applicants selected for Newchip’s online accelerator

Abu Dhabi, United Arab Emirates – Dec 12th, 2022 – Dahab Shops, a technology startup aiming to disrupt the gold and jewellery retail market, transform it and recreate the shopping experience, was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding with an estimated portfolio of over $9B. 

“Newchip evaluates a diverse number of companies across all industries from around the world, selecting a small percentage to join our accelerator,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This strict selection process makes us an ideal partner for investors looking for promising start-ups. Specialised marketplace startups like Dahab Shops can scale quickly with proper funding and guidance. We are excited for Dahab Shops  and believe they will do well at Newchip.”

“Being accepted into the Newchip Accelerator, we are excited to work with business experts and global entrepreneurs with strong track-records of success, connect with investors and advisors throughout the globe of interests in our region and our industry, which will take our company to the next level, fast track our growth and add value to our journey.” says Wasem Razaz, CEO and founder of Dahab Shops. 

About Dahab Shops

Dahab Shops, dahabshops.com, is an online marketplace specialised in gold, jewellery, luxury watches and accessories. It leverages technology to transform retailers, boutiques, and independent jewellery designers by giving them the online presence they need to expand and grow their businesses. The startup recreates a traditionally opaque customer journey known to be lengthy and seamy to a smooth digital journey. Gold lovers now get fingertip access to designs and products from hundreds of retailers nationwide, buy gold at their own comfort, with real time gold prices. 

About Newchip

Newchip is an online, global startup accelerator led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has enabled over 1,500 startups from 50+ countries to raise over $450 million in funding with an estimated $9B portfolio. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. 

Media Contact
Company Name: Dahab Shops
Contact Person: Abdulla
Email: Send Email
Phone: 00971559339399
Country: United Arab Emirates
Website: dahabshops.com