Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding
MENA (Middle East North Africa) based Mumzworld, an e-commerce platform dedicated to mothers, babies and children has recently raised its fifth and largest round of funding. The fresh funding will be utilized to implement its regional growth plans.
The funding round was led by Swicorp, an investment banking firm that offers corporate finance advisory services focusing on MENA and Wamda, MENA's leading venture firm investing in startups. Apart from them, the round also saw participation from Tamer Group and FMCG company.
Existing investors of Mumzworld include- Wamda, WSB Holding, Precinct Capital, Riverbank Technologies and Saned. The e-commerce startup has also seen some quick funds from prominent Saudi groups operating in adjacent segments.
The mother and childcare e-commerce po...