Dubai-based e-commerce platform Mumzworld.com has closed $20 million Series B funding round with UAE-based Gulf Islamic Investments, the firm announced on Tuesday.
The funding will be used to disrupt the massive, rapidly growing, and under-served e-commerce market in KSA, as well as to boost automation and launch vertical specific consumer offerings, the statement added.
The latest round of funding makes Gulf Islamic Investments the single largest shareholder in Mumzworld, and stands as the largest-ever women-led VC funding round in e-commerce in the MENA region.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}