Tamer and Twofour54-backed Mumzworld plans to use Gulf Islamic Investments' series B funding to expand its e-commerce platform in Saudi Arabia.
Mumzworld, a United Arab Emirates-based online retailer of infant and childcare products that counts diversified conglomerate Tamer Group as an investor, has raised $20m, Forbes Middle East has reported.
The capital was provided by financial services firm Gulf Islamic Investments in the form of series B funding and the deal made GII the company’s largest shareholder.
Founded in 2011, Mumzworld sells goods including child and infant clothing, toys and games, nappies and baby accessories such as strollers or car booster…
