Saudi's Tamer Group acquires Dubai-based Mumzworld
- Date: 29-Jun-2021
- Source: Salaam Gateway
- Sector:Economy
- Country:Saudi Arabia
Saudi's Tamer Group acquires Dubai-based Mumzworld
Published 28 Jun,2021 via MENAbytes - Tamer Group, a Saudi company with interests in healthcare, beauty, and FMCG products, is acquiring Mumzworld, the region's leading ecommerce platform for mother, baby, and child products, it announced in a statement today.
The financial details of the transaction were not disclosed. The Jeddah-based company that imports, distributes, promotes, markets, and manufactures different products had previously invested in Mumzworld in 2018.
The Dubai-based startup had raised over $50 million in total financing including $20 million Series B in October 2018 from Dubai-based Gulf Islamic Investments. Its other investors include Wamda Captial, Global Ventures, Endeavor Catalyst, and Saned Partners.
Select Sector 
Select Country 
