RIYADH: Egypt-based platform for parent and child needs, Mumerz, has raised $1.2 million in a pre-seed round led by investment firm Disruptech.
The startup is planning to use its funding to expand its market share in Egypt and grow its e-commerce offerings, MAGNiTT reported.
Mumerz is a femtech platform that offers a support community for parents alongside child-need products.
Co-founders Amir Shenouda and Nadia Gamal Eldin are utilizing their past experience in the parent-child market to support parents in Egypt. KSA’s Theeb Rent a Car’s profit doubles in 2021 on higher demand Saudi stocks slide losing 3 day streak of gains: Closing bell Saudi stock market outperforms GCC counterparts in 2022: Kamco report Image: Shutterstock No new contracts with Russian producers, says aluminum company Norsk Hydro
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