From mommies to investors: women's-only investor round launched
Mumzworld.com today launched the region’s first ever women-only investment round. Designed for female investors looking to capture a slice of the lucrative and fast-growing online retail segment in the Middle East, the model is the brainchild of Mona Ataya, founder and CEO of Mumzworld.com. The investment opportunity – which allows individual women to become part of the region’s expanding e-commerce sector – was inspired by the vision of the company, which Ataya says is to empower women by providing them more information, more choice, and more opportunities," said a media statement.
Ataya has already demonstrated her technology-entrepreneurial credentials as one of the founders of the region’s leading online recruitment portal, Bayt.com. Ataya successfully launched mumzworld.com in 2011 and has since led the company through a period of rapid growth, as well as securing two rounds of venture capital funding.
“Mumzworld is a company built by mothers, for mothers,” she says. “Since launch, we have always been committed to giving the very best to our customers. This investment opportunity is a natural extension of that ethos – to empower women in the region to contribute and grow. As a mother myself, I know how challenging it is to go back to work while having children at home. We wanted to give the opportunity to mothers, like myself who are educated and want to give back to their community and their families while still being able to dedicate 100 per cent of their time to raising their children. Mumzworld is for mothers and women – so what better investors in the business than the consumer herself.”
With the baby and toy market in MENA valued at close to $8bn according to Euromonitor data, a population of more than 10 million babies, and with the region’s mother typically wielding twice the spending power of her European peers, Ataya believes the opportunity is one that savvy business women in the region will be eager to investigate.
“This is a first for the Middle East,” says Ataya. “Our business is one that mothers understand and want, and we’re a business that understands and wants to support mothers. With this women-only financing round, Mumzworld.com is empowering women to invest in a business they believe in, to reap the benefits from that business’ growth, and potentially to become more financially independent.”
The exclusive opportunity to invest in mumzworld.com will end on 20 September 2013.
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Businessmen tortured in UAE
- State of the Arab World Economy report 2016: diversify, tax, slash subsidies
- Arab investors won't dump the Trump despite anti-Muslim remarks
- UAE economy minister projects high growth despite oil prices
- Latest round of promising startups present to investors at DP World’s turn8 event
- Topio secures $10 million second round venture financing
- DP World’s TURN8 seed accelerator prepares for investor Demo Day
- Bayut.com closes $20 million investment round
- Barjeel Geojit investors to benefit from best practices and global products, as a result of Geojit - BNP Paribas partnership