It happened after 9:00 p.m. Saturday on South Third Street near Christian.
Police say two men stole a 32-year-old woman's hand bag containing an iPhone and an iPad. They cut her right wrist with a sharp object during the holdup.
The victim was treated at the scene and did not require hospitalization.
Police are looking for two Hispanic men seen fleeing north on Third Street in a tan Honda.
Anyone with information is asked to contact Philadelphia Police at 215-686-TIPS (8477), text a tip to PPD TIP (773847) or through PhillyPolice.com.