Why Uber is Buying its Middle East Rival Careem for $3.1 Billion
The move has come after Uber recorded heavy losses last year ahead of its plans for an initial public offering
A Milestone For the MENA Startup Ecosystem: Uber Acquires Careem For US$3.1 Billion
The deal will see Careem becoming a wholly owned subsidiary of Uber, though Careem will continue to operate independently under the leadership of current CEO and co-founder Mudassir Sheikha.
What Made Dubai's Careem Get Interested in This Indian Startup?
Careem has an India connection - it recently acquihired Hyderabad-based Commut
Driving Growth: Careem's Zach Finkelstein On His Company's Market Potential
Careem has appointed the co-founder of Silicon Valley-based investment firm Lumia Capital, Zach Finkelstein, as its Vice President of Corporate Development to help drive this stage of the business' trajectory.
Chinese Ride-Hailing Giant Didi Chuxing Invests In Careem
The Middle East (and global) ride-hailing technology space has taken an exciting turn as the Dubai-headquartered Careem announced a strategic partnership with Chinese ride-hailing giant Didi Chuxing.
Careem Backs Egypt-Based Transportation Startup Swvl With Seed Funding
As per a statement on the seed funding, Swvl proposes to utilize the investment to "expand into new cities and markets, as well as roll out new product features within its app, including new payment options."
Careem Users Will Now Be Able To Book A Ride Through Apple's Siri
Local cab service Careem has struck a partnership with Apple which allows its app to be integrated with Siri.