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Uber to acquire Middle East ride-hailing rival Careem in $3.1 bn deal

TMT

26 March, 2019

Uber to acquire Middle East ride-hailing rival Careem in $3.1 bn deal

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a ......

Venture debt firm Trifecta invests in bus aggregator app Shuttl

TMT

23 October, 2018

Venture debt firm Trifecta invests in bus aggregator app Shuttl

Gurugram-based bus aggregator Shuttl has raised close to $1 million (Rs 7.3 crore at current exchange rates) in a fresh ......

Careem acqui-hires bus aggregator Commut; Shuttl to take over local ops

TMT

24 September, 2018

Careem acqui-hires bus aggregator Commut; Shuttl to take over local ops

UAE-headquartered ride-hailing firm Careem has acqui-hired app-based Indian bus shuttle operator Commut as it readies to launch bus booking services ......

Hakbah, Ryse Energy, Flyksoft get funding; e& buys into Careem's super app

TMT

14 April, 2023

Hakbah, Ryse Energy, Flyksoft get funding; e& buys into Careem's super app

Dealmaking in the Gulf region rebounded this week led by Emirates Telecommunication Group Company e& buying a majority stake in ......