Uber Expands Careem Stake with $100 Million e& Purchase
Uber has acquired an additional 12.5% stake in UAE super app Careem Technologies from e& for $100 million. This transaction reinforces Uber's position in Careem's non-ride-hailing businesses.
Uber has purchased an additional 12.5% stake in Careem Technologies, the UAE-based super app, from e& for $100 million. This move further consolidates Uber's ownership in Careem.
The acquisition specifically strengthens Uber's interest in Careem's operations beyond its traditional ride-hailing services. This includes areas like food delivery and other super app offerings, highlighting the strategic value of Careem's diversified business.
FREQUENTLY ASKED
Who is Careem?
Careem is The Everything App, based in Dubai, founded in 2012, operates in the Fintech sector.
How much has Careem raised?
Careem has raised $772M in disclosed funding to date according to the DXBStart company directory.
Where can I find more news about Careem?
The DXBStart company profile at dxbstart.com/company/careem aggregates every news story DXBStart has indexed about Careem, along with funding history, stage, status, and company details.