Q&A with Careem CEO Mudassir Sheikha on the MENA ride-hailing giant becoming a super app, the spinout of its non-ride-hailing services from Uber, AI, and more
• DUBAI, THE UAE — Mudassir Sheikha likes to tell the story of Careem's growth in chapters. Bluesky: @anup Bluesky: Anup Kaphle / @anup : I met with Mudassir Sheikha, the CEO and co-founder of Caree...
How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy
Zuha Siddiqui / Rest of World : X: @restofworld , @restofworld , @restofworld , @mvzelenks , and @russellbrandom . LinkedIn: Sophie Schmidt X: @restofworld : Careem was once the main ride-hailing app...
How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy
After falling from dominance, Careem is experimenting — from corporate rides to price bidding — to maintain its presence in Pakistan. X: @restofworld , @restofworld , @russellbrandom , @restofworld , ...
Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber's Middle East unit, for $400M; Uber will own Careem's ride-hailing business
Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.'s Middle Eastern subsidiary …
Sources: Uber and its Dubai-based Careem subsidiary are facing a combined tax bill of around $100M in Saudi Arabia, driven by a dispute over calculating VAT
Bloomberg : Tweets: @viviannereim Tweets: Vivian Nereim / @viviannereim : Scoop: Saudi Arabia has hit several technology firms, including Uber and Careem, with tax bills worth tens of millions of dol...
Egypt approves Uber's $3.1B acquisition of Careem after setting price caps and other measures designed to keep the local market competitive
Egypt signed off on Uber Technologies Inc.'s acquisition of ride-hailing peer Careem Inc. after setting price caps and other measures designed to keep the local market competitive.
Uber to acquire Middle East rival Careem in a $3.1B deal with $1.7B in convertible notes and $1.4B in cash
- Uber's $3.1 billion agreement to buy Careem consists of $1.7 billion in convertible notes and $1.4 billion in cash. — Dubai-based Careem claims more than 30 million registered users …
Sources: Uber to announce the $3.1B acquisition of Dubai-based Careem soon, paying $1.4B in cash and $1.7B in convertible notes at a price of $55 per Uber share
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ …
Sources: Uber to announce the $3.1B acquisition of Dubai-based Careem soon, paying $1.4B in cash and $1.7B in convertible notes at a price of $55 per Uber share
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ … Tweets: @umarsaif and @thisisaby Tweets: Umar Saif / @umarsaif : If t...
Lyft S-1: 2018 revenue of $2.2B up 100% YoY, gross bookings of $8.1B from 1B+ rides, loss of $911M, up 32% YoY, 39% market share in the US, up from 22% in 2017
So Are Losses Walter Frick / HBR.org : The Strategy Question at the Center of Lyft's IPO Axios : Lyft files first for IPO in litmus test for the industry Harper Neidig / The Hill : Lyft files to go pu...