Careem acquires Middle East online restaurant listing platform

Careem said it will begin testing a delivery capability for RoundMenu customers
Careem said in June it would accelerate expansion plans after raising $500 million from investors.
By Reuters
Sun 18 Feb 2018 09:47 AM

Careem, a Middle East competitor to Uber Technologies, said on Sunday it had acquired RoundMenu and would start trialling food delivery services through the restaurant listing and reservation online platform this month.

The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum.

"Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month," it said in a statement.

RoundMenu has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the UAE, and Egypt, according to its website.

Several food delivery companies, including Talabat, Zomato, UberEats, and Deliveroo, are active in the region.

RoundMenu has raised $3.1 million in funding since it launched in 2012, the Careem statement said.

Careem said in June it would accelerate expansion plans after raising $500 million from investors, including German carmaker Daimler and Saudi Arabia’s Kingdom Holding.

In July, it took a minority stake in an Egyptian start-up that connects commuters with private buses in Cairo.

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Last Updated: Sun 18 Feb 2018 08:59 AM GST

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