Uber-Careem deal Archives

Careem

Dubai’s Careem stops operations in Qatar

Written by Staff Writer

Tue 28 Feb 2023Tue 28 Feb 2023

The announcement was made by the Dubai-based super app Careem via a message sent to customers in Qatar on Monday

Latest in Uber-Careem deal

Dubai

Dubai’s Careem was ridiculed for taking on Uber but it proved ‘everybody wrong’, says tech events CEO

Written by Shane McGinley

Mon 17 Jun 2019Thu 7 Oct 2021

Web Summit is in talks with the UAE government to stage a tech event in the country

Angel Investors

Careem angel investors make 100x return on investment

Written by Staff Writer

Tue 11 Jun 2019Thu 7 Oct 2021

STC Ventures has made an estimated return of over $200m on total investment in the ride-hailing tech app to be acquired by Uber this year

Careem

UAE gives green light for $3.1bn Uber-Careem deal

Written by Gavin Gibbon

Mon 10 Jun 2019Thu 7 Oct 2021

Acquisition will be largest technology transaction in Middle East

Roadside Assistance includes emergency services ranging from battery boosting to on-site battery replacement to emergency fuel delivery at a fixed price of AED100.

Careem

Careem launches roadside assistance service in Dubai

Written by Sam Bridge

Mon 22 Apr 2019Thu 7 Oct 2021

Dubai-based ride hailing app Careem says it plans to roll out roadside assistance services across the UAE this year

Abdulrahman Tarabzouni

Uber-Careem deal will inspire entrepreneurs to ‘think local’ before expanding, says STV CEO

Written by Bernd Debusmann Jr

Wed 10 Apr 2019Wed 6 Oct 2021

STV CEO Abdulrahman Tarabzouni said he be believes the deal will inspire others to want ‘to do the next big thing’

Careem

Five things to know about the Uber’s $3.1bn acquisition of Careem

Written by ITP

Tue 9 Apr 2019Tue 19 Oct 2021

The development is being hailed as ‘game-changer’ for the Middle East’s tech and start-up scene. Most observers celebrate it as proof that tech investments in the region are judicious and can lead to a profitable exit.

Careem

Video: Does Careem deal show Uber may be overvalued at IPO?

Written by ITP

Mon 8 Apr 2019Wed 6 Oct 2021

Uber may be ‘overvalued’ at its upcoming initial public offering (IPO), given the majority stock portion of its $3.1 billion acquisition of Dubai ride-hailing app Careem, according to a partner at corporate advisory and investment firm AQ&P.

Arabian Business StartUp Academy

Exit strategies: When is the right time to sell your start-up?

Written by Shane McGinley

Sun 7 Apr 2019Wed 6 Oct 2021

Opinion: In light of the record-breaking Careem sale to Uber, many entrepreneurs in the region will be thinking it’s time to get ready to sell, but when is the right time?