• Careem, a ride-hailing company in acquisition talks with Uber, raised $200 million from Saudi backers

    1 month ago - By Chron

    Faisal Al Nasser/Reuters
    Careem, a Middle East ride-hailing equivalent to Uber, has raised a $200 million tranche for its latest round of funding.
    The deal values the company at more than $2 billion, one source said, and the company hopes to raise $500 million for the round.
    The deal was co-led by Kingdom Holding Company, the investment vehicle for Saudi billionaire Prince Alwaleed bin Talal, and other existing backers.
    Careem has been in acquisition talks with Uber this summer, and the deal comes at a sensitive time as US companies scrutinise Saudi's influence on American tech startups.
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  • Middle East Uber rival Careem raises $200 million

    Middle East Uber rival Careem raises $200 million

    1 month ago - By Venture Beat

    Uber rival Careem has raised $200 million to expand in the Middle East.
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  • Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backers

    Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backers

    1 month ago - By Business Insider

    Careem, a Middle East ride-hailing equivalent to Uber, has raised a $200 million tranche for its latest round of funding.
    The deal values the company at more than $2 billion, one source said, and the company hopes to raise $500 million for the round.
    The deal was co-led by Kingdom Holding Company, the investment vehicle for Saudi billionaire Prince Alwaleed bin Talal, and other existing backers.
    Careem has been in acquisition talks with Uber this summer, and the deal comes at a sensitive time as US companies scrutinise Saudi's influence on American tech startups.
    Careem, a Middle East...
    Read more ...