Careem ‘in talks for $300 million fundraising’

Ride-hailing app Careem is close to raising $300 million in its latest fundraising round, Bloomberg reported on Wednesday.

0
427
Careem Dubai

Ride-hailing app Careem is close to raising $300 million in its latest fundraising round, Bloomberg reported on Wednesday.

The UAE-based company is in talks with a group of investors and is thought to be close to reaching a deal – although the talks could still “falter”, Bloomberg said, citing two anonymous sources.

Arabian Business has contacted Careem for comment.

Last year the transport app secured $60 million of funding – reportedat the time to be one of the largest investments in the region’s emerging technology sector to date from a group of investors led by the Abraaj Group.

In October, Careem signed a deal with Dubai’s Roads and Transport Authority (RTA) to provide a government-approved platform to book taxi services in the emirate. More info

By Staff  www.arabianbusiness.com

LEAVE A REPLY

18 − three =