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June 15, 2017 05:00 am GMT
Amid ongoing struggles at Uber, one of its stronger regional rivals in transportation on demand has raised a significant round of funding, picking up a significant strategic investor in the process. Careem, a transportation startup currently in 80 cities across the Middle East, has raised another $150 million — closing out a $500 million Series E round that itconfirmed in December when… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Mg9vm27rZp4/
Uber rival Careem closes $500M raise at $1B valuation as Daimler steps in
Amid ongoing struggles at Uber, one of its stronger regional rivals in transportation on demand has raised a significant round of funding, picking up a significant strategic investor in the process. Careem, a transportation startup currently in 80 cities across the Middle East, has raised another $150 million — closing out a $500 million Series E round that itconfirmed in December when… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Mg9vm27rZp4/
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