| Date | Title | Description |
| 21.10.2025 | Amazon continues expansion of ultrafast 15-minute delivery to UAE after India launch | Amazon launched a rapid delivery service in United Arab Emirates, called Amazon Now.
The service promises to drop off “everyday essentials” to shoppers doorsteps in 15 minutes, or as little as 6 minutes in some neighborhoods.
It comes after... |
| 16.10.2025 | Sweet Deal: FIX Dessert Chocolatier Partners Exclusively with Careem From October 20, 2025, Careem becomes the only destination for the original Dubai Chocolate — as two iconic homegrown brands join f... | FIX Dessert Chocolatier, creator of The Original Dubai Chocolate, has announced an exclusive partnership with Careem, the Dubai-based super app.
Starting October 20, 2025, Careem will be the only platform where customers can order FIX's cho... |
| 03.10.2025 | MENA Digest: UAE firms Upfront, Climaty AI, Saudi’s DOO, others get funding | Credit: Reuters
Early-stage startups led funding activity in the Middle East and North Africa (MENA) region this week, with at least seven firms securing capital. These include UAE-based fintech Upfront, which raised an eight-digit pre-seed... |
| 30.09.2025 | Careem Takes Minority Stake in UAE-Based Car Rental Platform Swapp This new minority stake will enable Careem and Swapp to deliver even more innovative solutions to simplify car rental services across... | Swapp, a UAE-based online car rental service, expands its strategic partnership with the Careem Everything App, with Careem now owning a minority stake in the company.
Careem integrated Swapp into its app as Careem Car Rental in 2022, expan... |
| 29.09.2025 | BECO Capital marks final close of two funds for early stage, growth-stage startups | Dany Farha, co-founder and managing partner, BECO Capital
UAE-based venture capital firm BECO Capital, which manages assets worth around $820 million (around Rs 7,279 crore), has announced the final close of its two funds, with an early-sta... |
| 16.09.2025 | Clarity Raises $12M in Funding | Clarity, a London, UK-based provider of an AI-powered customer-experience and voice-of-customer (VoC) platform for highly regulated industries, raised $12M in funding.
The round was led by Prosus Ventures with participation from STV Al Fund... |
| 12.09.2025 | Alpha Partners: Gal Gitter Appointed As Partner To Expand Into Israel | Alpha Partners has strengthened its presence in one of the world’s most vibrant technology ecosystems by naming Gal Gitter as a Partner based in Tel Aviv. In this role, Gitter will spearhead the firm’s efforts to introduce its collaborative... |
| 02.09.2025 | “2024 haben wir täglich über eine Million Transaktionen verarbeitet” | Das Berliner FinTech Payrails, 2021 von den drei Delivery Hero-Mitarbeitern Emre Talay, Nicolas Thouzeau und Orkhan Abdullayev gegründet, hilft Unternehmen, ihre Zahlungsprozesse auf einer einzigen Plattform zu managen. Große und bekannte U... |
| 20.08.2025 | Alaan, Dubai-based digital banking platform Raises $48M in Series A funding | Alaan, a UAE-based AI-powered corporate spend management platform, has raised $48 million in a Series A funding round, marking one of the largest early-stage fintech investments in the Middle East.
The round was led by Peak XV Partners (for... |
| 11.08.2025 | Trailblazer of MENA Entrepreneurship: Celebrating Fadi Ghandour’s Legacy | Fadi Ghandour stands out as one of the most impactful entrepreneurs and ecosystem builders in the Middle East and North Africa. His journey spans globe-defining achievements in logistics, vibrant startup support networks, and social innovat... |
| 10.08.2025 | UAE Fintech Alaan Raises $48m Series A to Expand Across MENA Region | Listen to this article
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UAE-based business-to-business Fintech startup Alaan has secured $48 million in Series A funding led by Peak XV Partners, formerly Sequoia Capital India, to expand its AI-powered spend manag... |
| 09.08.2025 | Boxy comes out of stealth with EQIQ boost of $1.5 M | EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology ventures and generating returns exceeding 3.3x, unveils its $1.5 million pre-seed investment in Boxy,... |
| 09.08.2025 | Alaan raises $48 M Series A funding to transform spend management in MENA | Alaan, the Middle East’s leading AI-powered spend management platform, has raised $48 million in a Series A funding round. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA), with participation from 885 Capital... |
| 06.08.2025 | Peak XV leads USD 48 Mn Series A Round for UAE's Alaan The round was led by Peak XV Partners, with participation from 885 Capital, Y Combinator, 468 Capital, Pioneer Fund, and several prominent angel ... | UAE-based fintech firm Alaan has raised USD 48 million in a Series A funding round to accelerate its growth in the Middle East and North Africa.
The round was led by Peak XV Partners, with participation from 885 Capital, Y Combinator, 468 C... |
| 05.08.2025 | Alaan Secures $48M to Revolutionize MENA Spend Management | Dubai’s Alaan, a dominant spend management fintech, raised a significant $48 million Series A round. Peak XV Partners led the investment. Other major participants included 885 Capital, Y Combinator, and 468 Capital. This capital infusion pr... |
| 05.08.2025 | "We Got Funded!" UAE-Based Fintech Alaan Raises a US$48 Million Series A Round The funds will accelerate Alaan's expansion in Saudi Arabia and power the next phase of its growth, focused on ... | Alaan, a UAE-based spend management platform for businesses, has raised US$48 million - reportedly one of the largest Series A funding rounds in the history of the region.
The round was led by Peak XV Partners (formerly Sequoia Capital Indi... |
| 05.08.2025 | Peak XV Partners leads $48 million round in Dubai-based spend management startup Alaan | Synopsis
Alaan, founded by Indian-origin Parthi Duraisamy and Karen Kurien, caters to the West Asia market. The founders of 885 Capital â Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund participated in the roun... |
| 03.08.2025 | Makkah to Jeddah Taxi Service Your Hassle Free Travel Solution in Saudi Arabia | Share
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Rides between Makkah and Jeddah are common as most pilgrims tourists and residents make this trip. When visiting Saudi Arabia, you may want to do Umrah, business, or enjoy tourism activities, in which case you ... |
| 29.07.2025 | Careem Takes Another Step Toward 'Everything App' with Justlife Partnership "Together, we're making everyday life easier across the UAE, one home, one service at a time." | Careem continues with its goal to build the Everything App for the greater Middle East by partnering with Justlife to expand its offering of home services to customers in Dubai and Abu Dhabi, with services expanding to Sharjah soon.
Custome... |
| 07.07.2025 | Tech founders call on Sequoia Capital to denounce VC Shaun Maguire’s Mamdani comments | Close to 600 people have signed an open letter to Sequoia Capital, calling on the venture firm to condemn comments made by partner Shaun Maguire.
Maguire, an outspoken supporter of President Trump, posted on X over the weekend that Democrat... |
| 07.07.2025 | Payrails – und Zahlungsprozesse werden effizient | Zu den vielen Startups, die man unbedingt im Blick behalten sollte, gehört das millionenschwere Berliner FinTech Payrails. Die Jungfirma, 2021 von den drei Delivery Hero-Mitarbeitern Emre Talay, Nicolas Thouzeau und Orkhan Abdullayev gegrün... |
| 23.06.2025 | Payrails: $32 Million Series A Raised For Helping Enterprises Maximize Payment Performance | Payrails, a payment software company, announced it has raised $32 million in Series A funding to further its mission of enabling enterprises to take control of their payment operations. The funding round was led by HV Capital’s Growth Fund,... |
| 12.06.2025 | Payrails sammelt 32 Millionen ein – Voltfang bekommt 15 Millionen – Brandback erhält 7,4 Millionen | Im #DealMonitor für den 12. Juni werfen wir einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Arc... |
| 27.05.2025 | Careem Pay Expands Financial Services with New Remittance Corridor to Jordan | Listen to this article
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Careem Pay, the fintech arm of the Careem Everything App, has introduced a new international money transfer service to Jordan.
This addition to Careem Pay’s remittance network enables users ... |
| 23.05.2025 | To boost Iraq’s digital economy, EQIQ doubles its funding to $30 M | EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology startups and generating more than 3.3x return, is expanding its fund size from $15 million to $30 mil... |
| 08.05.2025 | Malak Al Tawouk Partners With Switch Foods to Launch Plant-Based Chicken Menu Items in the UAE | Middle Eastern fast-casual brand Malak Al Tawouk has partnered with UAE-based meat alternatives producer Switch Foods to launch a new line of plant-based chicken menu items.
There are three fully plant-based options in the range — the Chick... |
| 08.04.2025 | Microsoft’s Cloud PC Revolution: A New Era of Work | Microsoft has launched a game-changer. The Windows 365 Link Cloud PC device is here, and it’s shaking up the workplace. This sleek, 14-ounce device is designed for desk-based and frontline workers. It’s not just a gadget; it’s a lifeline in... |
| 06.04.2025 | StrategiQ: £3 Million Investment Raised For Communications And Marketing Agency | StrategiQ, a rapidly growing strategic communications and marketing agency, announced a significant £3 million investment in growth to advance its goal of becoming a leading force in the creative services industry.
The funding will generate... |
| 24.03.2025 | From Startup to Market Leader: Scaling Strategies from the UAE's Fast-Growing E-Hail Ride Sector The key to success lies in differentiating your service, optimizing operations, leveraging technology, ... | Scaling a startup to a market-leading position within five years is ambitious—but entirely achievable. I know this firsthand. Success demands strategic planning, adaptability, agility, and an unwavering commitment to core business principle... |
| 05.03.2025 | UAE-based Dubizzle Group has acquired Hatla2ee, an Egyptian online car marketplace | In a strategic move to strengthen its presence in the Middle East and North Africa (MENA) region, UAE-based Dubizzle Group has acquired Hatla2ee, a leading Egyptian online car marketplace. The acquisition aims to enhance the car buying and ... |
| 05.03.2025 | Flow48, UAE-based fintech company has secured $69 million in a Series A funding round | UAE-based fintech company Flow48 has secured $69 million in a Series A funding round, combining debt and equity, to enhance its SME financing solutions across emerging markets.
The round was led by Paris-based venture capital firm Breega, w... |
| 01.03.2025 | The Future 100: UAE's Vision for Tomorrow's Economy | In the heart of Abu Dhabi, a significant event unfolded. The Future 100 initiative unveiled its 2024 list of the UAE's most promising startups and scaleups. This announcement, made during the fourth edition of Investopia, is more than just ... |
| 27.02.2025 | Future 100 Unveils the Prestigious Future 100 - List 2024 of the UAE's Most Promising, Scalable, and Impactful Companies The announcement was made during the fourth edition of Investopia in Abu Dhabi ... | The Future 100 initiative, a joint initiative between the Ministry of Economy and the Office of Government Development and the Future, announced the Future 100 - 2024, a list of the 100 best UAE-based startups and scaleups that contribute t... |
| 18.02.2025 | Sustainable Shawarma: The Brands Pioneering The Gulf’s Plant-Based Meat Industry | 7 Mins Read As more Brits, Europeans and Americans cool on meat alternatives, one region is making gains on the protein transition – can homegrown brands in the Gulf cater to local demand for plant-based meat?
While some consumers in the We... |
| 11.02.2025 | BRKZ: Transforming Construction Procurement in Saudi Arabia | In the heart of Saudi Arabia, a revolution is brewing in the construction industry. BRKZ, a tech-driven marketplace, has secured $17 million in Series A funding, pushing its total to $22.5 million. This funding is not just a number; it’s a ... |
| 10.02.2025 | "We Got Funded!" Saudi Arabia-based BRKZ Raises USD$17 Million in Series A Funding Founded in 2023 by Ibrahim Manna, serial entrepreneur and former Managing Director at Careem, BRKZ emerged ... | Saudi Arabia-based marketplace for construction materials BRKZ has completed its Series A funding at USD$17 million, bringing total funding to USD$22.5 million, to scale its technology platform to transform construction procurement as Saudi... |
| 23.01.2025 | Супераппы «супергорода» или что такое Careem и Noon в Дубае? Обзор приложений. Часть 1: Careem | Всем привет, вот уже чуть больше 2-х лет я живу в Дубае. Работая QA, ради повышения насмотренности решил провести поверхностный анализ функционала двух супераппов на рынке мобильных приложений региона МЕНА. В этой статье речь пойдёт про одн... |
| 13.01.2025 | Innovating in the eGift Card Industry: The How-To The future of tech in the region will not just be about adopting what works - it will be about shaping what's next. | Innovation doesn't simply emerge from a singular idea or isolated effort. No, it thrives where cultures and perspectives intersect - by blending regional expertise and global technology to create something greater than the sum of its parts.... |
| 08.01.2025 | Scaling Smart: How AI Solutions Help Dubai Startups Grow More Efficiently Since AI took the world by storm, much of the discussion has focussed on how long it will be before it steals all our jobs. Bu... | The UAE has emerged as one of the fastest-growing startup ecosystems in the world. Underpinned by a commitment to creating a proactive and supportive environment for entrepreneurs, the region has become the leading incubator for startups in... |
| 29.12.2024 | Why Dubai Is the Ultimate Hub for Startups and Entrepreneurs | Share
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Dubai has become a beacon for startups and entrepreneurs, earning a reputation as one of the world’s most supportive environments for innovation and business growth. With its unique blend of strategic location,... |
| 20.12.2024 | The 100: Mudassir Sheikha, CEO, Careem The 100: A Definite Guide to Success | Mudassir Sheikha holds a degree in Economics and Computer Science from the University of Southern California and a Master's in Computer Science from Stanford University. His professional journey began at Trilogy Software, followed by a role... |
| 21.11.2024 | Lean Technologies: Riyadh-Based Fintech Infrastructure Company Raises $67.5 Million (Series B) | Lean Technologies, a Riyadh-based fintech infrastructure platform, announced it had raised $67.5 million in Series B funding led by General Catalyst. Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and... |
| 19.11.2024 | "We Got Funded!" UAE-Based Pemo Is Set to Further Transform the Regional Spend Management Sector Following a US$7 Million Pre-Series A Round "We provide a great solution with Pemo, as w... | Pemo, a UAE-headquartered spend management platform that caters specifically to small and medium enterprises (SMEs) across the MENAP region, has raised US$7 million in a Pre-Series A funding round led by Augmentum Fintech, a UK-based fintec... |
| 12.11.2024 | Fintech and Sustainability: The New Frontiers of Investment | In the bustling world of venture capital, two recent funding rounds stand out. They shine a light on the transformative power of technology in finance and construction. General Catalyst, a prominent Silicon Valley firm, is at the helm of th... |
| 11.11.2024 | General Catalyst leads $67.5M Series B round in Saudi fintech Lean Technologies | Silicon Valley venture capital firm General Catalyst has led a $67.5 million Series B funding round for Riyadh-based Lean Technologies, a fintech infrastructure platform.
With this, General Catalyst marks its first investment in a Saudi s... |
| 16.10.2024 | Amazon Web Services and e& Sign a USD$1 Billion-Plus (AED3.7 Billion) Agreement to Accelerate Cloud-Driven Innovation across the MENA Region Partnership to deliver cloud solutions, supporting AI d... | The UAE-headquartered global technology group e& signed a US$1 billion-plus (AED3.7 billion) agreement with cloud provider Amazon Web Services to accelerate the impact of cloud-driven innovation and digital transformation across the reg... |
| 26.09.2024 | Celara Diagnostics acquired by Redcliffe Labs for $7 M | The company’s second acquisition in the diagnostics sector this year will be Celara Diagnostics, which is set to be acquired by omnichannel diagnostics service provider Redcliffe Labs.
Redcliffe Labs’ board of directors has approved the pur... |
| 20.09.2024 | "We Got Funded!" UAE-Based Cercli's US$4 Million Seed Round Marks Silicon Valley-Based Afore Capital's Debut MENA Investment Launched by Akeed Azmi and David Reche, Cercli enables MENA busin... | Cercli, a UAE-headquartered payroll and employee data platform, has raised US$4 million in a seed round led by Afore Capital, a Silicon Valley-headquartered pre-seed venture capital (VC) fund. With this, Afore Capital has made its debut inv... |
| 17.09.2024 | Redcliffe Labs: A Diagnostic Revolution in India | In the bustling landscape of Indian healthcare, Redcliffe Labs is carving a niche. The company recently secured $42 million in a Series C funding round, a significant leap forward. This round was led by Denmark's Investment Fund for Develop... |
| 17.09.2024 | Redcliffe Labs raises $42 Mn in Series C round | Omnichannel diagnostics service provider Redcliffe Labs has raised $42 million in a Series C funding round led by Denmark-based investment firm IFU, which contributed $20 million. Existing investor LeapFrog added $15 million, while the rema... |
| 17.09.2024 | Redcliffe Labs bags $42M funding to expand diagnostics in Tier II, III cities
Recommended Stories For You | Redcliffe Labs has raised $42 million in a Series C funding round to expand its diagnostic network across India, with a focus on Tier II and III cities.
The funding was led by IFU, contributing $20 million, alongside LeapFrog Investments ($... |
| 10.09.2024 | Circles and e& international mark one-year success of JV & digital telco leadership | SINGAPORE, Sept. 10, 2024 /PRNewswire/ -- Circles, a global pioneer in telco digital transformation, and e& international, a leading telecommunications provider in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region, ... |
| 09.09.2024 | Cercli Raises $4M in Seed Funding | Cercli, a Dubai, UAE-based provider of an HR and Payroll platform for direct employees, contractors and EOR in MENA, raised $4M in Seed funding.
The round was led by Afore Capital, with participation from COTU Ventures, Y Combinator and Reb... |
| 05.09.2024 | Cercli raised $4 M Seed funding to cement growth plans | Afore Capital, based in Silicon Valley, led a $4 million seed round for Cercli, the global workforce hiring, management, and payment platform for MENA businesses. With this historic transaction, Afore makes its MENA debut. Fund III, which h... |
| 16.07.2024 | They’re not copycats, they’re smart iterators | This article was contributed to TechCabal by Timothy Motte, through The Realistic Optimist, a paid newsletter covering the globalised startup scene. An ode to simplicity
Paul Graham, Y-Combinator’s founder, excels at simplicity. His essays ... |
| 19.06.2024 | Profitability Creates Optionality: Property Finder Founder And CEO Michael Lahyani With the journey their enterprises were on together coming to an end, Lahyani reflects on the successful founder-inve... | It's been almost eight years since Property Finder founder and CEO Michael Lahyani advised entrepreneurs during a 2016 Entrepreneur Middle East interview to "not to build a business to sell it," and although a lot has changed for ... |
| 01.06.2024 | Agritech startup YoLa raised $7 M Pre-series A funding | A $7 million pre-Series A funding round has been secured by YoLa Fresh, a Moroccan agritech startup that is creating an open and sustainable fresh food supply network. Leading the round was Al Mada Ventures, with participation from FMO, the... |
| 15.05.2024 | UAE’s Property Finder raised $90 M Debt funding from Francisco Partners | Property Finder, a Dubai-based company, raised $90 million in debt from Francisco Partners to assist in funding the acquisition of its first institutional investor, indicating ongoing foreign interest in the booming real estate market in th... |
| 26.04.2024 | Сам себе таксопарк | - |
| 13.04.2023 | The Week in AgriFoodTech: ClimateAI raises $22m, Legit Group cooks up $13m, Farm.One reopens | This week, climate forecasting platform ClimateAI landed Series B funding and cloud kitchen startup Legit Group snagged Series A funds. Elsewhere, struggling Farm.One secured investment and reopened its farm in Brooklyn, and eGrocery startu... |
| 10.04.2023 | Uber sells $400M stake in Careem super app business | Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company.
Emirates Telecommunications, the... |
| 29.06.2022 | Careem launches carpooling services
About Careem | Given the massive hike in global fuel prices, the everyday office-goer is the most affected by the current economic conditions. Careem, the Super App of the greater Middle East and Pakistan, has added a carpooling feature in its corporate p... |
| 01.02.2022 | BREAKING: Retailo raises $36m Series A funding from AgFunder, Graphene & others | Disclosure: AFN’s parent company, AgFunder, is an investor in Retailo.
Retailo — an online B2B marketplace that connects merchants with food producers and other suppliers — has raised $36 million for its Series A round, which included both ... |
| 08.10.2021 | Careem Customer Playbook – 11 things you absolutely need to know | Technology has leapt in recent years, and we now have access to things that were once unimaginable. Imagine with a click of a button, you can order a meal, book a cab, and get groceries delivered all while sitting comfortably at home. The f... |
| 15.09.2021 | Meet the founder: Retailo’s Talha Ansari talks supply chain digitalization in the Middle East | Disclosure: AFN’s parent company AgFunder is an investor in Retailo.
Unlike in Europe and North America, grocery shopping in much of Asia and the Middle East doesn’t typically revolve around big-brand supermarket chains stocking everything ... |
| 09.09.2021 | Как я работал в Дубае
Предисловие
Оглавление
Интервью
Зарплаты
Банковская система
Подготовка документов
Размещение
Emirates ID и разрешения на работу
Поиск жилья
Резидентство
Мобильная связ... | Предисловие
Здравствуйте, меня зовут Александр Зеленин, и я инженер-программист. В 2018 году я получил приглашение в Дубай в компанию Careem (поглощён Uber’ом за 3.1ккк$) архитектором/тимлидом в команду по финансовому взаимодействию с водит... |
| 21.04.2021 | On the United Nations International Day for Creativity and Innovation, Careem celebrates and fosters the growth of Startup Culture | Karachi, April 21, 2021: Careem, the Super App of the Greater Middle East and Pakistan, is celebrating the United Nations International Day for Creativity and Innovation, to commemorate and foster the growth of startup culture in Pakistan. ... |
| 19.04.2021 | Delivering Quality: Built In Partnership With Accor, Kitch-In Is Set To Transform The Online Food Delivery Space | April 19, 2021 7 min read
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
It’s a great time to be in the online F&B business, desp... |
| 16.02.2021 | Nuwa capital raises $75 million for its debut fund for Pakistan, among other regions | The Dubai-based Nuwa Capital has announced the first closure of its debut fund titled Nuwa Ventures Fund I – NVFI, set up to invest in startups from various regions across the globe, including Pakistan. The venture capital aims for another ... |
| 05.05.2020 | Uber Eats beats a retreat in Europe, Americas, and Middle East | Uber is ceasing food delivery operations in seven countries, marking the latest in a string of closures and sell-offs aimed at stemming its losses in the ultra-competitive industry.
By June 4, its Uber Eats app will no longer be available i... |
| 04.05.2020 | Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app | Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the COVID-19 pandemic.
The layoffs will affec... |
| 18.02.2020 | Electric Vs. Autonomous Vehicle Race Shapes Autotech Acquirers Into Short- And Long-Term Players, Says Hampleton Partners’ M&A Report | London, UK – 18 February 2020. The latest Autotech M&A market report from Hampleton Partners, the international technology mergers and acquisitions advisor, reveals that there is still everything to play for in the race towards the vehi... |
| 03.01.2020 | Uber's $3 billion acquisition of a major Middle Eastern rival is finally complete. Here's the pitch deck Careem used to secure its first round of venture capital 6 years ago. | Mudassir Sheikha, co-founder and chief executive officer of Careem, raised the company's first round of funding in 2013. Here's how he did it. S3studio/Getty Images
This story is available exclusively to Insider subscribers. Become an Insid... |
| 25.09.2019 | MaxAB an Egyptian B2B e-Commerce marketplace Closes $6.2 Million Seed Round | Share this:
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| 25.09.2019 | Autotech 2019 - Shift in buyer pool as tech giants join the race to own the vehicle of the future, says Hampleton Partners' report | Amazon, Apple and Uber investments in autonomous driving, electric vehicles and battery expertise challenging Tier 1s and OEMs in 1H2019
Mobility and fleet management transactions rebound with 17 transactions in 1H2019
London, UK – 25 Septe... |
| 29.03.2019 | Uber to Acquire Careem, for $3.1 Billion | San Francisco, California-based Uber is to acquire Middle East, Africa-focused transportation network company Careem, for $3.1 billion.
The deal consisted of $1.7 billion in convertible notes and $1.4 billion in cash. The acquisition – expe... |
| 27.03.2019 | Careem CEO: Uber deal is a ‘lift-off moment’ for the Middle East’s startup ecosystem | A regional VC-backed startup selling itself to a bigger rival for billions of dollars is usually viewed as a big win in itself: The founders get a windfall, while investors are rewarded for their show of faith.
But Careem CEO and cofounder ... |
| 27.03.2019 | Careem CEO: Uber deal is a ‘lift-off moment’ for the Middle East’s startup ecosystem | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more.
A regional VC-backed startup selling itself to a bigger rival for billions of dollars is usually viewed as a big win in itself: The fou... |
| 25.03.2019 | Uber confirms it’s acquiring Middle East rival Careem for $3.1 billion | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more.
Uber has confirmed rumors that it’s building out its presence in the Middle East, Africa, and Asia by acquiring Dubai-based ride-hailin... |
| 25.03.2019 | Uber confirms it’s acquiring Middle East rival Careem for $3.1 billion | Uber has confirmed rumors that it’s building out its presence in the Middle East, Africa, and Asia by acquiring Dubai-based ride-hailing service Careem.
Reports first surfaced that Uber was in advanced talks to buy Careem last month, and th... |
| 29.10.2018 | Europe’s most popular ride-hailing service is launching e-scooters | Mytaxi, the Daimler-owned Uber competitor, announced today it would launch an electric scooter pilot in Southern Europe later this year, with a full international roll-out planned for 2019.
Daimler initially took a 15 percent stake in Hambu... |
| 22.10.2018 | Top tech startup news stories you need to know this Monday, October 22 | Good morning! Here are some of the top tech startup news stories for today, Monday, October 22.
Middle East ride-hailing startup Careem raises $200 million in new funding round. Ride-hailing startup Careem has secured $200 million in new f... |
| 18.10.2018 | As Uber Preps For Potential IPO, Careem Raises $200 Million | 21 Shares Email Facebook Twitter LinkedIn
Early this morning, Dubai-based ride-hailing app Careem announced that it has raised $200 million. As a reminder, last month rumors swirled in the tech world that the company was entertaining the id... |
| 18.10.2018 | Careem Secures US$200 Million Series F Investment | October 18, 2018 2 min read
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
Careem, which now describes itself as an internet platform for the greater Middle East, has secured US$200 million in the... |
| 18.10.2018 | Careem Raises US$200M in First Close of US$500M Series F | Careem, a Dubai, UAE-based ride-hailing company, raised US$200M in the first close of US$500M Series F funding round.
Backers included existing investors Al Tayyar Group, Kingdom Holding, Rakuten and STV.
The company intends to use the fund... |
| 18.10.2018 | Mideast ride-hailing app Careem raises $200 million to expand, expects more funds | By Alexander Cornwell
3 Min Read
DUBAI (Reuters) - Middle East ride-hailing company Careem said on Thursday it had secured $200 million in fresh funding from existing investors and that it expects to raise more to finance expansion plans.
F... |
| 18.10.2018 | Mideast ride-hailing app Careem secures $200 million new funding | Middle East ride-hailing company Careem said on Thursday it had secured $200 million in new funding from existing investors, including from Saudi Arabian billionaire Prince Alwaleed bin Talal's Kingdom Holding.
Dubai-headquartered Careem, t... |
| 03.09.2018 | An African Ride-Hailing Timeline | Ride-hailing and personalised individual/group transportation has been in existence in Africa for a long, long time. People have come together to share vehicles for decades – even before motorized vehicles became a thing. The difference bet... |
| 24.05.2018 | Top tech startup news stories you need to know this Thursday, May 24 | Good morning! Here are some of the top tech startup news stories for today, Thursday, May 24.
Coinbase buys Ethereum startup Paradex, rebrands GDAX as Coinbase Pro. Heavily funded cryptocurrency exchange Coinbase has purchased Ethereum sta... |
| 24.04.2018 | Amid Careem Security Breach, Cairo-based SWVL Announces $8M Series A For Commuters | 4 Shares Email Facebook Twitter LinkedIn
Morning Report: It’s bad and good news for ridesharing in the Middle East this week: Careem ran into its own privacy issues and an Egyptian startup SWVL raised.
Middle Eastern ride sharing app Careem... |
| 24.04.2018 | Amid Careem Security Breach, Cairo-based SWVL Announces $8M Series A For Commuters | 5 Shares Email Facebook Twitter LinkedIn
Morning Report: It’s bad and good news for ridesharing in the Middle East this week: Careem ran into its own privacy issues and an Egyptian startup SWVL raised.
Middle Eastern ride sharing app Careem... |
| 23.04.2018 | Ride-hailing app Careem reveals data breach affecting 14 million people | Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach.
Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem sai... |
| 05.03.2018 | Careem Bike and Rickshaw would charge less now! Prices reduced | Back in January this year, Careem, the most well-received ride-hailing service in the region, raised its fares in some cities due to an increase in fuel prices. However, this month, the company has decided to do the opposite of that as repo... |
| 08.08.2017 | Chinese e-taxi giant Didi grows its global footprint with Careem partnership | Chinese ride-hailing giant Didi Chuxing (Didi) has made a strategic investment in Careem, a rival service that’s popular in parts of the Middle East, Africa, and Asia.
The investment — for an undisclosed amount — represents part of a broade... |
| 08.08.2017 | Chinese e-taxi giant Didi grows its global footprint with Careem partnership | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more.
Chinese ride-hailing giant Didi Chuxing (Didi) has made a strategic investment in Careem, a rival service that’s popular in parts of th... |
| 07.08.2017 | China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East | A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion.... |
| 18.06.2017 | Careem Raises US$150 Million To Close Series E Round Of $500 Million | June 18, 2017 2 min read
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
MENA’s ride-hailing app Careem gets another boost. The company has announced the second close of its Series E funding round ... |
| 15.06.2017 | Term Sheet — Thursday, June 15 | GREEDY BASTARDS
Good morning.
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• That price would be more than double Slack’s latest private valuation from 2016.
• Amazon is not known for its monster acquisitions.... |
| 14.06.2017 | 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 currentl... |
| 29.03.2017 | Term Sheet — Wednesday, March 29 | IPOS ARE COOL AGAIN
For that reason, I’ve always thought the official end of the unicorn era would happen when the biggest, most valuable, most high profile and most quintessential billion-dollar startups, Airbnb and Uber, finally went publ... |
