Uber's been too busy dealing with the fallout of its corporate culture in the United States to make too many headlines about its presence abroad recently.
But a major regional rival got a significant batch of funding this week — upping the game for Uber in the Middle East.
Careem983 Archives Uber's biggest rival in 80 cities across 12 countries in the region, reportedly raised another $150 million, finishing up a $500 million Series E funding round the company confirmed in December.
SEE ALSO: Grab is considering on-demand helicopter rides in congested Asian citiesThe funding values Careem at over $1 billion — so it's not just a startup Uber's competing with in the Middle East, but a real unicorn.
The German automaker Daimler participated in the funding round, led by Saudi Arabia's Kingdom Holding. Careem was founded in 2012 and is headquartered in Dubai.
“With our investment in Careem, we are now taking the strategic step to becoming the world’s leading provider of mobility services,” Klaus Entenmann, CEO of Daimler's financial services arm, said in a statement to TechCrunch. “Careem has quickly leapt to the leadership of ridesharing within the MENA regions by delivering rapid innovation and customer growth, and it is spearheading new ways to transport people from point A to point B.”
SEE ALSO: No, it's not time to start using Uber againCareem addresses specific regional challenges, especially payments infrastructure in emerging markets and cultural attitudes toward women driving and taking transit alone. The company was founded as a "local venture with a unique regional vision."
Meanwhile, Uber serves a little over a dozen cities in the Middle East. With its global ambitions, Uber is less focused on solving problems in transportation and ride-hailing specific to the region.
Daimler, which contributed funding to Careem, is also supposed to be a partner with Uber. The two companies are aligned on a self-driving car initiative.
Daimler's attention is already wandering. In the Middle East, Uber better watch out.
Barcelona Open 2025 livestream: Watch live tennis for free
Peach Fuzz is Pantone's Color of the Year, and Motorola Razr's new hue
Limericks from beyond the Rings of Saturn by Anthony Madrid
On The Importance of Not Writing by Mesha Maren
The 10 Most Anticipated PC Games of 2016
The Art of Doodling by The Paris Review
Adonis’s Poems of Ruin and Renewal by Robyn Creswell
NYT's The Mini crossword answers for December 7
NYT Connections hints and answers for May 1: Tips to solve 'Connections' #690.
Poetry Rx: An IV Dripping into Something Already Dead by Kaveh Akbar
Waymo data shows humans are terrible drivers compared to AI
Bonne Maman jam Advent calendar 2023: Price, where to buy it, and more
The Ideal Place to Disappear: An Interview with Julia Phillips by Jennifer Wilson
Best kitchen deal: Keurig K
Apple is reportedly still working on smart glasses of some kind
Best Beats deal: the Powerbeats Pro are down to a record
Redux: April in Paris by The Paris Review
Netflix's 'Leave the World Behind' takes a swipe at Tesla
Best Apple deal: Save $19 on AirTag 4
The Winners of 92Y’s 2019 Discovery Poetry Contest by The Paris Review
Dan Stevens' brutal takedown of Boris Johnson makes BBC presenters audibly gaspMeta Quest 3 reviews are in — 3 things people hate about itWho Is Nancy Drew, Really?A Letter from Our Paris Editor, Antonin BaudryHow to run a background check on a Tinder matchDan Stevens' brutal takedown of Boris Johnson makes BBC presenters audibly gaspElon Musk buys Twitter, and Twitter users have a lot to sayThere Are Those Who Knit, and Those Who Unravel...'Quordle' today: See each 'Quordle' answer and hints for October 9, 2023Early Prime Day Kindle deal: A refurbished 8 GB Kindle Oasis is on sale for $130 off at Woot!'Old Enough!' on Netflix is a pure, wholesome mustHo, Ho, Ho—A Silly Symphony with a Frankly Terrifying Santa ClausBest Prime Day AirPods deal: $40 off Apple AirPods (2nd Gen)NYT's The Mini crossword answers for October 9Who Is Nancy Drew, Really?Holiday TravelReciting Sagas in the Westfjords of IcelandAgustin Fernandez Mallo Retraces Nietzsche’s FootstepsSeeing the Sixties and Seventies Through 2001 and AlienThe 12 best and funniest tweets of the week, including a bloody hand and 'Ghostbusters' Cane toad sausages are a thing that exists because Australia The Flash Season 3, Episode 6 sees Wally face off with Alchemy It’s time to stop blaming Facebook for fake news This surreal image of Saturn is not a painting Government's new anti Melania Trump's racy photos land Indian minister in soup Hayes Grier launches book with immersive app 'Avengers' cast is assembling against Donald Trump on Twitter How Trump won an election helped by America's anti Muggles rejoice, the Quidditch Premier League is now a thing and it looks badass IBM Research is developing a smartphone skin cancer detection method India's futile attempt to go cashless is a reality check for our dream epayments future Mark Zuckerberg's Pinterest account hacked again The 'word of the year' sums up 2016 The Touch Bar MacBook Pro teardown: Nearly impossible to repair Facebook might not detect fake news, but this Chrome extension will Watch this Cubs fan yank a tooth after losing a World Series bet Brilliant math teacher 'threatens' puppies to get through to students How this spoof British TV reporter's rant went viral on alt Jimmy Fallon loves 'Gilmore Girls' and names his top four characters
2.6927s , 10108.46875 kb
Copyright © 2025 Powered by 【1983 Archives】,Inspiration Information Network