عربي

Careem closes $200m in latest round

Careem closes $200m in latest round
image courtesy of Careem

Ride-hailing app Careem has secured $200 million from existing investors including Al Tayyar Group, Kingdom Holding and Rakuten in the first close of a $500 million Series F investment round.

The UAE-based company will use the investment to accelerate the expansion of its internet platform across the Middle East region.

“Internet-enabled services are having a profound and positive impact on our region, where the consumer internet opportunity is huge and untapped,” said Mudassir Sheikha, chief executive officer and co-founder at Careem.

The company has 30 million users in more than 120 cities across 15 countries. Earlier this year Careem launched a mass transportation service in Egypt and acquired UAE-based RoundMenu to expand its delivery services into the food sector.

Thank you

Please check your email to confirm your subscription.

Whoops, looks like something went wrong.

(1/1) ErrorException

file_put_contents(): Only 0 of 225 bytes written, possibly out of free disk space

in Filesystem.php (line 122)
at HandleExceptions->handleError(2, 'file_put_contents(): Only 0 of 225 bytes written, possibly out of free disk space', '/var/www/wamda-frontend/vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php', 122, array('path' => '/var/www/wamda-frontend/storage/framework/sessions/5rP4OJQasVXLl98hDCYBgnfs96QBlCF5ElmZxxMB', 'contents' => 'a:3:{s:6:"_token";s:40:"x8cz1ckNaBC58VcnZaVkrHuMWYiBTkWWwm118paN";s:9:"_previous";a:1:{s:3:"url";s:67:"http://staging.wamda.com/en/2018/10/careem-closes-200m-latest-round";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 'lock' => true))
at file_put_contents('/var/www/wamda-frontend/storage/framework/sessions/5rP4OJQasVXLl98hDCYBgnfs96QBlCF5ElmZxxMB', 'a:3:{s:6:"_token";s:40:"x8cz1ckNaBC58VcnZaVkrHuMWYiBTkWWwm118paN";s:9:"_previous";a:1:{s:3:"url";s:67:"http://staging.wamda.com/en/2018/10/careem-closes-200m-latest-round";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 2)in Filesystem.php (line 122)
at Filesystem->put('/var/www/wamda-frontend/storage/framework/sessions/5rP4OJQasVXLl98hDCYBgnfs96QBlCF5ElmZxxMB', 'a:3:{s:6:"_token";s:40:"x8cz1ckNaBC58VcnZaVkrHuMWYiBTkWWwm118paN";s:9:"_previous";a:1:{s:3:"url";s:67:"http://staging.wamda.com/en/2018/10/careem-closes-200m-latest-round";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', true)in FileSessionHandler.php (line 83)
at FileSessionHandler->write('5rP4OJQasVXLl98hDCYBgnfs96QBlCF5ElmZxxMB', 'a:3:{s:6:"_token";s:40:"x8cz1ckNaBC58VcnZaVkrHuMWYiBTkWWwm118paN";s:9:"_previous";a:1:{s:3:"url";s:67:"http://staging.wamda.com/en/2018/10/careem-closes-200m-latest-round";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}')in Store.php (line 128)
at Store->save()in StartSession.php (line 88)
at StartSession->terminate(object(Request), object(Response))in Kernel.php (line 218)
at Kernel->terminateMiddleware(object(Request), object(Response))in Kernel.php (line 189)
at Kernel->terminate(object(Request), object(Response))in index.php (line 58)