careem News of 09/22/19
Uber CTO Says Competing With Didi Is ‘Very Healthy’ Despite Their Complicated Relationship
Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential. That’s according to the ride-hailing ...
Splyt Wants To Connect The World’S Ride-Hailing Apps For Easy International Roaming
The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China , Southeast Asia and Russia coupled with the failure of its rivals to develop a proposed roaming system , means that global ...
Dissecting What Lyft’S IPO Means For Uber And The Future Of Mobility
Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kirsten Korosec and Kate Clark led a deep-dive discussion into Lyft’s IPO and ...
Two Years After A First Close, 500 Startups Wraps Its Middle East Fund With $33 Million
When 500 Startups partner Hasan Haider announced the $15 million first close for the accelerator and investment firm’s Middle Eastern focused fund, 500 Falcons, Dave McClure was still at the helm of Silicon Valley’s second most famous ...
Uber Is Paying $3.1bn To Pick Up Middle East Rival Careem
After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in ...
Careem Launches Delivery Service As It Nears Closing A Massive Round
The ride-hailing giant Careem is now in the delivery business as the company seeks new verticals in its ever-increasing fight against other services in the Middle East including Uber. Starting with food delivery in Dhabi and Jeddah, the company ...
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 ...