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Wireless

Careem in early talks to raise up to USD 500 mln in new funds - report

Thursday 29 March 2018 | 14:45 CET | News
Middle East ride-hailing app Careem is in early talks to raise as much as USD 500 million in new funds from investors, Reuters reported, citing sources. Careem is checking the appetite of potential investors and hopes to secure the new funding, three sources said, speaking on condition of anonymity. Careem declined to comment but Reuters reported that some of the funds could go towards new business lines for the company. 

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Categories: Mobile & Wireless
Companies: Careem
Countries: Middle East
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