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Wireless

Careem plans to raise up to USD 200 mln in China - report

Wednesday 21 November 2018 | 11:24 CET | News
Middle East taxi application firm Careem plans to raise between USD 100 million and USD 200 million from Chinese investors, Reuters reported, citing a source with direct knowledge of the matter. Investment bank China International Capital Corporation (CICC) is advising UAE-based Careem, but it was not immediately clear when or if a deal would be finalised, the source said, for lack of familiarity and interest among Chinese investors in Middle Eastern start-ups. Beijing-based CICC and Careem both declined to comment. 

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