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.
Careem,Hard Soap Hard Soap (1977) 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.
Best soundbar deal: Save $300 on the Sonos Arc
Language’s Wilderness: An Interview with Azareen Van der Vliet Oloomi by Amina Cain
Save 30% sitewide at Solawave: Get the skincare wand, the Bye Acne device, and more
Save 30% sitewide at Solawave: Get the skincare wand, the Bye Acne device, and more
Best Sony deal: Save $100 on WH
Motherhood at the End of the World by Julietta Singh
The Best Kind of Vanishing by Melissa Broder
Motherhood at the End of the World by Julietta Singh
Q&A with tendercare founder and CEO Shauna Sweeney
Cooking with Mikhail Sholokhov by Valerie Stivers
Apple is actively looking at AI search for Safari
The Momentum of Living: An Interview with Clare Sestanovich by Elinor Hitt
Authenticity and Apocalypse: An Interview with Alexandra Kleeman by Cornelia Channing
Wordle today: The answer and hints for January 17
Reality Distortion Field: 10 Things Apple Won't Directly Say But We'll Infer About the iPhone X
Emmys 2024: The complete list of winners
More Apple Vision Pro hands
1, Love by Ross Kenneth Urken
Amazon Prime Grubhub deal: Save $10 off orders of $20 or more
On the Faces of Strangers: Michaël Borremans’s Pandemic Portrait by John Vincler
The first reactions for 'Black Panther' are in, and yes, you can believe the hypeJ.K. Rowling revealed how she plans her books on Twitter. Take notes, people.New meme tells you what kids these days are REALLY texting aboutHere's the piece of 'Black Mirror' tech people would be most likely to useThank Nintendo's failed Wii U for the Switch's wild successOla, Uber's biggest rival in India, expands to AustraliaTom Hanks to play Mr. Rogers in 'You Are My Friend' biopicHow 2018 can be the year for Latinx representationWhat to watch instead of 'Teleprompter Trump's' State of the UnionThe first reactions for 'Black Panther' are in, and yes, you can believe the hypeLeslie Jones joining NBC's Olympics coveragePeter Dinklage talks 'Game of Thrones,' Super Bowl adFuture Shift: ForwardHarry Potter's Matthew Lewis, Zoe Wanamaker reunite for 'Girlfriends'Octavia Spencer to buy out 'Black Panther' screening for kidsDisneyland's animatronic Ursula lost her head midMan writes heartfelt breakup letter to his gym to end his membershipDisneyland's animatronic Ursula lost her head midBars are now making Tide Pod shotsParis Hilton dresses up as Kim Kardashian and oh how the tables have turned The Rooms by Jill Talbot Apple Pay: You can finally use it at this popular home Learning Ancientness Studio: An Interview with Jeffrey Yang by Lauren Kane Redux: Film Is Death at Work by The Paris Review How to watch UNLV vs. KU football livestreams: kickoff time, streaming deals, and more Jonathan Escoffery Wins Plimpton Prize; Leigh Newman Wins Terry Southern Prize by The Paris Review Apple Watch import ban timeline: 7 events that got Apple into this mess Long Weekend by Michael DeForge National Treasure, Elizabeth Spencer by Allan Gurganus 5 rumored tech dropping in 2024 Toys under $20 at Amazon — Dec. 2023 deals Teenage 'GTA 6' hacker sentenced to an indefinite hospital stay 197,539 B.C. by Jeffrey Yang The Return by Jill Talbot Whiting Awards 2020: Jake Skeets, Poetry Redux: Monologue for an Onion by The Paris Review 'The Color Purple' review: Does this Broadway musical work on the big screen? Mickey Mouse is finally, kind of, becoming public domain Ode to Rooftops by Jessi Jezewska Stevens How to watch OSU vs. TAMU football livestreams: kickoff time, streaming deals, and more
2.4016s , 8200.9375 kb
Copyright © 2025 Powered by 【Hard Soap Hard Soap (1977)】,Creation Information Network