Ride-hailing giant Uber is in talks over a possible merger with Middle East rival Careem, according to Bloomberg — citing three people familiar with the matter. The report suggests various deal structures have been discussed, although it also says that no deal has been reached — nor may ever be reached, as discussions are ongoing and may […]
View More “Everyone is talking to everyone” — rideshare investor bypasses Uber-Careem rumorCategory: careem
Uber is helping Saudi Arabia drive its cultural transformation
Uber has about 95,000 monthly active drivers in Saudi Arabia. And right now, only one is a woman. But that’s about to change. Uber (as well as Middle East ride-hailing rival Careem) is launching programs aimed at leveraging the sweeping cultural and economic changes afoot in the country. On Sunday, Saudi Arabia’s King Salman lifted […]
View More Uber is helping Saudi Arabia drive its cultural transformationChina’s Didi Chuxing continues its international expansion with Australia launch
Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km […]
View More China’s Didi Chuxing continues its international expansion with Australia launchUber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment […]
View More Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuationRide-hailing app Careem reveals data breach affecting 14 million people
Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach. Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem said there’s no evidence the hackers accessed passwords or credit card information. While the breach […]
View More Ride-hailing app Careem reveals data breach affecting 14 million people