Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt

Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt

Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt

Comments Off on Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt
Uber's Middle East Rival Careem Launches Bus-Booking Service in Egypt



Middle East ride-hailing company Careem said on Monday it had launched a bus-booking service in Egypt and would soon expand it into Saudi Arabia and Pakistan.
Users of the ‘Careem Bus’ app select their pick-up and drop-off location and track the bus along dedicated routes, the Dubai-based company said in a statement.
It offers fixed rate fares between 60 percent and 70 percent cheaper than those on the separate car service, it added.
The launch comes more than a year after Careem invested $500,000 (roughly Rs. 3.5 crores) in Egyptian tech start-up Swvl, which offers bus booking services on its own mobile app. Careem said it had since divested the stake.
Swvl announced last month it was planning to expand to Southeast Asia after securing “tens of million of dollars” in its latest funding round.
Careem competes in many major Middle East cities with San Francisco-headquartered Uber.
Reuters reported last month that Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential merger and acquisition deal in the region with Uber.

admin

Related Posts

Mozilla Said to Be Working on New Android Browser Codenamed ‘Fenix’

Comments Off on Mozilla Said to Be Working on New Android Browser Codenamed ‘Fenix’

Google Play Holiday Sale Features Discounts on Movies, Books, Comics, and More

Comments Off on Google Play Holiday Sale Features Discounts on Movies, Books, Comics, and More

Google Assistant Found to Get Support for 14 New Languages in Beta, Including Tamil, Telugu

Comments Off on Google Assistant Found to Get Support for 14 New Languages in Beta, Including Tamil, Telugu

Chrome 71 to Start Showing Warning Alerts on Unclear Billing Websites

Comments Off on Chrome 71 to Start Showing Warning Alerts on Unclear Billing Websites

Google Play Bans Cryptocurrency Mining Apps, Updates Policies to Restrict Other Inappropriate Apps

Comments Off on Google Play Bans Cryptocurrency Mining Apps, Updates Policies to Restrict Other Inappropriate Apps

Google to Shift Android Messages Web App From Android.com to Google.com: Report

Comments Off on Google to Shift Android Messages Web App From Android.com to Google.com: Report

WhatsApp for Android Gets Picture-in-Picture Feature for All Users

Comments Off on WhatsApp for Android Gets Picture-in-Picture Feature for All Users

WhatsApp, DEF Train Community Leaders to Tackle Fake News

Comments Off on WhatsApp, DEF Train Community Leaders to Tackle Fake News

Broadcom to Acquire Software Company CA Technologies for $18.9 Billion

Comments Off on Broadcom to Acquire Software Company CA Technologies for $18.9 Billion

Google Assistant Can Now Respond Without Unlocking Phone; Digital Wellbeing, Home View, Multi-Room Audio Coming to Smart Displays

Comments Off on Google Assistant Can Now Respond Without Unlocking Phone; Digital Wellbeing, Home View, Multi-Room Audio Coming to Smart Displays

Google Assistant Can Now Be Used to Make Charity Donations

Comments Off on Google Assistant Can Now Be Used to Make Charity Donations

KhaaliJeb Is a New UPI Payments App That Wants to Appeal to Students

Comments Off on KhaaliJeb Is a New UPI Payments App That Wants to Appeal to Students

Create Account



Log In Your Account