Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backers

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Careem, a Dubai-headquartered rival to Uber, has raised the first $200 million of a $500 million funding round to expand its service. One of its main backers is Saudi Arabia's Kingdom Holding Company, and the deal comes at a sensitive time.

Source: News Formal (newsformal.com)

 

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