Uber rival Careem closes $500M raise at $1B+ valuation as Daimler steps in

 Amid ongoing struggles at Uber, one of its stronger regional rivals in transportation on demand has raised a significant round of funding, picking up a significant strategic investor in the process. Careem, a transportation startup currently in 80 cities across the Middle East, has raised another $150 million — closing out a $500 million Series E round that it confirmed in December when… Read More

http://ift.tt/2srxRb0 Uber rival Careem closes $500M raise at $1B+ valuation as Daimler steps in http://ift.tt/2srh8or