careem
Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group…
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show…
Edtech startup Manara has raised $3 million in pre-seed funding for its cohort-based training platform geared toward growing the tech-talent pool in the Middle East and North Africa (MENA) region.…
Anglophone East Africa is home to over 400 million people, with half under 25. The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in…
The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across…
YC-backed Ziina raises $7.5M seed led by Avenir Growth Capital and Class 5 Global
Cash is the predominant method of sending and receiving payments in the Middle East. If you owe someone a cup of coffee or a trip over a long period, repaying…
Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea
Bykea, which leads the ride-hailing market in Pakistan, has raised $13 million in a new financing round as the four-year-old startup looks to deepen its penetration in the South Asian…
Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from…
Uber Eats is pulling out of a clutch of markets — shuttering its on-demand food offering in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. It’s also…
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How Bykea is winning Pakistan’s ride-hailing and delivery market
Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s tech startups. India now has more than 25,000 startups and raised a record $14.5 billion last…
Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship
Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber, it’s a situation that is not only…
The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the failure of its rivals to develop a…
Execs at Mobike, the bike sharing startup, are raising $20M to buy out the European business by end of June
Some big changes are afoot for Mobike, the Chinese bike-sharing company that was acquired by IPO-bound on-demand service startup Meituan-Dianping for $2.7 billion last year. Mobike executives in Europe are…
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Uber has already made billions from its exits in China, Russia and Southeast Asia
Uber’s exits from China, Russia and Southeast Asia were billed as failures, but the ridesharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S-1 on Thursday and reporters and analysts are frantically digging into a treasure trove of previously…
Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s…
When 500 Startups partner Hasan Haider announced the $15 million first close for the accelerator and investment firm’s Middle Eastern focused fund, 500 Falcons, Dave McClure was still at the…
After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion —…
The ride-hailing giant Careem is now in the delivery business as the company seeks new verticals in its ever-increasing fight against other services in the Middle East, including Uber. Starting…
Daimler-owned ride-hailing company mytaxi will release a fleet of e-scooters in Southern Europe later this year.
Those of you familiar with the incredible rise of Twilio, which came along to utterly disrupt the communications world, will be interested to hear that another player plans to do…
Uber is facing calls for a boycott of its app in the Persian Gulf, a region that has poured billions of dollars of investment into the company’s ride-hailing business in…
We’re kicking off Startup Battlefield MENA, here are the startups and agenda
We’re kicking off Startup Battlefield MENA here in Beirut, where 15 startups will be taking the stage, along with speakers from Facebook (our partner on the event through its FB…
China’s Didi Chuxing is fighting fires at home around passenger safety, but overseas the ride-hailing giant has moved into another new market after its taxi-booking service began operations in Japan.…
India is the new tech outsourcing destination for ride-hailing companies. Southeast Asia’s Grab and Go-Jek both have sizable engineering teams in the country, and now that duo is joined by…
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the…
Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business…
“Everyone is talking to everyone” — rideshare investor bypasses Uber-Careem rumor
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…
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…
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…
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…
