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

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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.

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The founder of Uber's Middle East rival says funding and investment 'will not be an issue'The founder of Uber's Middle East rival says funding and investment 'will not be an issue'The taxi app Careem recently secured $200 million in fresh funds from Saudi Arabia.
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Uber IPO proposals value company at $120 billion - WSJUber IPO proposals value company at $120 billion - WSJRide-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billi... Great, can’t wait to see my income from the stock market bloom *oh wait For a company that has never made a profit that’s pretty good. Still a horrible company though... as long as people continue to not acknowledge the lack of sustainability in a business model that increasingly 'succeeds' by squeezing every penny out of its exhausted workbase, the IPO will go great!
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Uber proposals value company at $120 billion in a possible IPO - WSJUber proposals value company at $120 billion in a possible IPO - WSJUber Technologies Inc [UBER.UL] could be valued at $120 billion when it finally ... The company pays a shit wage, is not profitable & has performed many illegal activities, the world is mad Drivers use their own vehicles and waste alot of time struggling to make some money for living but in return the shitty owners get richer and richer. On the other end the drivers even loose the value of their vehicle due to the high mileage.
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