Al Tayyar and Rakuten are reportedly among the existing investors that provided $200m for on-demand ride platform Careem at a $2bn valuation.
Careem, the United Arab Emirates-based ride hailing platform has raised $200m from existing investors including travel agency Al Tayyar and e-commerce firm Rakuten, Reuters reported today.
STV, the venture capital fund anchored by telecommunications firm Saudi Telecom, and investment holding company Kingdom Holding were also among the participants.
The round valued the company, whose investors also include Chinese counterpart Didi Chuxing and automotive manufacturer Daimler, at about $2bn, a source close to the deal told Reuters.
Careem’s on-demand ride service…
