Careem has acquired Delivery Chacha, an on-demand delivery startup in Pakistan. This is company’s second acquisition in the country. Last year it had acquired Savaree, a Lah0re-based ride sharing startup.
Just like previous acquisitions by the company, details of this one also have not been made public. However, a Pakistani publication has reported that the founder of Delivery Chacha will be joining Careem as a result of acquisition.
Delivery Chacha that was founded in 2014 by Nishat Iqbal claims to have completed more than 500,000 deliveries of different things ranging from food to cinema tickets. The startup had raised an undisclosed amount of investment last year from Pakistan-based HSN Ventures.
We’ve reached out to Careem to learn more details and will update the story if/when we hear from them.
- Rush Brush witnesses increased consumer demand during pandemic - September 21, 2020
- Saudi angel groups Riyadh Angels and Najd Angels announce merger - September 14, 2020
- Kuwait’s Boutiqaat looking to raise fresh funds at a valuation of up to $1 billion: report - June 25, 2020