Technology
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2.1KUber to raise $750 million in debt financing to fund its purchase of Careem
Uber today has announced that it will raise $750 million in debt financing primarily to fund its pending acquisition of Dubai-based Careem....
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1.9KPakistan’s Cheetay raises $7.8 million Series A for its on-demand logistics and ecommerce platform
Lahore-based on-demand logistics and ecommerce platform Cheetay has raised $7.8 million in a Series A round from US-based investors, the startup announced...
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1.7KCareem now allows users in UAE, Egypt & Pakistan to recharge their mobile credit using its app
Careem now allows users in the UAE, Egypt, and Pakistan (with Jordan to follow) to recharge their mobile phone credit with its...
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1.5KExclusive: Careem Now expands to Pakistan with beta testing of food delivery service in Karachi
Dubai-headquartered Careem has quietly expanded its food delivery service ‘Careem Now’ to Pakistan’s largest city Karachi, MENAbytes has learned. Still in the...
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1.5KFawry’s market cap surges to $440 million, plans expansion to UAE, Saudi & Kuwait
Fawry, the Cairo-based fintech company that went public a month ago continues to enjoy success as its stock has risen almost 60...
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6.9KExclusive: Qatar blocks Uber’s acquisition of Careem in the country
Qatar’s competition authority has blocked Uber’s proposed $3.1 billion acquisition of Careem in the country, Uber’s recent SEC filing (10-Q has revealed....
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2.3KSouq.com launches same-day delivery in Saudi, starting with Riyadh and Jeddah
Souq.com has launched same-day delivery service in Saudi becoming the first ecommerce company in the country to do so, the Amazon-owned company...
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3.1KCareem announces new leadership structure for its Super App strategy
Careem today in a statement to MENAbytes has announced that it is making some changes in its leadership structure as it implements...
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4.6KEgypt’s Instabug now serves over 25,000 companies, with its SDK reaching 2 billion devices around the world
Instabug, the Cairo-based startup that allows mobile teams to collect real-time contextual insights throughout their mobile app lifecycle, last month revealed its new...