What is Careem? Uber's major rival in the Middle East escalates the ride-hailing battle


Uber's been too busy dealing with the fallout of its corporate culture in the United States to make too many headlines about its presence abroad recently. But a major regional rival got a significant batch of funding this week -- upping the game for Uber in the Middle East. Careem, Uber's biggest rival in 80 cities across 12 countries in the region, reportedly raised another $150 million, finishing up a $500 million Series E funding round the company confirmed in December. The German automaker Daimler participated in the funding round, led by Saudi Arabia's Kingdom Holding. Careem was founded in 2012 and is headquartered in Dubai.

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