Uber rival in 32 cities Careem says profitability in sight, in talks to raise funds

Uber rival in 32 cities Careem says profitability in sight, in talks to raise funds

Visual of Careem portal. November 2015.

Ride-hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about its latest fundraising plans, co-founder Mudassir Sheikha told Reuters on Tuesday.

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