Careem said to allocate $150m for food delivery biz launch

Careem said to allocate $150m for food delivery biz launch

A customer displays the Careem Inc. ride-hailing app while booking a car in this arranged photograph in Islamabad, Pakistan. Photographer: Asad Zaidi/Bloomberg

Middle East ride-hailing app Careem is planning to spend up to $150 million to launch its food delivery business as early as September, according to two sources with direct knowledge of the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter