Uber's Dubai rival Careem close to raising $300m

Uber's Dubai rival Careem close to raising $300m

Careem pods at the GITEX 2016. Image sourced from the company's Facebook page.

Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is close to raising about $300 million in its first round of funding, according to two people with knowledge of the matter.

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