Deliveroo is valued in the present time to over two billion dollars and want to Uber to get their hands on the business, you learn to need to pay a juicy premium, stated the same time can not have a deal fully guaranteed as Deliveroo and its investors has so far preferred to act independently, the sources said.Uber is aiming at the stock exchange next year, and ceo Dara Khosrowshahi has said that the focus on the matleveranstjänster becomes a priority on the way there.Uber are also looking at other acquisitions and most recently, this has been Careem, a leading taxiapptjänst in the Middle east and north Africa.The two companies are in talks and the acquisition would correspond to a long-awaited offensive for Uber, which so far has sold the operations in China, Russia, and Southeast asia.
Careem, which has its roots in the Middle east, thus becoming one of the few international companies that enter the country after us sanctions were eased last year.Careem has hired ten sudanese employees and linked to several hundreds of drivers to their app.currently only operating in the capital Khartoum, but it expects to have 30 employees and a presence in another sudanese city at the end of the year.Sudan has the potential to be one of Careems largest markets in terms of the number of trips, according to a head.In the country will compete against several local taxitjänstappar, but not Uber, which lacks a presence in Sudan.According to earlier reports from, among others, Bloomberg and the Financial Times to the last preliminary talks between the two rivals about a merger.
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday.The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013.A spokesperson for the company told TechCrunch it plans to release scooters in several other European and Australian cities where their app is already established, but will also launch in new markets where they’ve been unable to offer ride-hailing services because of regulatory roadblocks, including Germany and Spain.“One in five Taxify rides are less than 3 km, which is the perfect distance to cover with an electric scooter,” Taxify CEO and co-founder Markus Villig said in a statement.“It’s likely that some of our ride-hailing customers will now opt for scooters for shorter distances, but we’ll also attract a whole new group of customers with different needs.This means we’ll be able to help more people with their daily transportation problems.”
Careem, the UAE based transportation company that competes with Uber, added features to make it easier for sight impaired users to hail rides in Saudi Arabia.The new accessibility features available on both Android and iOS use speech-to-text and speech recognition.The app launched in 2012 and has seen steady growth over the past six years.It now has over 170,000 captains in Saudi Arabia providing rides to millions of users in more than 50 cities in the kingdom.Careem worked with several visually impaired users to learn of the challenges they faced when using the Careem app and what features could help them make most out of the app.Now, users can have the app read text out aloud to them and make simple commands using speech recognition.
the Negotiations on a merger between the taxi company Uber and its competitor Careem in the Middle east is reported to have reached a locked position, according to The information.the Reason should be that Careem want to continue to have control over the business, while Uber does not accept mergers where the company is just getting established.Careem want to have the possibility to be able to develop the service into other business areas beyond transport, something that is not in Ubers interest.According to earlier reports from, among others, Bloomberg and the Financial Times to the last preliminary talks between the two rivals about a merger.Different formats should be discussed, including the fact that Uber completely buy up Careem, or only take a majority shareholding in the company.In another scenario would Careem remain operationally responsible for the merged companies ' joint operations in the Middle east.
Ride-hailing giant Uber is planning to merge with its competition in the Middle East, though unlike prior deals in Southeast Asia, China, and Russia, it says it will remain in control of the merged entity.Bloomberg reports that Uber is in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.According to three sources who talked to the site, Uber plans to control more than half of the resulting company, though it is possible that it will simply delegate day-to-day management to Careem executives:A spokesman for Uber declined to comment.Under one proposed arrangement, Careem’s current leaders would manage the new combined business on a day-to-day basis while retaining one or both of the companies’ local brands, the people said.Another proposal would have Uber acquire Careem.
Uber is in preliminary talks to merge with rival Careem in the Middle east, reports Bloomberg News with reference to the sources.Different formats should be discussed, including the fact that Uber completely buy up Careem, or only take a majority shareholding in the company.In another scenario would Careem remain operationally responsible for the merged companies ' joint operations in the Middle east.Careem was founded in 2012 in Dubai by the swede Magnus Olsson, along with Mudassir Sheikha and Abdullah the Spring of 2017, the company had around 200 000 registered drivers and was valued at over usd 1 billion, or just less than sek 8.3 billion, according to Magnus Olsson stated, the Di Digital.Read more: Uber to resume the battle against the hearts of swedes car service in the Middle east
Ride-hailing giant Uber is in talks over a possible merger with Middle East rival Careem, according to Bloomberg — citing three people familiar with the matter.Among the possible arrangements that have been discussed are for Careem’s current leaders to manage a new combined business, day to day, with potentially both brands being retained in local markets.Bloomberg also reports that Dubai-based Careem is in talks with investors to raise $500 million, which it says could value the ride-hailing company at about $1.5BN.Careem is said to have held early talks with banks about a potential IPO in January.Neither company has publicly confirmed any talks.Our focus remains to build the leading internet platform for the region, from the region.
Uber has about 95,000 monthly active drivers in Saudi Arabia.And right now, only one is a woman.Uber (as well as Middle East ride-hailing rival Careem) is launching programs aimed at leveraging the sweeping cultural and economic changes afoot in the country.It’s one of many changes spearheaded by the kingdom’s heir to the throne, Crown Prince Mohammed bin Salman, who has encouraged reforms in Saudi Arabia in an effort to diversify the country’s economy.Uber has spent months preparing for this moment, conducting research on the country’s demographics and developing an approach that will add to its driver ranks without veering too far from cultural norms there.The pilot feature won’t guarantee that the female driver will get a female rider.
Women might drive for Uber and Careem in Saudi Arabia soon.The ban on women driving in Saudi Arabia was lifted on Sunday, and ride-hailing services Uber and Careem say they'll start preparations and training for female drivers to join their workforces, reported Forbes Middle East.Women can now work as Careem drivers in Riyadh, Jeddah and Dammam, reported Forbes.Uber plans to roll out a feature this fall that will allow women to choose to be connected to female riders, Forbes added.Saudi Arabia is one of the most conservative countries for women in the world.Only one in five Saudis employed in the country are women, reported Quartz.
Uber is in talks to resume operations in Abu Dhabi, the capital city of the United arab Emirates, writes Reuters.the Data comes from Mohamed Darwish al-Qamzi, an official in the transport ministry, told reporters said that the discussions occur.He added that he personally is convinced that Uber will get the green light.Uber has been blocked in Abu Dhabi since 2016 where the svenskgrundade taxiappen Careem is the largest operator.the Company was founded in 2012 in Dubai by the swede Magnus Olsson, along with Mudassir Sheikha and Abdullah Elyas.also Read: Interview: So went the hearts of swedes taxi transfer service from comers to miljardbolag in the Middle east
The Careem app has been one of the most popular car hailing or taxi booking applications in the UAE since its establishment in 2012.Although one can’t say that the taxi business has been predominant on a pretty large scale, but the truth is with operations in over 35 cities in 14 countries, the Careem app is a pretty giant name in the cab hailing business.But as it grew and took shape the true potential of taxi hailing apps came to the fore.Because Uber entered the world first, it had to face its own trials and tribulations.It had to undertake many tests, resolve many bugs for a very long time after getting feedback from the customers after real time on road experiences.
Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach.Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14.Careem said there’s no evidence the hackers accessed passwords or credit card information.While the breach involved access to Careem’s data storage system for 14 million riders and 558,800 drivers, according to Reuters, the company said it hasn’t seen any evidence of fraud or misuse.Careem said it became aware of the security incident back in January.Since then, Careem said it has conducted an investigation and strengthened its security systems.
Chinese ride-hailing giant Didi Chuxing (Didi) has officially opened for business in Mexico, one of Uber’s biggest strongholds globally.Didi is the market leader in China by some distance, swallowing up rivals such as Uber and raising large chunks of money to fund its global ambitions.So far, Didi has not had much of a global etaxi presence, though it did acquire Brazil’s 99 earlier this year and has announced a partnership with SoftBank in Japan to launch a ride-hailing platform in the next year.The company also expanded into Taiwan via a franchise model targeting local taxi drivers, and it has invested in players elsewhere, including Careem, which is big across EMEA.News emerged earlier this year that Didi was working toward a Mexico launch, its first real own-brand launch outside of China.Today, Didi Express was switched on in Toluca, the capital of the State of Mexico, which is the most populous state in the country.
Ride hailing service Uber and competitor Careem will not be banned in Egypt after a court overturned a judicial decision to pull the companies’ licenses, allowing both companies to continue operations there for the time being.Per Reuters, the suit was brought by Egyptian cab drivers who claimed that Uber and Careem were violating local laws on the use of private vehicles and had illegally registered under the wrong industries:Forty-two Egyptian taxi drivers filed a lawsuit in the administrative court a year ago against U.S.-based Uber and its Dubai-based competitor Careem, arguing they were illegally using private cars as taxis.In March, the administrative court ordered the government to suspend the licenses of the two companies.But on Saturday, Reuters reported, the Cairo Court of Urgent Matters heard an appeal from the companies and ordered that they be allowed to stay in business until a final ruling from the Highest Administrative Court.Neither Uber or Careem ever actually shut down in accordance with the original order.
Uber has avoided another shutdown – at least, for now.Over the April 7-8 weekend, a court in Cairo, Egypt ruled that a previous decision to suspend Uber and other ridesharing companies’ licenses would not be upheld, allowing both the San Francisco-based transportation giant, as well as Dubai-based competitor Careem, to continue their operations.But like many victories in this space, the win is a tenuous one.Last year, a total of 42 Egyptian taxi drivers filed a lawsuit against both Uber and Careem, claiming that the companies were using private cars as taxis, and furthermore, that Uber had falsely registered itself as a call center, while Careem claimed to be an internet company.Last month, the administrative court in which the suit was initially filed ordered the suspension of both companies’ licenses.However, Uber and Careem took the legal battle to the Cairo Court of Urgent Matters, who has now ruled that the two companies can continue to work until a final decision is handed down from the Highest Administrative Court.
The German car firms are better known for automobile brands that collectively include Mercedes-Benz, Rolls-Royce, Mini, and of course BMW.However, the duo have been investing in their own urban mobility services in recent years.Daimler, for example, acquired Uber-style app MyTaxi in 2014 through its Moovel subsidiary, and today it claims millions of users across dozens of European cities.MyTaxi also merged with U.K. etaxi company Hailo and later acquired Greek rival Taxibeat.Daimler has also acquired carpooling service Flinc, and invested in various other mobility startups, including electric car battery company StoreDot and ride-hailing service Careem, among others.Mercedes-Benz last year created a joint venture with U.S.-based Via to launch a new ride-sharing shuttle service in Europe.
Steps forward and steps back in African tech as 2017 turned into 2018, but never quiet.Taxi app wars continue to play a big part, with Estonian company Taxify, which is active in several African countries, partnering with South African food delivery company OrderIn to launch a food ordering service to rival UberEATs.Not to be outdone, Uber was also busy, launching uberCHAPCHAP in Kenya, a service that guarantees riders they are using fuel-efficient cars.That will all depend on the result of a court case in the North African country, where Uber and Middle Eastern equivalent Careem are being sued by taxi companies who feel they should be subject to the same regulations.African governments continue to make themselves controversial by shutting down internet services, with the Democratic Republic of Congo (DRC) doing so this month during its election cycle and South Sudan also flicking the “off” switch due to violence.In Cameroon, where those living in Anglophone areas have mostly been without internet for the best part of a year, pressure groups Access Now and Internet Sans Frontieres have announced they are suing the government in order to get services reinstated.
Daimler has acquired a majority stake in Chauffeur Privé, a French app that provides ride hailing services in Paris, Lyon and the Côte d’Azur (via ownership stake means that Daimler now has controlling interests in a number of smaller Uber competitors, particularly operating in Europe and MENA, including MyTaxi and Careem.The automaker also intends to complete its acquisition of Chauffeur Privé by acquiring the remaining stakes in the startup by 2019, per the report.Daimler’s mobility solutions portfolio continues to grow, through both external acquisitions of companies and through on-demand car sharing ventures including Car2Go.Other automakers are employing a similar strategy of build/acquire/partner when it comes to developing their new business models, which increasingly focus on opportunities other than individual vehicle ownership.Daimler has been particularly aggressive in the ride hailing space, which could be a big asset should it ever wish to deploy an autonomous hailing service, as most of its rivals seem poised to do.
Didi Chuxing, the go-to ride-hailing service in China, is looking to bring the fight to Uber in North America by entering Mexico soon, reports Reuters.The company – which claims to have 450 million users on its platform and is the second most highly valued venture-backed private firm on the planet – is said to have met with ProMexico, a government trade and investment agency, to look into the opportunities the country has to offer.It’s also begun hiring there to fill coporate roles.This is huge for Didi, as it’d mark its first expansion effort beyond China’s borders.The company previously acquired Uber’s operations in China in 2016, and has partnerships with a number of the Silicon Valley brand’s rivals, including Lyft, Ola, Grab, Taxify and Careem.While Didi might be in a good position to take on Uber, what with its recent $5.5 billion fundraising effort that’s meant to fund expansion to some degree, it’ll plenty of regulatory hurdles to cross before it can tackle the competition.