Uber sells $400m stake in Careem super app business

TechCrunch
By Kirsten KorosecApr 10, 2023, 2:03 pm139 pts
Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company. Emirates Telecommunications, the UAE telco giant that is now known as e&, said Monday it reached an…

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