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Uber sells $400 mn stake in UAE s Careem super app biz

Ride-hailing major Uber has sold its stake worth $400 million in Careem, the Middle East-based ride-hailing company that it bought in 2019, to boost its super app business.Careem will spin out its super app business into a new venture backed .

New delhiAshish labrooMudassir sheikhaEmirates telecommunicationsMiddle east basedCareem ridesCareem technologiesSuper app

Uber sells $400m stake in Careem super app business

Emirates Telecommunications reached an agreement with Uber to buy a 50.03% stake in the new company called Careem Technologies.

Magnus olssonMudassir sheikhaAshish labrooEmirates telecommunicationsEmirates telecommunications group companyMiddle east basedEmirates telecommunications groupCareem ridesCareem technologiesSuper app

Winners of Customer Happiness Summit & Awards (CHSA) 2022 revealed

5th edition of annual event hosted by Plan3Media Event Management concluded on Oct 14

South africaUnited arab emiratesAshish labrooKrishnan gopiHarsha agrawalYara wehbe masafiJatin deepchandaniGch hotelContact centreImplementation of technology to enhanceHappiest residential community of the yearDeyaar community managementEducation ch team of the yearOmnichannel ch initiativeLifecare internationalRove hotels

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