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Careem App Screenshot With A White Car In Background

Uber acquires Careem for $3.1 billion

Uber has announced it has reached a deal to acquire Middle East-based ride-hailing company Careem for $3.1 billion. Careem, founded in 2012 in Dubai, claims more than 30 million registered users, providing ride-hailing service in 120 cities across North Africa,…

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A Pink Lyft Car Is Parked Next To A Cleaning Store

Lyft files for IPO

American ride-hailing company Lyft has filed for Initial Public Offering, after months of speculation. The official filing form lists $100 million for the offering, putting the company value around $25–30 billion. Lyft is the first ride-hailing company to go public…

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