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uae2 hours ago
Careem, a Middle East competitor to Uber Technologies, said on Sunday it had acquired RoundMenu and would start trialling food delivery services through the restaurant listing and reservation online platform this month.
The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum.
"Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month," it said in a statement to Reuters.
RoundMenu has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the UAE and Egypt. RoundMenu has raised $3.1 million in funding since it launched in 2012, the Careem statement said.
Careem said in June it would accelerate expansion plans after raising $500 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding.
In July, it took a minority stake in an Egyptian startup that connects commuters with private buses in Cairo. - Reuters
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