A UAE-based chauffeur-driven car booking service has announced it has attracted $10 million in new investment, led by Al Tayyar Travel Group.
Careem said that Al Tayyar along with existing investor STC Ventures and other regional investors are keen to further expand the technology-enabled firm across the Middle East and beyond.
Careem, the app and web-based service which serves 14 cities across the Middle East, plans to use the cash infusion to expand its business into new markets, and improve its technology and operations platform.
Careem was founded in Dubai in 2012 and now operates in Abu Dhabi, Bahrain, Beirut, Cairo, Dammam, Dhahran, Doha, Dubai, Jeddah, Karachi, Khobar, Kuwait, Lahore and Riyadh.
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