Uber’s Mideast Rival Said to Seek Up to $500 Million New FundingBy and
Careem said working with Credit Suisse to raise financing
Ride-sharing service may be valued at over $1 billion
Careem FZ, a ride-sharing service that competes with Uber Technologies Inc. in the Middle East, is seeking as much as $500 million in new funding, according to people familiar with the matter.
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