Careem buys Indian bus shuttle service app

Dubai – Mubasher: Careem has acquired Indian bus shuttle service app, Commut.

The acquisition comes in line with Dubai-based ride-hailer's plan to expand in mass transportation.

Careem is planning to expand Commut’s bus services across 100 cities, it said in a statement.

The value of the deal was not disclosed.

The present deal has concluded in tandem with talks between Uber and Careem over the acquisition of the latter in a $2 billion deal.

Mubasher Contribution Time: 24-Sep-2018 15:29 (GMT)
Mubasher Last Update Time: 24-Sep-2018 15:43 (GMT)